<SEC-DOCUMENT>0001193125-17-106055.txt : 20170331
<SEC-HEADER>0001193125-17-106055.hdr.sgml : 20170331
<ACCEPTANCE-DATETIME>20170331134624
ACCESSION NUMBER:		0001193125-17-106055
CONFORMED SUBMISSION TYPE:	20-F
PUBLIC DOCUMENT COUNT:		16
CONFORMED PERIOD OF REPORT:	20161231
FILED AS OF DATE:		20170331
DATE AS OF CHANGE:		20170331

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:		20-F
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10110
		FILM NUMBER:		17729514

	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>20-F
<SEQUENCE>1
<FILENAME>d368256d20f.htm
<DESCRIPTION>20-F
<TEXT>
<HTML><HEAD>
<TITLE>20-F</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <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="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE 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: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:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">20-F</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="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B></B>&#9744;<B></B><B></B></TD>
<TD ALIGN="left" VALIGN="top"><B>REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g)&nbsp;OF THE SECURITIES EXCHANGE ACT OF 1934 </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>OR </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B></B>&#9746;<B></B><B></B></TD>
<TD ALIGN="left" VALIGN="top"><B>ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>For the fiscal year ended December&nbsp;31, 2016 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>OR </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B></B>&#9744;<B></B><B></B></TD>
<TD ALIGN="left" VALIGN="top"><B>TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>For the transition period from
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> to
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>OR
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B></B>&#9744;<B></B><B></B></TD>
<TD ALIGN="left" VALIGN="top"><B>SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Date of event requiring this shell company report </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Commission file number: <FONT STYLE="white-space:nowrap">1-10110</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:12pt; margin-bottom:0pt; font-size:22pt; 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:10pt; 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:22pt; 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:10pt; font-family:Times New Roman" ALIGN="center"><B>(Translation of Registrant&#146;s name into English) </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:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Kingdom of
Spain </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Jurisdiction of incorporation or organization) </B></P>
<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:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive offices) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Ricardo G&oacute;mez Barredo </B></P>
<P STYLE="margin-top:0pt; 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:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Telephone number +34 91 537 7000 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Fax number +34 91 537 6766 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Name, Telephone, <FONT STYLE="white-space:nowrap">E-mail</FONT> and /or Facsimile Number and Address of Company Contact Person) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Securities registered or to be registered pursuant to Section&nbsp;12(b) of the Act. </B></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:10pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:64.15pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Title of Each Class</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:154.65pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Name of Each Exchange on which
Registered</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>American Depositary Shares, each representing</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>the right to receive one ordinary share,</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>par value &#128;0.49 per share</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>New York Stock Exchange</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Ordinary shares, par value &#128;0.49&nbsp;per share</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>New York Stock Exchange*</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Guarantee of <FONT STYLE="white-space:nowrap">Non-Cumulative</FONT> Guaranteed</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Preferred Securities, Series C, liquidation preference $1,000 each, of BBVA International Preferred, S.A. Unipersonal</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>New York Stock Exchange**</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>3.000% Fixed Rate Senior Notes due 2020</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>New York Stock Exchange</B></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top">The ordinary shares are not listed for trading, but are listed only in connection with the registration of the American Depositary Shares, pursuant to requirements of the New York Stock Exchange. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">**</TD>
<TD ALIGN="left" VALIGN="top">The guarantee is not listed for trading, but is listed only in connection with the registration of the corresponding <FONT STYLE="white-space:nowrap">Non-Cumulative</FONT> Guaranteed Preferred Securities of BBVA
International Preferred, S.A. Unipersonal (a wholly-owned subsidiary of Banco Bilbao Vizcaya Argentaria, S.A.). </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Securities registered or to be registered pursuant to Section&nbsp;12(g) of the Act. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>None </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Securities for
which there is a reporting obligation pursuant to Section&nbsp;15(d) of the Act. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>None </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>The number of outstanding shares of each class of stock of the Registrant as of December&nbsp;31, 2016, was: </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Ordinary shares, par value &#128;0.49 per share&#151;6,566,615,242 </B></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:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Yes&nbsp;&nbsp;&#9746;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section&nbsp;13 or
15(d) of the Securities Exchange Act of 1934. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Yes&nbsp;&nbsp;&#9744;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;&#9746; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant (1)&nbsp;has filed all reports required to be filed by Section&nbsp;13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)&nbsp;has been subject to such filing requirements for the past 90 days. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Yes&nbsp;&nbsp;&#9746;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required
to be submitted and posted pursuant to Rule 405 of Regulation <FONT STYLE="white-space:nowrap">S-T</FONT> (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and
post such files). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Yes&nbsp;&nbsp;&#9744;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a <FONT STYLE="white-space:nowrap">non-accelerated</FONT>
filer. See definition of &#147;accelerated filer and large accelerated filer&#148; in Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the Exchange Act. (Check One): </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:10pt" ALIGN="center">


<TR>
<TD WIDTH="33%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center">Large&nbsp;accelerated&nbsp;filer&nbsp;&nbsp;&#9746;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Accelerated&nbsp;filer&nbsp;&nbsp;&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Non-accelerated&nbsp;filer&nbsp;&nbsp;&#9744;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this
filing: </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:10pt" ALIGN="center">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="75%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP ALIGN="center">U.S.&nbsp;GAAP&nbsp;&nbsp;&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">International Financial Reporting Standards&nbsp;as Issued</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">by the International Accounting Standards Board&nbsp;&nbsp;&#9746;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Other&nbsp;&nbsp;&#9744;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If &#147;Other&#148; has been checked in response to the previous question, indicate by check mark which financial statement
item the registrant has elected to follow. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Item&nbsp;17&nbsp;&nbsp;&#9744;&nbsp;&nbsp;&nbsp;&nbsp;Item&nbsp;18&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule
<FONT STYLE="white-space:nowrap">12b-2</FONT> of the Exchange Act). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Yes&nbsp;&nbsp;&#9744;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;&#9746;
</P> <P STYLE="font-size:10pt;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'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BANCO BILBAO VIZCAYA ARGENTARIA, S.A. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc"></A>TABLE OF CONTENTS </B></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:10pt" ALIGN="center">


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<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>PAGE</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><A HREF="#tx368256_1">PART&nbsp;I </A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</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-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">ITEM&nbsp;1.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_2">IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_3">Directors and Senior Management</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">B.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_4">Advisers</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_5">Auditors</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">ITEM&nbsp;2.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_6">OFFER STATISTICS AND EXPECTED TIMETABLE</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">ITEM&nbsp;3.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_7">KEY INFORMATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_8">Selected Consolidated Financial Data</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">B.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_9">Capitalization and Indebtedness</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_10">Reasons for the Offer and Use of Proceeds</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">D.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_11">Risk Factors</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">ITEM&nbsp;4.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_12">INFORMATION ON THE COMPANY</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_13">History and Development of the Company</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">B.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_14">Business Overview</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_15">Organizational Structure</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">D.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_16">Property, Plants and Equipment</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">E.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_17">Selected Statistical Information</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">66</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">F.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_18">Competition</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">G.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_19">Cybersecurity and Fraud Management</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">ITEM&nbsp;4A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_20">UNRESOLVED STAFF COMMENTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">ITEM&nbsp;5.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_21">OPERATING AND FINANCIAL REVIEW AND PROSPECTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_22">Operating Results</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">96</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">B.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_23">Liquidity and Capital Resources</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">146</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_24">Research and Development, Patents and Licenses, etc.</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">151</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">D.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_25">Trend Information</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">151</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">E.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_26"><FONT STYLE="white-space:nowrap">Off-Balance</FONT> Sheet
Arrangements</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">154</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">F.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_27">Tabular Disclosure of Contractual Obligations</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">155</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">ITEM&nbsp;6.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_28">DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">155</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_29">Directors and Senior Management</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">155</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">B.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_30">Compensation</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">163</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_31">Board Practices</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">172</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">D.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_32">Employees</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">180</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">E.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_33">Share Ownership</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">183</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">ITEM&nbsp;7.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_34">MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">184</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_35">Major Shareholders</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">184</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">B.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_36">Related Party Transactions</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">184</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_37">Interests of Experts and Counsel</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">186</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">ITEM&nbsp;8.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_38">FINANCIAL INFORMATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">186</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_39">Consolidated Statements and Other Financial Information</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">186</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">B.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_40">Significant Changes</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">188</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">ITEM&nbsp;9.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_41">THE OFFER AND LISTING</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">188</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_42">Offer and Listing Details</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">188</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">B.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_43">Plan of Distribution</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">195</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_44">Markets</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">195</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">D.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_45">Selling Shareholders</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">196</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">E.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_46">Dilution</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">196</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">F.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_47">Expenses of the Issue</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">196</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">ITEM&nbsp;10.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_48">ADDITIONAL INFORMATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">196</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_49">Share Capital</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">196</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>PAGE</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">B.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_50">Memorandum and Articles of Association</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">196</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_51">Material Contracts</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">199</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">D.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_52">Exchange Controls</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">199</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">E.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_53">Taxation</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">F.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_54">Dividends and Paying Agents</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">206</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">G.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_55">Statement by Experts</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">206</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">H.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_56">Documents on Display</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">207</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">I.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_57">Subsidiary Information</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">207</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ITEM&nbsp;11.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_58">QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">208</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ITEM&nbsp;12.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_59">DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">216</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_60">Debt Securities</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">216</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">B.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_61">Warrants and Rights</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">216</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_62">Other Securities</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">216</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">D.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_63">American Depositary Shares</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">216</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><A HREF="#tx368256_64">PART II </A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</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="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ITEM&nbsp;13.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_65">DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">218</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ITEM&nbsp;14.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_66">MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS
</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">218</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ITEM&nbsp;15.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_67">CONTROLS AND PROCEDURES</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">218</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ITEM&nbsp;16.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_68">[RESERVED]</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">220</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ITEM&nbsp;16A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_69">AUDIT COMMITTEE FINANCIAL EXPERT</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">220</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ITEM&nbsp;16B.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_70">CODE OF ETHICS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">220</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ITEM&nbsp;16C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_71">PRINCIPAL ACCOUNTANT FEES AND SERVICES</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">221</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ITEM&nbsp;16D.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_72">EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">222</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ITEM&nbsp;16E.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_73">PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED
PURCHASERS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">222</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ITEM&nbsp;16F.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_74">CHANGE IN REGISTRANT&#146;S CERTIFYING ACCOUNTANT</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">222</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ITEM&nbsp;16G.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_75">CORPORATE GOVERNANCE</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">223</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ITEM&nbsp;16H.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_76">MINE SAFETY DISCLOSURE</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">225</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><A HREF="#tx368256_77">PART III </A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</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="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ITEM&nbsp;17.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_78">FINANCIAL STATEMENTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">225</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ITEM&nbsp;18.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_79">FINANCIAL STATEMENTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">225</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ITEM&nbsp;19.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx368256_80">EXHIBITS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">225</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:24pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</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:Times New Roman" ALIGN="center">2 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CERTAIN TERMS AND CONVENTIONS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The terms below are used as follows throughout this report: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">&#147;<B>BBVA</B>&#148;, the &#147;<B>Bank</B>&#148;, the &#147;<B>Company</B>&#148;, the &#147;<B>Group</B>&#148; or the &#147;<B>BBVA Group</B>&#148; means Banco Bilbao Vizcaya Argentaria, S.A. and its consolidated
subsidiaries unless otherwise indicated or the context otherwise requires. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">&#147;<B>BBVA Bancomer</B>&#148; means Grupo Financiero BBVA Bancomer, S.A. de C.V. and its consolidated subsidiaries, unless otherwise indicated or the context otherwise requires. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">&#147;<B>BBVA Compass</B>&#148; means BBVA Compass Bancshares, Inc. and its consolidated subsidiaries, unless otherwise indicated or the context otherwise requires. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">&#147;<B>Consolidated Financial Statements</B>&#148; means our audited consolidated financial statements as of and for the years ended December&nbsp;31, 2016, 2015 and 2014 prepared in accordance with the International
Financial Reporting Standards adopted by the European Union (&#147;<B><FONT STYLE="white-space:nowrap">EU-IFRS</FONT></B>&#148;) required to be applied under the Bank of Spain&#146;s Circular 4/2004 and in compliance with International Financial
Reporting Standards as issued by the International Accounting Standards Board (&#147;<B>IFRS-IASB</B>&#148;). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">&#147;<B>Latin America</B>&#148; refers to Mexico and the countries in which we operate in South America and Central America. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">First person personal pronouns used in this report, such as &#147;<B>we</B>&#148;, &#147;<B>us</B>&#148;, or &#147;<B>our</B>&#148;, mean
BBVA, unless otherwise indicated or the context otherwise requires. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In this report, &#147;<B>$</B>&#148;, &#147;<B>U.S.
dollars</B>&#148;, and &#147;<B>dollars</B>&#148; refer to United States Dollars and &#147;&#128;&#148; and &#147;<B>euro</B>&#148; refer to Euro. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Annual Report contains statements that constitute forward-looking statements within the meaning of Section&nbsp;27A of the Securities Act
of 1933, as amended (the &#147;<B>Securities Act</B>&#148;) Section&nbsp;21E of the U.S. Securities Exchange Act of 1934, as amended (the &#147;<B>Exchange Act</B>&#148;), and the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Forward-looking statements may include words such as &#147;believe&#148;, &#147;expect&#148;, &#147;estimate&#148;, &#147;project&#148;, &#147;anticipate&#148;, &#147;should&#148;, &#147;intend&#148;, &#147;probability&#148;,
&#147;risk&#148;, &#147;VaR&#148;, &#147;target&#148;, &#147;goal&#148;, &#147;objective&#148; and similar expressions or variations on such expressions and includes statements regarding future growth rates. Forward-looking statements are not
guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those in the forward-looking statements as a result of various factors. The accompanying information in this Annual Report,
including, without limitation, the information under the items listed below, identifies important factors that could cause such differences: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">&#147;Item 3. Key Information&#151;Risk Factors&#148;; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">&#147;Item 4. Information on the Company&#148;; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">&#147;Item 5. Operating and Financial Review and Prospects&#148;; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">&#147;Item 11. Quantitative and Qualitative Disclosures About Market Risk&#148;. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other
important factors that could cause actual results to differ materially from those in forward-looking statements include, among others: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD ALIGN="left" VALIGN="top">general political, economic and business conditions in Spain, the European Union (&#147;<B>EU</B>&#148;), Latin America, Turkey, the United States and other regions, countries or territories in which we operate;
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<TD ALIGN="left" VALIGN="top">changes in applicable laws and regulations, including increased capital and provision requirements and taxation, and steps taken towards achieving an EU fiscal and banking union; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">the monetary, interest rate and other policies of central banks in the EU, Spain, the United States, Mexico, Turkey and elsewhere; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">changes or volatility in interest rates, foreign exchange rates (including the euro to U.S. dollar exchange rate), asset prices, equity markets, commodity prices, inflation or deflation; </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">ongoing market adjustments in the real estate sectors in Spain, Mexico and the United States; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">the effects of competition in the markets in which we operate, which may be influenced by regulation or deregulation; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">changes in consumer spending and savings habits, including changes in government policies which may influence spending, saving and investment decisions; </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">adverse developments in emerging countries, in particular Latin America and Turkey, including unfavorable political and economic developments, social instability and changes in governmental policies, including
expropriation, nationalization, international ownership legislation, interest rate caps and tax policies; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">our ability to hedge certain risks economically; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">downgrades in our credit ratings or in the Kingdom of Spain&#146;s credit ratings; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">the success of our acquisitions, divestitures, mergers and strategic alliances; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">our ability to make payments on certain substantial unfunded amounts relating to commitments with personnel; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">the performance of our international operations and our ability to manage such operations; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">weaknesses or failures in our Group&#146;s internal processes, systems (including information technology systems) and security; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">our success in managing the risks involved in the foregoing, which depends, among other things, on our ability to anticipate events that are not captured by the statistical models we use; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"><I>force majeure</I> and other events beyond our control. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Readers are cautioned not to place
undue reliance on such forward-looking statements, which speak only as of the date hereof. We undertake no obligation to release publicly the result of any revisions to these forward-looking statements which may be made to reflect events or
circumstances after the date hereof, including, without limitation, changes in our business or acquisition strategy or planned capital expenditures, or to reflect the occurrence of unanticipated events. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PRESENTATION OF FINANCIAL INFORMATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Accounting Principles </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under Regulation
(EC) no. 1606/2002 of the European Parliament and of the Council of July&nbsp;19, 2002, all companies governed by the law of an EU Member State and whose securities are admitted to trading on a regulated market of any Member State must prepare their
consolidated financial statements for the years beginning on or after January&nbsp;1, 2005 in conformity with <FONT STYLE="white-space:nowrap">EU-IFRS.</FONT> The Bank of Spain issued Circular 4/2004 of December&nbsp;22, 2004 on Public and
Confidential Financial Reporting Rules and Formats (as amended or supplemented from time to time, &#147;<B>Circular 4/2004</B>&#148;), which requires Spanish credit institutions to adapt their accounting system to the principles derived from the
adoption by the European Union of <FONT STYLE="white-space:nowrap">EU-IFRS.</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Differences between
<FONT STYLE="white-space:nowrap">EU-IFRS</FONT> required to be applied under the Bank of Spain&#146;s Circular 4/2004 and IFRS-IASB are not material for the years ended December&nbsp;31, 2016, 2015 and 2014. Accordingly, the Consolidated Financial
Statements included in this Annual Report have been prepared in accordance with <FONT STYLE="white-space:nowrap">EU-IFRS</FONT> required to be applied under the Bank of Spain&#146;s Circular 4/2004 and in compliance with IFRS-IASB. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The financial information as of and for the years ended December&nbsp;31, 2014, 2013 and 2012 may differ from previously reported financial
information as of such dates and for such periods in our respective annual reports on Form <FONT STYLE="white-space:nowrap">20-F</FONT> for certain prior years, as a result mainly of the retrospective revisions referred to below (see
&#147;&#151;<I>Retrospective Revisions</I>&#148;). In addition, the financial information as of and for the year ended December&nbsp;31, 2012 may differ from previously reported financial information as of such date and for such period in our annual
report on Form <FONT STYLE="white-space:nowrap">20-F</FONT> for such year, as a result of the implementation of changes in the accounting standards set out in IFRS 10 and 11 that came into force in 2013. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Retrospective Revisions </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>New
presentation models required by Circular 5/2015 of the CNMV </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our consolidated financial statements for the year ended
December&nbsp;31, 2016 have been prepared in accordance with the presentation models required by Circular 5/2015 of the National Securities Market Commission or &#147;<B>CNMV</B>&#148; (<I>Comisi&oacute;n Nacional del Mercado de Valores</I>). This
Circular seeks to adapt the content of the financial information published by credit institutions and the format in which financial statements are presented to the mandatory regulation adopted by the European Union for credit institutions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The information relating to the years ended December&nbsp;31, 2015 and 2014 has been restated in accordance with the new presentation models
referred to above. The presentation of our consolidated financial statements in accordance with these new models has had no significant impact on the financial statements included in the Consolidated Financial Statements for the years ended
December&nbsp;31, 2015 and 2014. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Reclassifications of certain operating expenses </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In the fourth quarter of 2015, we reclassified several operating expenses related to technology from our Corporate Center to our Banking
Activity in Spain segment. This reclassification was the result of the reassignment of technology-related management resources and responsibilities from the Corporate Center to the Banking Activity in Spain segment during 2015. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In our Consolidated Financial Statements and throughout this Annual Report, the comparative financial information by operating segment for
2014 has been retrospectively revised to reflect the reclassification of these expenses. This reclassification of expenses did not affect the Group&#146;s consolidated income statements. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Changes in operating segments </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On July&nbsp;27, 2015, we acquired 62,538,000,000 shares (in the aggregate) of the Turkish bank T&uuml;rkiye Garanti Bankas&#305; A.&#350;.
(&#147;<B>Garanti</B>&#148;) from Do&#287;u&#351; Holding A.&#350;., Ferit Faik &#350;ahenk, Dianne &#350;ahenk and Defne &#350;ahenk, under certain agreements entered into on November&nbsp;19, 2014. Following this acquisition, we held 39.90% of
Garanti&#146;s </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">share capital and started to fully consolidate Garanti&#146;s results in our consolidated financial statements as
we determined we were able to control such entity in accordance with our shareholders&#146; agreement with the Do&#287;u&#351; group. See &#147;<I>Item 4. Information on the Company&#151;Material Contracts&#151;Shareholders&#146; Agreement in
Connection with Garanti</I>.&#148; On March&nbsp;22, 2017, we completed the acquisition of an additional 9.95% stake in Garanti. See <I>&#147;Item 4. Information on the Company&#151;History and Development of the Company&#151;Capital
expenditures&#151;2017.&#148;</I> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The acquisition completed in 2015 resulted in certain changes in our operating segments. In particular,
since January&nbsp;1, 2015, our former Eurasia segment has been recast into the following two segments: Turkey, which consists of our stake in Garanti (25.01% until July&nbsp;27, 2015, 39.90% from July&nbsp;27, 2015 to March&nbsp;22, 2017 and 49.85%
since March&nbsp;22, 2017), and Rest of Eurasia, which includes the retail and wholesale businesses carried out in Europe and Asia, other than in Spain and Turkey. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In our Consolidated Financial Statements and throughout this Annual Report, the comparative financial information by operating segment for
2014 has been retrospectively revised to reflect our current reporting structure. This revision did not affect the Group&#146;s consolidated income statements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There have been no significant changes to our operating segments during 2016 (see Note 6 to the Consolidated Financial Statements). </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Business combinations </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain
financial information for the year ended December&nbsp;31, 2015 has been restated, with no significant impact, as a result of the end in 2016 of the purchase accounting period relating to the stake in Garanti acquired in 2015,&nbsp;as required
by&nbsp;IFRS 3&nbsp;&#147;Business Combinations&#148; (see Note 18 to the Consolidated Financial Statements ). </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Statistical and Financial Information
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following principles should be noted in reviewing the statistical and financial information contained herein: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Average balances, when used, are based on the beginning and the <FONT STYLE="white-space:nowrap">month-end</FONT> balances during each year. We do not believe that such monthly averages present trends that are
materially different from those that would be presented by daily averages. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Unless otherwise stated, any reference to loans refers to both loans and advances. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD ALIGN="left" VALIGN="top">Financial information with respect to segments or subsidiaries may not reflect consolidation adjustments. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD ALIGN="left" VALIGN="top">Certain numerical information in this Annual Report may not compute due to rounding. In addition, information regarding <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">period-to-period</FONT></FONT>
changes is based on numbers which have not been rounded. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Venezuela </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The local financial statements of the Group subsidiaries in Venezuela are expressed in Venezuelan bolivar and they are converted into euros for
purposes of preparing the Group&#146;s consolidated financial statements. Venezuela has strict foreign exchange restrictions and different exchange rates in place. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In past years, we have used different exchange rates to prepare the Group&#146;s consolidated financial statements: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Until January&nbsp;1, 2014, we used the CADIVI exchange rate (named after the acronym, in Spanish, of the Foreign Exchange Administration Commission, currently the National Center for Foreign Trade or CENCOEX). As of
December&nbsp;31, 2013 the exchange rate was 8.68 Venezuelan bolivars per euro. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">In 2014 the Venezuelan government approved a new exchange rate system referred to as the
&#147;<B>foreign-currency system</B>&#148;, in which the exchange rate against the U.S. dollar was determined in an auction which was open to both individuals and companies, resulting in an exchange rate that fluctuated from auction to auction
</P></TD></TR></TABLE>
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and was published on the website of the Complementary Currency Administration System (SICAD I). Subsequently, in July 2014, the Venezuelan government established a new type of auction called
SICAD II only applicable to certain types of transactions and not applicable to credit institutions. As of December&nbsp;31, 2014 the applicable exchange rate (SICAD I) was 14.71 Venezuelan bolivars per euro. For purposes of preparing our
consolidated financial statements as of and for the year ended December&nbsp;31, 2014 we used the SICAD I exchange rate. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">On February&nbsp;10, 2015, the Venezuelan government announced the cancellation of SICAD II and its combination with SICAD I in order to create a new SICAD and the creation of a new foreign-currency system called
SIMADI. The Group used the SIMADI exchange rate starting in March 2015 for purpose of the Group&#146;s interim financial statements. The SIMADI exchange rate increased rapidly to approximately 218 Venezuelan bolivars per euro and stabilized during
the second half of 2015 to 216.3 Venezuelan bolivars per euro as of December&nbsp;31, 2015. However, as explained below, we have not used this exchange rate to prepare the Group&#146;s Consolidated Financial Statements. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In February 2016, the Venezuelan government approved a new exchange rate agreement which sets two new mechanisms (DICOM and SICOM) that regulate the purchase and sale of foreign currency and the&nbsp;suspension of the
SIMADI exchange rate. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The Bank&#146;s Board of Directors determined that the use of the new DICOM and SICOM exchange rates and, previously, the SIMADI exchange rate, for converting bolivars into euros in preparing the consolidated financial
statements, as of and for the years ended December&nbsp;31, 2015 and 2016, would not provide an accurate picture of the consolidated financial statements of the Group or the financial position of the Group subsidiaries in Venezuela.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Consequently, as of December&nbsp;31, 2015 and 2016, the Group has used alternative conversion exchange rates in the conversion of the financial statements of the Group&#146;s subsidiaries in Venezuela of 469 and 1,893
Venezuelan bolivars per euro, respectively. These exchanges rates have been calculated by BBVA Research taking into account the estimated evolution of inflation in Venezuela in 2015 and 2016 (170% and 300%, respectively) (see Note 2.2.20 to the
Consolidated Financial Statements). </TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx368256_1"></A>PART I </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_2"></A>ITEM&nbsp;1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_3"></A>A.
Director and Senior Management</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Not Applicable. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_4"></A>B. Advisers</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Not Applicable. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_5">
</A>C. Auditors</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Not Applicable. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_6"></A>ITEM&nbsp;2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>OFFER STATISTICS AND EXPECTED TIMETABLE </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Not Applicable. </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:Times New Roman" ALIGN="center">7 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_7"></A>ITEM&nbsp;3.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>KEY INFORMATION </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_8"></A>A. Selected Consolidated Financial Data
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The historical financial information set forth below for the years ended December&nbsp;31, 2016, 2015 and 2014 has been selected from,
and should be read together with, the Consolidated Financial Statements included herein. The audited consolidated financial statements for 2013 and 2012 are not included in this document, and they instead are derived from the respective annual
reports on Form <FONT STYLE="white-space:nowrap">20-F</FONT> for certain prior years previously filed by us with retrospective adjustments made for the application of certain changes in accounting principles. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For information concerning the preparation and presentation of the financial information contained herein, see &#147;Presentation of Financial
Information&#148;. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD></TD>
<TD></TD>
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<TD></TD>
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<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year Ended December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2013<SUP STYLE="font-size:85%; vertical-align:top"> (1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2012 <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><B>(In Millions of Euros, Except Per Share/ADS Data (In Euros))</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Consolidated Statement of Income Data</B></P></TD>
<TD VALIGN="bottom">&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Interest and similar income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,708</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,783</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,838</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,512</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,815</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Interest and similar expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10,648</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8,761</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8,456</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9,612</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10,341</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>17,059</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>16,022</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>14,382</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>13,900</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>14,474</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Dividend income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">467</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">415</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">531</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">235</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">390</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Share of profit or loss of entities accounted for using the equity method</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">174</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">343</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">694</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,039</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Fee and commission income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,804</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,340</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,530</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,478</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,290</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Fee and commission expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,086</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,729</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,356</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,228</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,134</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net gains(losses) on financial assets and liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,661</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">865</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,435</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,608</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,636</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Exchange differences (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">472</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,165</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">699</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">903</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,272</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,315</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">959</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,234</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,108</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,128</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,285</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,705</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,002</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,045</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Income on insurance and reinsurance contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,652</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,678</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,622</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,761</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,657</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Expenses on insurance and reinsurance contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,545</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,599</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,714</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,831</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,660</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Gross income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>24,653</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>23,362</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>20,725</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>20,752</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>21,824</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Administration costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11,366</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10,836</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9,414</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9,701</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9,396</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,426</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,272</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,145</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,095</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(978</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Provisions or (-) reversal of provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,186</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(731</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,142</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(609</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(641</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on financial assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,801</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,272</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,340</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,612</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,859</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net operating income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,874</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,251</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,684</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,735</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,950</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on other assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(521</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(273</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(297</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(467</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,123</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Gains (losses) on derecognition of <FONT STYLE="white-space:nowrap">non-financial</FONT> assets
and subsidiaries, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,135</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,915</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Negative goodwill recognized in profit or loss</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">376</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">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</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(31</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">734</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(453</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(399</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(624</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Operating profit before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,392</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,603</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,980</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>954</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,582</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,699</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,274</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(898</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">352</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit from continuing operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,693</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,328</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,082</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>970</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,934</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from discontinued operations (net)
<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,866</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">393</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,693</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,328</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,082</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,836</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,327</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to parent company</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,475</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,642</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,618</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,084</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,676</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,218</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">686</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">464</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">753</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">651</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Per share/ADS<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP> Data</B></P></TD>
<TD VALIGN="bottom">&nbsp;&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 BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.71</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Diluted profit attributable to parent company
<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Basic profit attributable to parent company</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Dividends declared (In Euros)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.080</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Dividends declared (In U.S. dollars)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.169</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.174</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.097</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.138</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.264</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Number of shares outstanding (at period end)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,566,615,242</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,366,680,118</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,171,338,995</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,785,954,443</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,448,849,545</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Restated for comparative purposes as a result of the application at December&nbsp;31, 2014 of IFRIC 21 (Levies). </TD></TR></TABLE>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</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:Times New Roman" ALIGN="center">8 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>For 2013 and 2012, includes the capital gains from the sale of Afore Bancomer in Mexico and the South America pension fund administrators, as well as the earnings
recorded by these companies up to the date of these sales. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Each American Depositary Share (&#147;<B>ADS</B>&#148;) represents the right to receive one ordinary share. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Calculated on the basis of the weighted average number of BBVA&#146;s ordinary shares outstanding during the relevant period including the average number of estimated shares to be converted and, for comparative
purposes, a correction factor to account for the capital increases carried out in April 2012, October 2012, April 2013, October 2013, April 2014, October 2014, December 2014, April 2015, October 2015, December 2015, April 2016 and October 2016,
excluding the weighted average number of treasury shares during the period (6,468&nbsp;million, 6,290&nbsp;million, 5,905&nbsp;million, 5,597&nbsp;million and 5,829&nbsp;million shares in 2016, 2015, 2014, 2013 and 2012, respectively). With respect
to the years ended December&nbsp;31, 2016, 2015 and 2014, see Note 5 to the Consolidated Financial Statements. </TD></TR></TABLE> <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:10pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of and for Year Ended December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2013 <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2012 <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><B>(In Millions of Euros, Except Percentages)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Consolidated Balance Sheet Data</B></P></TD>
<TD VALIGN="bottom">&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Total assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">731,856</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">749,855</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">631,942</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">582,697</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">621,132</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55,428</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55,282</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51,609</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,565</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,802</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Common stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,218</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,120</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,024</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,835</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,670</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans and receivables (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">465,977</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">471,828</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">376,086</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">350,945</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">371,347</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Customer deposits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">401,465</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">403,362</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">319,334</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">300,490</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">282,795</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Debt certificates and subordinated liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">76,375</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81,980</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">71,917</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74,676</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">98,070</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><FONT STYLE="white-space:nowrap">Non-controlling</FONT> interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,064</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,992</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,511</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,371</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,372</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Total equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55,428</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55,282</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51,609</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,565</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43, 802</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Consolidated ratios</B></P></TD>
<TD VALIGN="bottom">&nbsp;&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 BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profitability ratios:</P></TD>
<TD VALIGN="bottom">&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net interest margin<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.32</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.27</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.40</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.32</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.38</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Return on average total assets<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.4</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Return on average total stockholders&#146; funds
<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.3</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.1</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Credit quality data</B></P></TD>
<TD VALIGN="bottom">&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loan loss reserve<SUP STYLE="font-size:85%; vertical-align:top"> (5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,742</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,273</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,990</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,144</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loan loss reserve as a percentage of total loans and receivables (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.44</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.97</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.83</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.27</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.81</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B><FONT STYLE="white-space:nowrap">Non-performing</FONT> asset ratio (NPA ratio) <SUP
STYLE="font-size:85%; vertical-align:top">(6)</SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.90</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.39</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.98</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.95</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.06</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impaired loans and advances to customers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,915</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,333</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,703</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,445</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,960</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impaired contingent liabilities to customers
<SUP STYLE="font-size:85%; vertical-align:top">(7)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">680</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">664</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">413</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">410</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">312</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,595</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,997</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,116</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,855</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,272</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans and advances to customers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">430,629</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">432,921</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">353,029</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">338,664</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">356,521</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Contingent liabilities to customers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,540</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,876</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,741</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,543</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36,891</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">481,169</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">482,797</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">386,770</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">372,207</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">393,412</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Information has been restated for comparative purposes as a result of the application at December&nbsp;31, 2014 of IFRIC 21 (Levies). </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Represents net interest income as a percentage of average total assets. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Represents profit as a percentage of average total assets. </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:Times New Roman" ALIGN="center">9 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Represents profit attributable to parent company for the year as a percentage of average stockholders&#146; funds for the year, excluding &#147;Non-controlling interest&#148;. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Represents impairment losses on loans and receivables to credit institutions, loans and advances to customers and debt securities. See Note 13 to the Consolidated Financial Statements. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Represents the sum of impaired loans and advances to customers and impaired contingent liabilities to customers divided by the sum of loans and advances to customers and contingent liabilities to customers.
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(7)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We include contingent liabilities in the calculation of our <FONT STYLE="white-space:nowrap">non-performing</FONT> asset ratio (NPA ratio). We believe that impaired contingent liabilities should be included in the
calculation of our NPA ratio where we have reason to know, as of the reporting date, that they are impaired. The credit risk associated with contingent liabilities (consisting mainly of financial guarantees provided to third-parties on behalf of our
customers) is evaluated and provisioned according to the probability of default of our customers&#146; obligations. If impaired contingent liabilities were not included in the calculation of our NPA ratio, such ratio would generally be higher for
the periods covered, amounting to approximately 5.3%,5.9%, 6.4%, 7.5% and 5.6% as of December&nbsp;31, 2016, 2015, 2014, 2013 and 2012, respectively. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Exchange Rates </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Spain&#146;s currency is
the euro. Unless otherwise indicated, the amounts that have been converted to euro in this Annual Report have been done so at the corresponding exchange rate published by the European Central Bank (&#147;<B>ECB</B>&#148;) on December&nbsp;31 of the
relevant period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For convenience in the analysis of the information, the following tables describe, for the periods and dates indicated,
information concerning the noon buying rate for euro, expressed in dollars per &#128;1.00. The term &#147;<B>noon buying rate</B>&#148; refers to the rate of exchange for euros, expressed in U.S. dollars per euro, in the City of New York for cable
transfers payable in foreign currencies as certified by the Federal Reserve Bank of New York for customs purposes. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="87%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:88.00pt; font-size:8pt; font-family:Times New Roman"><B>Year ended December&nbsp;31,</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Average<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">2012</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.2908</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">2013</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.3303</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">2014</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.3210</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">2015</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.1032</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">2016</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.1029</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">2017 (through March 24, 2017)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0650</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Calculated by using the average of the exchange rates on the last day of each month during the period. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:45.55pt; font-size:8pt; font-family:Times New Roman"><B>Month ended</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>High</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Low</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">September&nbsp;30, 2016</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.1271</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.1158</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">October&nbsp;31, 2016</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.1212</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0866</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">November&nbsp;30, 2016</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.1121</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0560</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">December&nbsp;31, 2016</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0758</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0375</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">January&nbsp;31, 2017</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0794</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0416</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">February&nbsp;28, 2017</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0802</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0551</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">March&nbsp;31, 2017 (through March&nbsp;24, 2017)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0810</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0514</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The noon buying rate for euro from the Federal Reserve Bank of New York, expressed in dollars per &#128;1.00,
on March 24, 2017, was $1.0806. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, approximately 47% of our assets and approximately 46% of our liabilities
were denominated in currencies other than euro. See Note 2.2.16 to our 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:Times New Roman" ALIGN="center">10 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For a discussion of our foreign currency exposure, please see Note 7.4.2 to our Consolidated
Financial Statements (&#147;Market Risk&#151;Structural Exchange Rate Risk&#148;) and &#147;Item 11. Quantitative and Qualitative Disclosures About Market Risk&#148;. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_9"></A>B. Capitalization and Indebtedness </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Not Applicable.</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_10"></A>C.
Reasons for the Offer and Use of Proceeds </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Not Applicable. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_11"></A>D. Risk Factors </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Macroeconomic Risks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Economic conditions in the
countries where the Group operates could have a material adverse effect on the Group&#146;s business, financial condition and results of operations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Despite the recent growth of the global economy, uncertainty remains. The deterioration of economic conditions in the countries where the Group
operates could adversely affect the cost and availability of funding for the Group, the quality of the Group&#146;s loan and investment securities portfolios and levels of deposits and profitability, which may also require the Group to take
impairments on its exposures to the sovereign debt of one or more countries or otherwise adversely affect the Group&#146;s business, financial condition and results of operations. In addition, the process the Group uses to estimate losses inherent
in its credit exposure requires complex judgments, including forecasts of economic conditions and how these economic conditions might impair the ability of its borrowers to repay their loans. The degree of uncertainty concerning economic conditions
may adversely affect the accuracy of the Group&#146;s estimates, which may, in turn, affect the reliability of the process and the sufficiency of the Group&#146;s loan loss provisions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group faces, among others, the following economic risks: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">weak economic growth or recession in the countries where it operates; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">changes in the institutional environment in the countries where it operates could evolve into sudden and intense economic and/or regulatory downturns; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">deflation, mainly in Europe, or significant inflation, such as the significant inflation recently experienced by Venezuela and Argentina; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">changes in foreign exchange rates, such as the recent local currency devaluations in Venezuela and Argentina, as they result in changes in the reported earnings of the Group&#146;s subsidiaries outside the Eurozone, and
their assets, including their risk-weighted assets, and liabilities; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">a lower interest rate environment, even a prolonged period of negative interest rates in some areas where the Bank operates, which could lead to decreased lending margins and lower returns on assets; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">a higher interest rate environment, including as a result of an increase in interest rates by the Federal Reserve or any further tightening of monetary policies, including to address inflationary pressures and currency
devaluations in Latin America, which could endanger a still tepid and fragile economic recovery and make it more difficult for customers of the Group&#146;s mortgage and consumer loan products to service their debts; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">adverse developments in the real estate market, especially in Spain, Mexico, the United States and Turkey, given the Group&#146;s exposures to such markets; </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:Times New Roman" ALIGN="center">11 </P>


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<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">poor employment growth and structural challenges restricting employment growth, such as in Spain, where unemployment has remained relatively high, which may negatively affect the household income levels of the
Group&#146;s retail customers and may adversely affect the recoverability of the Group&#146;s retail loans, resulting in increased loan loss provisions; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">lower oil prices, which could particularly affect producing areas, such as Venezuela, Mexico, Texas or Colombia, to which the Group is materially exposed; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">changes in laws, regulations and policies as a result of election processes in the different geographies in which the Group operates, including Spain, the Spanish region of Catalonia and the United States, which may
negatively affect the Group&#146;s business or customers in those geographies and other geographies in which the Group operates; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the potential exit by an EU Member State from the European Monetary Union (&#147;<B>EMU</B>&#148;), which could materially adversely affect the European and global economy, cause a redenomination of financial
instruments or other contractual obligations from the euro to a different currency and substantially disrupt capital, interbank, banking and other markets, among other effects; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the possible political, economic and regulatory impacts in the United Kingdom and the European Union (&#147;<B>EU</B>&#148;) derived from the outcome of the referendum held in the United Kingdom on June&nbsp;23, 2016,
which resulted in a vote in favor of the United Kingdom leaving the EU. The possible impact of the United Kingdom exiting the EU could include, among other things, political instability in the United Kingdom, the EU as a whole, or countries forming
part of the EU; regulatory changes in the United Kingdom and/or in the EU; economic slowdown in the United Kingdom, in the EU and/or outside the EU; deterioration of the creditworthiness of borrowers based in or related to the United Kingdom; and
volatility in financial markets which could limit or condition BBVA&#146;s or any other issuer&#146;s access to capital markets, all of which may arise regardless of the uncertainty as to the timing and duration of the exit process; and
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">an eventual government default on public debt, which could affect the Group primarily in two ways: directly, through portfolio losses, and indirectly, through instabilities that a default in public debt could cause to
the banking system as a whole, particularly since commercial banks&#146; exposure to government debt is generally high in several countries in which the Group operates. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For additional information relating to certain economic risks that the Group faces in Spain, see &#147;<I>&#151;</I><I></I><I>&nbsp;Since the
Group&#146;s loan portfolio is highly concentrated in Spain, adverse changes affecting the Spanish economy could have a material adverse effect on its financial condition</I>.&#148; For additional information relating to certain economic risks that
the Group faces in emerging market economies such as Latin America and Turkey, see &#147;<I>&#151;</I><I></I><I>&nbsp;The Group may be materially adversely affected by developments in the emerging markets where it operates</I>.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any of the above risks could have a material adverse effect on the Group&#146;s business, financial condition and results of operations. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Since the Group&#146;s loan portfolio is highly concentrated in Spain, adverse changes affecting the Spanish economy could have a material adverse
effect on its financial condition </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Group has historically developed its lending business in Spain, which continues to be one of
the main focuses of its business. The Group&#146;s loan portfolio in Spain has been adversely affected by the deterioration of the Spanish economy since 2009. After rapid economic growth until 2007, Spanish gross domestic product
(&#147;<B>GDP</B>&#148;) contracted in the period <FONT STYLE="white-space:nowrap">2009-10</FONT> and <FONT STYLE="white-space:nowrap">2012-13.</FONT> The effects of the financial crisis were particularly pronounced in Spain given its heightened
need for foreign financing as reflected by its high current account deficit, resulting from the gap between domestic investment and savings, and its public deficit. The current account imbalance has been corrected and the public deficit is in a
downward trend, with GDP growth above 3% in 2015 and 2016 and unemployment falling below 20% in 2016. However, real or perceived difficulties in servicing public or private debt, triggered by foreign or domestic factors such as an increase in global
financial risk or a decrease in the rate of domestic growth, could increase Spain&#146;s financing costs, hindering economic growth, employment and households&#146; gross disposable income. </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:Times New Roman" ALIGN="center">12 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Spanish economy is particularly sensitive to economic conditions in the Eurozone, the main
market for Spanish goods and services exports. Accordingly, an interruption in the recovery in the Eurozone might have an adverse effect on Spanish economic growth. Given the relevance of the Group&#146;s loan portfolio in Spain, any adverse changes
affecting the Spanish economy could have a material adverse effect on the Group&#146;s business, financial condition and results of operations. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Any
decline in the Kingdom of Spain&#146;s sovereign credit ratings could adversely affect the Group&#146;s business, financial condition and results of operations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Since the Bank is a Spanish company with substantial operations in Spain, its credit ratings may be adversely affected by the assessment by
rating agencies of the creditworthiness of the Kingdom of Spain. As a result, any decline in the Kingdom of Spain&#146;s sovereign credit ratings could result in a decline in the Bank&#146;s credit ratings. In addition, the Group holds a substantial
amount of securities issued by the Kingdom of Spain, autonomous communities within Spain and other Spanish issuers. Any decline in the Kingdom of Spain&#146;s credit ratings could adversely affect the value of the Kingdom of Spain&#146;s and other
public or private Spanish issuers&#146; respective securities held by the Group in its various portfolios or otherwise materially adversely affect the Group&#146;s business, financial condition and results of operations. Furthermore, the
counterparties to many of the Group&#146;s loan agreements could be similarly affected by any decline in the Kingdom of Spain&#146;s credit ratings, which could limit their ability to raise additional capital or otherwise adversely affect their
ability to repay their outstanding commitments to the Group and, in turn, materially and adversely affect the Group&#146;s business, financial condition and results of operations. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>The Group may be materially adversely affected by developments in the emerging markets where it operates </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The economies of some of the emerging markets where the Group operates, mainly Latin America and Turkey, experienced significant volatility in
recent decades, characterized, in some cases, by slow or declining growth, declining investment and hyperinflation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Emerging markets are
generally subject to greater risks than more developed markets. For example, there is typically a greater risk of loss from unfavorable political and economic developments, social and geopolitical instability, and changes in governmental policies,
including expropriation, nationalization, international ownership legislation, interest-rate caps and tax policies, and political unrest, such as the attempted coup in Turkey on July&nbsp;15, 2016 and state of emergency entitling the exercise of
additional powers by the Turkish government first declared on July&nbsp;20, 2016. In addition, these emerging markets are affected by conditions in other related markets and in global financial markets generally and some are particularly affected by
commodities price fluctuations, which in turn may affect financial market conditions through exchange rate fluctuations, interest rate volatility and deposits volatility. As a global economic recovery remains fragile, there are risks of
deterioration. If the global economic conditions deteriorate, the business, financial condition, operating results and cash flows of the Bank&#146;s subsidiaries in emerging economies, mainly in Latin America and Turkey, may be materially adversely
affected. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Furthermore, financial turmoil in any particular emerging market could negatively affect other emerging markets or the global
economy in general. Financial turmoil in emerging markets tends to adversely affect stock prices and debt securities prices of other emerging markets as investors move their money to more stable and developed markets, and may reduce liquidity to
companies located in the affected markets. An increase in the perceived risks associated with investing in emerging economies in general, or the emerging market economies where the Group operates in particular, could dampen capital flows to such
economies and adversely affect such economies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, any changes in laws, regulations and policies pursued by the incoming U.S.
Government may adversely affect the emerging markets in which the Group operates, particularly Mexico due to the trade and other ties between Mexico and the United States. </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:Times New Roman" ALIGN="center">13 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If economic conditions in the emerging market economies where the Group operates deteriorate, the
Group&#146;s business, financial condition and results of operations could be materially adversely affected. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>The Group&#146;s earnings and
financial condition have been, and its future earnings and financial condition may continue to be, materially affected by depressed asset valuations resulting from poor market conditions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Severe market events such as the past sovereign debt crisis, rising risk premiums and falls in share market prices, have resulted in the Group
recording large write-downs on its credit market exposures in recent years. Several factors could further depress the valuation of our assets. Current political processes such as the implementation of the &#147;Brexit&#148; referendum for the United
Kingdom to leave the European Union, the surge of populist trends in several European countries or potential changes in U.S. economic policies implemented by the new administration, could increase global financial volatility and lead to the
reallocation of assets. Doubts on the asset quality of European banks have also affected their evolution in the market during 2016 and such doubts might remain in 2017. In addition, uncertainty about China&#146;s growth expectations and its
policymaking capability to address certain severe future challenges has recently resulted in sudden and intense deterioration of the valuation of global assets and further increased volatility in the global financial markets. Additionally, in
dislocated markets, hedging and other risk management strategies may not be as effective as they are in more normal market conditions due in part to the decreasing credit quality of hedge counterparties. Any deterioration in economic and financial
market conditions could lead to further impairment charges and write-downs. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Exposure to the real estate market makes the Group vulnerable to
developments in this market </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Group has substantial exposure to the real estate market, mainly in Spain, Mexico and the United
States. The Group is exposed to the real estate market due to the fact that real estate assets secure many of its outstanding loans and due to the significant amount of real estate assets held on its balance sheet. Any deterioration of real estate
prices could materially and adversely affect the Group&#146;s business, financial condition and results of operations. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Legal, Regulatory and
Compliance Risks </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>The Group is subject to substantial regulation and regulatory and governmental oversight. Changes in the regulatory framework
could have a material adverse effect on its business, results of operations and financial condition </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The financial services
industry is among the most highly regulated industries in the world. In response to the global financial crisis and the European sovereign debt crisis, governments, regulatory authorities and others have made and continue to make proposals to reform
the regulatory framework for the financial services industry to enhance its resilience against future crises. Legislation has already been enacted and regulations issued in response to some of these proposals. The regulatory framework for financial
institutions is likely to undergo further significant change. This creates significant uncertainty for the Group and the financial industry in general. The wide range of recent actions or current proposals includes, among other things, provisions
for more stringent regulatory capital and liquidity standards, restrictions on compensation practices, special bank levies and financial transaction taxes, recovery and resolution powers to intervene in a crisis including <FONT
STYLE="white-space:nowrap">&#147;bail-in&#148;</FONT> of creditors, separation of certain businesses from deposit taking, stress testing and capital planning regimes, heightened reporting requirements and reforms of derivatives, other financial
instruments, investment products and market infrastructures. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, the new institutional structure in Europe for supervision, with
the creation of the single supervisor, and for resolution, with the single resolution mechanism, is changing the supervisory landscape. The specific effects of a number of new laws and regulations remain uncertain because the drafting and
implementation of these laws and regulations are still ongoing. In addition, since some of these laws and regulations have been recently adopted, the manner in which they are applied to the operations of financial institutions is still evolving. No
assurance can be given that laws or regulations will be enforced or interpreted in a manner that will not have a material adverse effect on the Group&#146;s business, financial condition, results of operations and cash flows. In addition, regulatory
scrutiny under existing laws and regulations has become more intense. </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:Times New Roman" ALIGN="center">14 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Furthermore, regulatory and supervisory authorities have substantial discretion in how to
regulate and supervise banks, and this discretion, and the means available to regulators and supervisors, have been steadily increasing during recent years. Regulation may be imposed on an ad hoc basis by governments and regulators in response to a
crisis, and these may especially affect financial institutions that are deemed to be systemically important (including institutions deemed to be of local systemic importance, domestic systemically important banks or &#147;<B><FONT
STYLE="white-space:nowrap">D-SIBs</FONT></B>&#148;, such as the Bank). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, local regulations in certain jurisdictions where the
Group operates differ in a number of material respects from equivalent regulations in Spain or the United States. Changes in regulations may have a material adverse effect on the Group&#146;s business, results of operations and financial condition,
particularly in Mexico, the United States, Venezuela, Argentina and Turkey. Furthermore, regulatory fragmentation, with some countries implementing new and more stringent standards or regulation, could adversely affect the Group&#146;s ability to
compete with financial institutions based in other jurisdictions which do not need to comply with such new standards or regulation. In addition, financial institutions which are based in other jurisdictions, including the United States, could
benefit from any deregulation efforts implemented in such jurisdictions. Moreover, to the extent recently adopted regulations are implemented inconsistently in the various jurisdictions in which the Group operates, the Group may face higher
compliance costs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any required changes to the Group&#146;s business operations resulting from the legislation and regulations applicable
to such business could result in significant loss of revenue, limit the Group&#146;s ability to pursue business opportunities in which the Group might otherwise consider engaging, affect the value of assets that the Group holds, require the Group to
increase its prices and therefore reduce demand for its products, impose additional costs on the Group or otherwise adversely affect the Group&#146;s businesses. For example, the Group is subject to substantial regulation relating to liquidity.
Future liquidity standards could require it to maintain a greater proportion of its assets in highly liquid but lower-yielding financial instruments, which would negatively affect its net interest margin. Moreover, the Group&#146;s regulators, as
part of their supervisory function, periodically review the Group&#146;s allowance for loan losses. Such regulators may require the Group to increase its allowance for loan losses or to recognize further losses. Any such additional provisions for
loan losses, as required by these regulatory agencies whose views may differ from those of the Group&#146;s management, could have an adverse effect on the Group&#146;s earnings and financial condition. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Adverse regulatory developments or changes in government policy relating to any of the foregoing or other matters could have a material
adverse effect on the Group&#146;s business, results of operations and financial condition. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Increasingly onerous capital
requirements may have a material adverse effect on the Bank&#146;s business, financial condition and results of operations </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a
Spanish credit institution, the Bank is subject to Directive 2013/36/EU of the European Parliament and of the Council of June&nbsp;26, 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and
investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (the &#147;<B>CRD IV Directive</B>&#148;), through which the EU began implementing the Basel III capital reforms, with effect from January&nbsp;1,
2014, with certain requirements in the process of being phased in until January&nbsp;1, 2019. The core regulation regarding the solvency of credit entities is Regulation (EU) No.&nbsp;575/2013 of the European Parliament and of the Council of
June&nbsp;26, 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No.&nbsp;648/2012 (the &#147;<B>CRR</B>&#148; and, together with the CRD IV Directive and any measures implementing the CRD IV
Directive or the CRR which may from time to time be introduced in Spain, &#147;<B>CRD IV</B>&#148;), which is complemented by several binding regulatory technical standards, all of which are directly applicable in all EU Member States, without the
need for national implementation measures. The implementation of CRD IV Directive into Spanish law has taken place through Royal <FONT STYLE="white-space:nowrap">Decree-Law</FONT> 14/2013 of November&nbsp;29
(&#147;<B><FONT STYLE="white-space:nowrap">RD-L</FONT> 14/2013</B>&#148;), Law 10/2014 of June&nbsp;26, on the organization, supervision and solvency of credit institutions (&#147;<B>Law 10/2014</B>&#148;), Royal Decree 84/2015, of February&nbsp;13
(&#147;<B>RD 84/2015</B>&#148;), Bank of Spain Circular 2/2014, of January&nbsp;31 and Bank of Spain Circular 2/2016 of February&nbsp;2 (the &#147;<B>Bank of Spain Circular 2/2016</B>&#148;). On November&nbsp;23, 2016, the European Commission
published a package of proposals with further reforms to CRD IV, Directive 2014/59/EU of May&nbsp;15 establishing a framework for the recovery and resolution of credit institutions and investment firms (the &#147;<B>BRRD</B>&#148;) and Regulation
(EU) No.&nbsp;806/2014 of the European Parliament and the Council of the European Union </P>
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(the &#147;<B>SRM Regulation</B>&#148;) (the &#147;<B>EU Banking Reforms</B>&#148;), including measures to increase the resilience of EU institutions and enhance financial stability. The timing
for the final implementation of these reforms as at the date of this Annual Report is unclear. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">CRD IV has, among other things,
established minimum &#147;Pillar 1&#148; capital requirements and increased the level of capital required by means of a &#147;combined buffer requirement&#148; that entities must comply with from 2016 onwards. The &#147;combined buffer
requirement&#148; has introduced five new capital buffers: (i)&nbsp;the capital conservation buffer, (ii)&nbsp;the global systemically important institutions buffer (the &#147;<B><FONT STYLE="white-space:nowrap">G-SIB</FONT> buffer</B>&#148;), (iii)
the institution-specific countercyclical buffer, (iv)&nbsp;the other systemically important institutions buffer (the &#147;<B><FONT STYLE="white-space:nowrap">D-SIB</FONT> buffer</B>&#148;) and (v)&nbsp;the systemic risk buffer. The &#147;combined
buffer requirement&#148; applies in addition to the minimum &#147;Pillar 1&#148; capital requirements and is required to be satisfied with Common Equity Tier 1 (&#147;<B>CET1</B>&#148;) capital. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The <FONT STYLE="white-space:nowrap">G-SIB</FONT> buffer applies to those institutions included on the list of global systemically important
banks (&#147;<B><FONT STYLE="white-space:nowrap">G-SIBs</FONT></B>&#148;), which is updated annually by the Financial Stability Board (the &#147;<B>FSB</B>&#148;). The Bank has been excluded from this list with effect from January&nbsp;1, 2017 and
so, unless otherwise indicated by the FSB (or the Bank of Spain) in the future, it will no longer be required to maintain a <FONT STYLE="white-space:nowrap">G-SIB</FONT> buffer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Bank of Spain announced on November&nbsp;7, 2016 that the Bank will continue to be considered a
<FONT STYLE="white-space:nowrap">D-SIB,</FONT> and consequently the Bank will be required to maintain during 2017 a <FONT STYLE="white-space:nowrap">D-SIB</FONT> buffer of a CET1 capital ratio of 0.75% on a consolidated basis. The <FONT
STYLE="white-space:nowrap">D-SIB</FONT> buffer is being <FONT STYLE="white-space:nowrap">phased-in</FONT> from January&nbsp;1, 2016 to January&nbsp;1, 2019, with the result that the <FONT STYLE="white-space:nowrap">D-SIB</FONT> buffer applicable to
the Bank for 2017 is a CET1 capital ratio of 0.375% on a consolidated basis. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Bank of Spain has greater discretion in relation to the
institution-specific countercyclical buffer, the buffer for D-SIBs and the systemic risk buffer (a buffer to prevent systemic or macro prudential risks). With the entry into force of the Single Supervisory Mechanism (the &#147;<B>SSM</B>&#148;) on
November 4, 2014, the ECB also has the ability to provide certain recommendations in this respect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Bank of Spain agreed in December
2015 to set the countercyclical capital buffer applicable to credit exposures in Spain at 0% from January&nbsp;1, 2016. These percentages are revised each quarter and, accordingly, the Bank of Spain agreed in March 2017 to maintain the
countercyclical capital buffer at 0% for the second quarter of 2017. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Moreover, Article 104 of the CRD IV Directive, as implemented by
Article 68 of Law 10/2014, and similarly Article 16 of Council Regulation (EU) No.&nbsp;1024/2013 of October&nbsp;15, 2013 conferring specific tasks on the ECB concerning policies relating to the prudential supervision of credit institutions (the
&#147;<B>SSM Framework Regulation</B>&#148;), also contemplates that in addition to the minimum &#147;Pillar 1&#148; capital requirements and the combined buffer requirements, supervisory authorities may impose (above &#147;Pillar 1&#148;
requirements and below the combined buffer requirements) further &#147;Pillar 2&#148; capital requirements to cover other risks, including those not considered to be fully captured by the minimum &#147;own funds&#148; &#147;Pillar 1&#148;
requirements under CRD IV or to address macro-prudential considerations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In accordance with the SSM Framework Regulation, the ECB has
fully assumed its new supervisory responsibilities of BBVA and the Group within the SSM. The ECB is required under the SSM Framework Regulation to carry out a supervisory review and evaluation process (the &#147;<B>SREP</B>&#148;) of BBVA and the
Group at least on an annual basis. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition to the above, the European Banking Authority (the &#147;<B>EBA</B>&#148;) published on
December&nbsp;19, 2014 its final guidelines for common procedures and methodologies in respect of the SREP (the &#147;<B>EBA SREP Guidelines</B>&#148;). Included in this were the EBA&#146;s proposed guidelines for a common approach to determining
the amount and composition of additional &#147;Pillar 2&#148; own funds requirements to be implemented from January&nbsp;1, 2016. Under these guidelines, national supervisors should set a composition requirement for the &#147;Pillar 2&#148;
requirements to cover certain specified risks of at least 56% CET1 capital and at least 75% Tier 1 capital, as it has also been included in the EU Banking Reforms. The guidelines also contemplate that national supervisors should not set additional
own funds requirements in respect of risks which are already covered by the &#147;combined buffer requirement&#148; and/or additional macro-prudential requirements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any additional &#147;Pillar 2&#148; own funds requirement that may be imposed on the Bank and/or the Group by the ECB pursuant to the SREP
will require the Bank and/or the Group to hold capital levels above the minimum &#147;Pillar 1&#148; capital requirements. </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:Times New Roman" ALIGN="center">16 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the most recent SREP carried out by the ECB in 2016, the Bank has been informed by
the ECB that, effective from January&nbsp;1, 2017, it is required to maintain (i)&nbsp;a CET1 <FONT STYLE="white-space:nowrap">phased-in</FONT> capital ratio of 7.625% (on a consolidated basis) and 7.25% (on an individual basis); and (ii)&nbsp;a <FONT
STYLE="white-space:nowrap">phased-in</FONT> total capital ratio of 11.125% (on a consolidated basis) and 10.75% (on an individual basis). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This <FONT STYLE="white-space:nowrap">phased-in</FONT> total capital ratio of 11.125&nbsp;% on a consolidated basis includes (i)&nbsp;the
minimum CET1 capital ratio required under &#147;Pillar 1&#148; (4.5%); (ii) the &#147;Pillar 1&#148; Additional Tier 1 capital requirement (1.5%); (iii) the &#147;Pillar 1&#148; Tier 2 capital requirement (2.0%); (iv) the additional CET1 capital
requirement under &#147;Pillar 2&#148; (1.5%); (v) the capital conservation buffer (1.25% CET1); and (vi)&nbsp;the <FONT STYLE="white-space:nowrap">D-SIBs</FONT> buffer (0.375% CET1). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, the Bank&#146;s <FONT STYLE="white-space:nowrap">phased-in</FONT> total capital ratio was 15.14% on a
consolidated basis and 21.83% on an individual basis. As of December&nbsp;31, 2016, the Bank&#146;s CET1 <FONT STYLE="white-space:nowrap">phased-in</FONT> capital ratio was 12.18% on a consolidated basis and 17.56% on an individual basis. Such
ratios exceed the applicable regulatory requirements described above, but there can be no assurance that the total capital requirements imposed on the Bank and/or the Group from time to time may not be higher than the levels of capital available at
such point in time. There can also be no assurance as to the result of any future SREP carried out by the ECB and whether this will impose any further &#147;Pillar 2&#148; additional own funds requirements on the Bank and/or the Group. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The EU Banking Reforms propose new requirements that capital instruments should meet in order to be considered as Additional Tier 1
instruments or Tier 2 instruments. In accordance with the EU Banking Reforms, these new requirements are not subject to a grandfathering or exemption regime for currently issued Additional Tier 1 instruments and/or Tier 2 instruments. As a result,
such instruments could be subject to regulatory uncertainties on their eligibility as capital if the EU Banking Reforms are approved in the form in which they were originally published, which may lead to regulatory capital shortfalls and ultimately
a breach of the applicable minimum regulatory capital requirements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any failure by the Bank and/or the Group to maintain its &#147;Pillar
1&#148; minimum regulatory capital ratios, any &#147;Pillar 2&#148; additional own funds requirements and/or any &#147;combined buffer requirement&#148; could result in administrative actions or sanctions, which, in turn, may have a material adverse
effect on the Group&#146;s results of operations. In particular, any failure to maintain any additional capital requirements pursuant to the &#147;Pillar 2&#148; framework or any other capital requirements to which the Bank and/or the Group is or
becomes subject (including the &#147;combined buffer requirement&#148;), may result in the imposition of restrictions or prohibitions on &#147;discretionary payments&#148; by the Bank as discussed below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">According to Article 48 of Law 10/2014, Article 73 of RD 84/2015 and Rule 24 of Bank of Spain Circular 2/2016, any entity not meeting its
&#147;combined buffer requirement&#148; is required to determine its Maximum Distributable Amount (&#147;<B>MDA</B>&#148;) as described therein. Until the MDA has been calculated and communicated to the Bank of Spain, where applicable, the relevant
entity will be subject to restrictions on (i)&nbsp;distributions relating to CET1 capital, (ii)&nbsp;payments in respect of variable remuneration or discretionary pension revenues and (iii)&nbsp;distributions relating to Additional Tier 1
instruments (&#147;<B>discretionary payments</B>&#148;) and, thereafter, any such discretionary payments by that entity will be subject to such MDA limit. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Furthermore, as set forth in Article 48 of Law 10/2014, the adoption by the Bank of Spain of the measures prescribed in Articles 68.2.h) and
68.2.i) of Law 10/2014, aimed at strengthening own funds or limiting or prohibiting the distribution of dividends respectively will also restrict discretionary payments to such MDA. Pursuant to the EU Banking Reforms, MDA could also be affected by a
breach of MREL (as defined below) (see &#147;&#151;<I>&nbsp;Any failure by the Bank and/or the Group to comply with its minimum requirement for own funds and eligible liabilities (MREL) could have a material adverse effect on the Bank&#146;s
business, financial condition and results of operations.&#148;</I> below). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As set out in the &#147;Opinion of the European Banking
Authority on the interaction of Pillar 1, Pillar 2 and combined buffer requirements and restrictions on distributions&#148; published on December&nbsp;16, 2015 (the &#147;<B>December 2015 EBA Opinion</B>&#148;), in the EBA&#146;s opinion competent
authorities should ensure that the CET1 capital to be taken into account in determining the CET1 capital available to meet the &#147;combined buffer requirement&#148; for the purposes of the MDA calculation is limited to the amount not used to meet
the &#147;Pillar 1&#148; and, if applicable, &#147;Pillar 2&#148; own </P>
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funds requirements of the institution. In addition, the December 2015 EBA Opinion advises the European Commission (i)&nbsp;to review Article 141 of the CRD IV Directive with a view to avoiding
differing interpretations of Article 141(6) and ensure greater consistency between the maximum distributable amount framework and the capital stacking order described in the opinion and in the EBA SREP Guidelines by which the &#147;Pillar 1&#148;
and, if applicable, &#147;Pillar 2&#148; capital requirements represent the minimum capital to be preserved at all times by an institution and it is only the CET1 capital of that institution not used to meet its &#147;Pillar 1&#148; and, if
applicable, &#147;Pillar 2&#148; requirements that is then available to meet the &#147;combined buffer requirement&#148; of the institution and (ii)&nbsp;to review the prohibition on distributions in all circumstances where an institution fails to
meet the &#147;combined buffer requirement&#148; and no profits are made in any given year, notably insofar as it relates to Additional Tier 1 instruments. There can be no assurance as to how and when binding effect will be given to the December
2015 EBA Opinion in Spain, including as to the consequences for an institution of its capital levels falling below those necessary to meet these requirements. The EU Banking Reforms propose certain amendments in order to clarify, for the purposes of
restrictions on distributions, the hierarchy between the &#147;Pillar 2&#148; additional own funds requirements, the minimum &#147;own funds&#148; &#147;Pillar 1&#148; requirements, the own funds and eligible liabilities requirement, MREL
requirements and the &#147;combined buffer requirements&#148; (which is referred to as &#147;stacking order&#148;). Furthermore, pursuant to the EU Banking Reforms, an institution would not be entitled to make distributions relating to CET1 capital
or payments in respect of variable remuneration or discretionary pension revenues, before having made the payments due on Additional Tier 1 instruments. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On July 1, 2016, the EBA published additional information explaining how supervisors intend to use the results of an EU-wide stress test for
SREP in 2016 (which results were published on July 29, 2016). The EBA stated, among other things, that the incorporation of the quantitative results of the EU-wide stress test into SREP assessments may include setting additional supervisory
monitoring metrics in the form of capital guidance. Such guidance will not be included in MDA calculations but competent authorities would expect banks to meet that guidance except when explicitly agreed. Competent authorities have remedial tools if
an institution refuses to follow such guidance. The EU Banking Reforms also propose that a distinction be made between &#147;Pillar 2&#148; capital requirements and guidance, with only the former being mandatory requirements. Notwithstanding the
foregoing, the EU Banking Reforms propose that supervisory authorities be entitled to impose further &#147;Pillar 2&#148; capital requirements where an institution repeatedly fails to follow the guidance previously imposed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The ECB has also set out in its recommendation of December&nbsp;13, 2016 on dividend distribution policies that credit institutions should
establish dividend policies using conservative and prudent assumptions in order, after any distribution, to satisfy the applicable capital requirements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any failure by the Bank and/or the Group to comply with its regulatory capital requirements could also result in the imposition of further
&#147;Pillar 2&#148; requirements and the adoption of any early intervention or, ultimately, resolution measures by resolution authorities pursuant to Law 11/2015 of June&nbsp;18 on the Recovery and Resolution of Credit Institutions and Investment
Firms (<I>Ley 11/2015 de 18 de junio de recuperaci&oacute;n y resoluci&oacute;n de entidades de cr&eacute;dito y empresas de servicios de inversi&oacute;n</I>), as amended, replaced or supplemented from time to time (&#147;<B>Law 11/2015</B>&#148;),
which, together with Royal Decree 1012/2015 of November&nbsp;6 by virtue of which Law 11/2015 is developed and Royal Decree 2606/1996 of December&nbsp;20 on credit entities&#146; deposit guarantee fund is amended (&#147;<B>RD 1012/2015</B>&#148;),
has implemented the BRRD into Spanish law. See <I>&#147;&#151;</I><I></I><I><FONT STYLE="white-space:nowrap">&nbsp;Bail-in</FONT> and write-down powers under the BRRD may adversely affect our business and the value of any securities we may
issue&#148;</I> below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">At its meeting of January&nbsp;12, 2014, the oversight body of the Basel Committee on Banking Supervision
(&#147;<B>BCBS</B>&#148;) endorsed the definition of the leverage ratio set forth in CRD IV, to promote consistent disclosure, which applied from January&nbsp;1, 2015. There will be a mandatory minimum capital requirement on January&nbsp;1, 2018,
with an initial minimum leverage ratio of 3% that can be raised after calibration. The proposed revisions to the design and calibration of the leverage ratio were set out in the BCBS April 2016 consultation paper entitled &#147;Revisions to the
Basel III leverage ratio framework&#148;. The consultation period ended on July&nbsp;6, 2016, and BCBS shall finalize the calibration of the leverage ratio for it to be implemented by January&nbsp;1, 2018. The EU Banking Reforms propose a binding
leverage ratio requirement of 3% of Tier 1 capital that is added to an institution&#146;s own funds requirements and that an institution must meet in addition to its risk based requirements. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Basel III implementation differs across jurisdictions in terms of timing and applicable rules.
This lack of uniformity among implemented rules may lead to an uneven playing field and to competition distortions. Moreover, the lack of regulatory coordination, with some countries bringing forward the application of Basel III requirements or
increasing such requirements, could adversely affect a bank with global operations such as the Bank and could undermine its profitability. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There can be no assurance that the implementation of the above capital requirements will not adversely affect the Bank&#146;s ability to pay
&#147;discretionary payments&#148; or result in the cancellation of such payments (in whole or in part), or require the Bank to issue additional securities that qualify as regulatory capital, to liquidate assets, to curtail business or to take any
other actions, any of which may have adverse effects on the Bank&#146;s business, financial condition and results of operations. Furthermore, increased capital requirements may negatively affect the Bank&#146;s return on equity and other financial
performance indicators. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I><FONT STYLE="white-space:nowrap">Bail-in</FONT> and write-down powers under the BRRD may adversely affect our business and
the value of any securities we may issue </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The BRRD (which has been implemented in Spain through Law 11/2015 and RD 1012/2015) is
designed to provide authorities with a credible set of tools to intervene sufficiently early and quickly in unsound or failing credit institutions or investment firms (each, an &#147;<B>institution</B>&#148;) so as to ensure the continuity of the
institution&#146;s critical financial and economic functions, while minimizing the impact of an institution&#146;s failure on the economy and financial system. The BRRD further provides that any extraordinary public financial support through
additional financial stabilization tools is only to be used by a Member State as a last resort, after having assessed and exploited the below resolution tools to the maximum extent possible while maintaining financial stability. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In accordance with Article 20 of Law 11/2015, an institution will be considered as failing or likely to fail in any of the following
circumstances: (i)&nbsp;it is, or is likely in the near future to be, in significant breach of its solvency or any other requirements necessary for maintaining its authorization; (ii)&nbsp;its assets are, or are likely in the near future to be, less
than its liabilities; (iii)&nbsp;it is, or is likely in the near future to be, unable to pay its debts as they fall due; or (iv)&nbsp;it requires extraordinary public financial support (except in limited circumstances). The determination that an
institution is no longer viable may depend on a number of factors which may be outside of that institution&#146;s control. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As provided in
the BRRD, Law 11/2015 contains four resolution tools and powers which may be used alone or in combination where the Fund for Orderly Bank Restructuring (<I>Fondo de Restructuraci&oacute;n Ordenada Bancaria</I>) (the &#147;<B>FROB</B>&#148;), the
Single Resolution Mechanism (&#147;<B>SRM</B>&#148;) or, as the case may be and according to Law 11/2015, the Bank of Spain or the Spanish Securities Market Commission or any other entity with the authority to exercise any such tools and powers from
time to time (each, a &#147;<B>Relevant Spanish Resolution Authority</B>&#148;) as appropriate, considers that (a)&nbsp;an institution is failing or likely to fail, (b)&nbsp;there is no reasonable prospect that any alternative private sector
measures would prevent the failure of such institution within a reasonable timeframe and (c)&nbsp;a resolution action is in the public interest. The four resolution tools are (i)&nbsp;sale of business, which enables resolution authorities to direct
the sale of the institution or the whole or part of its business on commercial terms; (ii)&nbsp;bridge institution, which enables resolution authorities to transfer all or part of the business of the institution to a &#147;bridge institution&#148;
(an entity created for this purpose that is wholly or partially in public control), which may limit the capacity of the institution to meet its repayment obligations; (iii)&nbsp;asset separation, which enables resolution authorities to transfer
impaired or problem assets to one or more asset management vehicles to allow them to be managed with a view to maximizing their value through eventual sale or orderly wind-down (this can be used together with another resolution tool only); and <FONT
STYLE="white-space:nowrap">(iv)&nbsp;bail-in,</FONT> by which the Relevant Spanish Resolution Authority may exercise the Spanish <FONT STYLE="white-space:nowrap">Bail-in</FONT> Power (as defined below). This includes the ability of the Relevant
Spanish Resolution Authority to write down and/or convert into equity or other securities or obligations (which equity, securities and obligations could also be subject to any future application of the Spanish
<FONT STYLE="white-space:nowrap">Bail-in</FONT> Power) any obligation of an institution. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The &#147;<B>Spanish <FONT
STYLE="white-space:nowrap">Bail-in</FONT> Power</B>&#148; is any write-down, conversion, transfer, modification or suspension power existing from time to time under, and exercised in compliance with, any laws, regulations, rules or requirements in
effect in Spain, relating to the transposition of the BRRD, as amended from time to time, including but not limited to (i)&nbsp;Law 11/2015, as amended from time to time; (ii)&nbsp;RD 1012/2015, as amended from time to time; (iii)&nbsp;the SRM
</P>
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Regulation, as amended from time to time; and (iv)&nbsp;any other instruments, rules or standards made in connection with either (i), (ii) or (iii), pursuant to which any obligation of an
institution can be reduced (which may result in the reduction of the relevant claim to zero), cancelled, modified, transferred or converted into shares, other securities, or other obligations of such institution or any other person (or suspended for
a temporary period). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In accordance with Article 48 of Law 11/2015 (and subject to any exclusions that may be applied by the Relevant
Spanish Resolution Authority under Article 43 of Law 11/2015), in the case of any application of the Spanish <FONT STYLE="white-space:nowrap">Bail-in</FONT> Power, the sequence of any resulting write-down or conversion by the Relevant Spanish
Resolution Authority shall be in the following order: (i)&nbsp;CET1 instruments; (ii)&nbsp;Additional Tier 1 instruments; (iii)&nbsp;Tier 2 instruments; (iv)&nbsp;other subordinated claims that do not qualify as Additional Tier 1 capital or Tier 2
capital; and (v)&nbsp;the eligible senior claims prescribed in Article 41 of Law 11/2015. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition to the Spanish <FONT
STYLE="white-space:nowrap">Bail-in</FONT> Power, the BRRD and Law 11/2015 provide for resolution authorities to have the further power to permanently write-down or convert into equity capital instruments at the point of <FONT
STYLE="white-space:nowrap">non-viability</FONT> (&#147;<B><FONT STYLE="white-space:nowrap">Non-Viability</FONT> Loss Absorption</B>&#148;) of an institution or a group. The point of <FONT STYLE="white-space:nowrap">non-viability</FONT> of an
institution is the point at which the Relevant Spanish Resolution Authority determines that the institution meets the conditions for resolution or will no longer be viable unless the relevant capital instruments are written down or converted into
equity or extraordinary public support is to be provided and without such support the Relevant Spanish Resolution Authority determines that the institution would no longer be viable. The point of <FONT STYLE="white-space:nowrap">non-viability</FONT>
of a group is the point at which the group infringes or there are objective elements to support a determination that the group, in the near future, will infringe its consolidated solvency requirements in a way that would justify action by the
Relevant Spanish Resolution Authority in accordance with article 38.3 of Law 11/2015. <FONT STYLE="white-space:nowrap">Non-Viability</FONT> Loss Absorption may be imposed prior to or in combination with any exercise of the Spanish <FONT
STYLE="white-space:nowrap">Bail-in</FONT> Power or any other resolution tool or power (where the conditions for resolution referred to above are met). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any application of the Spanish <FONT STYLE="white-space:nowrap">Bail-in</FONT> Power or <FONT STYLE="white-space:nowrap">Non-Viability</FONT>
Loss Absorption under the BRRD shall be in accordance with the hierarchy of claims in normal insolvency proceedings (unless otherwise provided by the laws, regulations, requirements, guidelines and policies relating to capital adequacy, resolution
and/or solvency then applicable to the Bank and/or the Group, including, without limitation to the generality of the foregoing, CRD IV, the BRRD and those regulations, requirements, guidelines and policies relating to capital adequacy, resolution
and/or solvency then in effect in Spain (whether or not such requirements, guidelines or policies have the force of law and whether or not they are applied generally or specifically to the Bank and/or the Group)). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">To the extent that any resulting treatment of a holder of the Bank&#146;s securities pursuant to the exercise of the Spanish Bail-in Power or
Non-Viability Loss Absorption is less favorable than would have been the case under such hierarchy in normal insolvency proceedings, a holder of such affected securities would have a right to compensation under the BRRD based on an independent
valuation of the institution. Any such compensation is unlikely to compensate that holder for the losses it has actually incurred and there is likely to be a considerable delay in the recovery of such compensation. Compensation payments (if any) are
also likely to be made considerably later than when amounts may otherwise have been due under the affected securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The powers set out
in the BRRD as implemented through Law 11/2015 and RD 1012/2015 impact how credit institutions and investment firms are managed, as well as, in certain circumstances, the rights of creditors. Pursuant to Law 11/2015, holders of, among others,
unsecured debt securities, subordinated obligations and shares issued by us may be subject to, among other things, a write-down and/or conversion into equity or other securities or obligations on any application of the Spanish Bail-in Power and in
the case of capital instruments may also be subject to any Non-Viability Loss Absorption. The exercise of any such powers (or any of the other resolution powers and tools) may result in such holders of such securities losing some or all of their
investment or otherwise having their rights under such securities adversely affected. Such exercise could also involve modifications to, or the disapplication of, provisions in the terms and conditions of certain securities including alteration of
the principal amount or any interest payable on debt instruments, the maturity date or any other dates on which payments may be due, as well as the suspension of payments for a certain period. As a result, the exercise of the Spanish Bail-in Power
or, where applicable, the <FONT STYLE="white-space:nowrap">Non-Viability</FONT> Loss Absorption with respect to such securities or the taking by an authority of any other action, or any suggestion that the exercise or taking of any such action may
happen, could materially adversely affect the rights of holders of such securities, the market price or value or trading behavior of our securities and/or the ability of the Bank to satisfy its obligations under any such securities. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The exercise of the Spanish <FONT STYLE="white-space:nowrap">Bail-in</FONT> Power and/or <FONT
STYLE="white-space:nowrap">Non-Viability</FONT> Loss Absorption by the Relevant Spanish Resolution Authority is likely to be inherently unpredictable and may depend on a number of factors which may also be outside of the Bank&#146;s control. In
addition, as the Relevant Spanish Resolution Authority will retain an element of discretion, holders of such securities may not be able to refer to publicly available criteria in order to anticipate any potential exercise of any such Spanish <FONT
STYLE="white-space:nowrap">Bail-in</FONT> Power and/or <FONT STYLE="white-space:nowrap">Non-Viability</FONT> Loss Absorption. Because of this inherent uncertainty, it will be difficult to predict when, if at all, the exercise of any such powers by
the Relevant Spanish Resolution Authority may occur. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This uncertainty may adversely affect the value of the unsecured debt securities,
subordinated obligations and shares issued by us. The price and trading behavior of such securities may be affected by the threat of a possible exercise of any power under Law 11/2015 (including any early intervention measure before any resolution)
or any suggestion of such exercise, even if the likelihood of such exercise is remote. Moreover, the Relevant Spanish Resolution Authority may exercise any such powers without providing any advance notice to the holders of affected securities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, the EBA&#146;s preparation of certain regulatory technical standards and implementing technical standards to be adopted by the
European Commission and certain other guidelines is pending. These acts could be potentially relevant to determining when or how a Relevant Spanish Resolution Authority may exercise the Spanish <FONT STYLE="white-space:nowrap">Bail-in</FONT> Power.
The pending acts include guidelines on the treatment of shareholders in <FONT STYLE="white-space:nowrap">bail-in</FONT> or the write-down and conversion of capital instruments, and on the rate of conversion of debt to equity or other securities or
obligations in any <FONT STYLE="white-space:nowrap">bail-in.</FONT> No assurance can be given that, once adopted, these standards will not be detrimental to the rights under, and the value of unsecured debt securities, subordinated obligations and
shares issued by us. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Any failure by the Bank and/or the Group to comply with its minimum requirement for own funds and eligible
liabilities (MREL) could have a material adverse effect on the Bank&#146;s business, financial condition and results of operations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The BRRD prescribes that banks shall hold a minimum level of own funds and eligible liabilities in relation to total liabilities
(&#147;<B>MREL</B>&#148;). According to Commission Delegated Regulation (EU) 2016/1450 of May 23, 2016 (the &#147;<B>MREL Delegated Regulation</B>&#148;), the level of own funds and eligible liabilities required under MREL will be set by the
resolution authority for each bank (and/or group) based on, among other things, the criteria set forth in Article 45.6 of the BRRD, including the systemic importance of the institution. Eligible liabilities may be senior or subordinated, provided
that, among other requirements, they have a remaining maturity of at least one year and, if governed by a non-EU law, they must be able to be written down or converted by the resolution authority of a Member State under that law or through
contractual provisions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The MREL requirement came into force on January&nbsp;1, 2016. However, the EBA has recognized the impact which
this requirement may have on banks&#146; funding structures and costs, and the MREL Delegated Regulation states that the resolution authorities shall determine an appropriate transitional period but that this shall be as short as possible. As part
of the EU Banking Reforms, the European Commission published on November&nbsp;23, 2016 a Proposal for a Directive of the European Parliament and the Council on amendments to the BRRD as regards the ranking of unsecured debt instruments in the
insolvency hierarchy (the &#147;<B>MREL Proposal</B>&#148;). The MREL Proposal proposes to harmonize national laws on recovery and resolution of credit institutions and investment firms, in particular as regards their loss-absorbency and
recapitalization capacity in resolution, and proposes the creation of a new asset class of <FONT STYLE="white-space:nowrap">&#147;non-preferred&#148;</FONT> senior debt that should only be <FONT STYLE="white-space:nowrap">bailed-in</FONT> after
other capital instruments but before other senior liabilities. The MREL Proposal anticipates that Member States will transpose the proposed amendments into the BRRD in their national laws by approximately June 2017 and that banks to which the
amendments apply will have to comply with the amended rules by approximately July 2017. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The EU Banking Reforms establish the new
conditions that would need to be met by an instrument so that it can be considered as an eligible liability and which would then be used to comply with MREL requirements. In addition, the EU Banking Reforms establish some exemptions which could
allow outstanding senior debt </P>
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instruments to be used to comply with MREL requirements. However, there is uncertainty regarding the final form of the EU Banking Reforms insofar as such eligibility is concerned and how those
regulations and exemptions are to be interpreted and applied. This uncertainty may impact upon the ability of the Bank to comply with its MREL requirements (at both individual and consolidated levels) on due date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On November 9, 2015, the FSB published its final Total Loss-Absorbing Capacity (&#147;<B>TLAC</B>&#148;) Principles and Term Sheet (the
&#147;<B>TLAC Principles and Term Sheet</B>&#148;), proposing that G-SIBs maintain significant minimum amounts of liabilities that are subordinated (by law, contract or structurally) to certain prior-ranking liabilities, such as guaranteed insured
deposits, and forming a new standard for <FONT STYLE="white-space:nowrap">G-SIBs.</FONT> The TLAC Principles and Term Sheet contain a set of principles on loss-absorbing and recapitalization capacity of <FONT STYLE="white-space:nowrap">G-SIBs</FONT>
in resolution and a term sheet for the implementation of these principles in the form of an internationally agreed standard. The FSB will undertake a review of the technical implementation of the TLAC Principles and Term Sheet by the end of 2019.
The TLAC Principles and Term Sheet require a minimum TLAC requirement to be determined individually for each <FONT STYLE="white-space:nowrap">G-SIB</FONT> at the greater of (a) 16% of risk-weighted assets as of January&nbsp;1, 2019 and 18% as of
January&nbsp;1, 2022, and (b) 6% of the Basel III Tier 1 leverage ratio exposure measured as of January&nbsp;1, 2019, and 6.75% as of January&nbsp;1, 2022. The Bank is no longer classified as a <FONT STYLE="white-space:nowrap">G-SIB</FONT> by the
FSB with effect from January&nbsp;1, 2017. However, if the Bank were to be so classified in the future or if TLAC requirements as set out below are adopted and implemented in Spain and extended to non-G-SIBs through the imposition of similar MREL
requirements, then this could create additional minimum requirements for the Bank. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In this regard, the EBA submitted on December&nbsp;14,
2016 a final report on the implementation and design of the MREL framework (the &#147;<B>EBA MREL Report</B>&#148;), which contains a number of recommendations to amend the current MREL framework. Additionally, the EU Banking Reforms contain the
legislative proposal of the European Commission for the amendment of the MREL framework and the implementation of the TLAC standards. The EU Banking Reforms propose the amendment of a number of aspects of the MREL framework to align it with the TLAC
standards included in the TLAC Principles and Term Sheet. To maintain coherence between the MREL rules applicable to <FONT STYLE="white-space:nowrap">G-SIBs</FONT> and those applicable to <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">non-G-SIBs,</FONT></FONT> the EU Banking Reforms also propose a number of changes to the MREL rules applicable to <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">non-G-SIBs.</FONT></FONT> While the EU
Banking Reforms propose for a minimum harmonized or &#147;Pillar 1&#148; MREL requirement for <FONT STYLE="white-space:nowrap">G-SIBs,</FONT> in the case of <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">non-G-SIBs,</FONT></FONT>
it is proposed that MREL requirements will be imposed on a bank-specific basis. For <FONT STYLE="white-space:nowrap">G-SIBs,</FONT> it is also proposed that a supplementary or &#147;Pillar 2&#148; MREL requirement may be further imposed on a
bank-specific basis. The EU Banking Reforms further provide for the resolution authorities to give guidance to an institution to have own funds and eligible liabilities in excess of the requisite levels for certain purposes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If the Relevant Spanish Resolution Authority finds that there could exist any obstacles to resolvability by the Bank and/or the Group, a
higher MREL requirement could be imposed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Neither the BRRD nor the MREL Delegated Regulation provides details on the implications of a
failure by an institution to comply with its MREL requirement. However, the EU Banking Reforms propose that this be addressed by the relevant authorities on the basis of their powers to address or remove impediments to resolution, the exercise of
their supervisory powers under the CRD IV Directive, early intervention measures, and administrative penalties and other administrative measures. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Furthermore, in accordance with the EBA MREL Report, the EBA recommends that resolution authorities and competent authorities should engage in
active monitoring of compliance with their respective requirements and considers that (i)&nbsp;the powers of resolution authorities to respond to a breach of MREL should be enhanced (which would require resolution authorities to be given the power
to require the preparation and execution of an MREL restoration plan, to use their powers to address impediments to resolvability, to request that distribution restrictions be imposed on an institution by a competent authority and to request a joint
restoration plan in cases where an institution breaches both MREL and minimum capital requirements); (ii) competent authorities should also respond to breaches of minimum capital requirements and MREL; (iii)&nbsp;resolution authorities should assume
a lead role in responding to a failure to issue or roll over MREL-eligible debt leading to a breach of MREL; (iv)&nbsp;if there are both losses and a failure to roll over or issue MREL-eligible debt, both the relevant resolution authority and
relevant competent authority should attempt to agree on a joint restoration plan (provided that both authorities believe that the institution is not failing or likely to fail); and (v)&nbsp;resolution and competent authorities should closely
cooperate </P>
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and coordinate. The EU Banking Reforms also provide for resolution and competent authorities to consult each other in the exercise of their respective powers in relation to any breaches of MREL.
In addition, under the EBA Guidelines on triggers for use of early intervention measures of May&nbsp;8, 2015 a significant deterioration in the amount of eligible liabilities and own funds held by an institution for the purposes of meeting its MREL
requirements may put an institution in a situation where conditions for early intervention are met, which may result in the application by the competent authority of early intervention measures. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Further, as outlined in the EBA MREL Report, the EBA&#146;s recommendation is that an institution will not be able to use the same CET 1
capital to meet both MREL and the combined buffer requirements. In addition, the EU Banking Reforms provide that, in the case of the own funds of an institution that may otherwise contribute to the combined buffer requirement where there is any
shortfall in MREL, this will be considered as a failure to meet the combined buffer requirement such that those own funds will automatically be used instead to meet that institution&#146;s MREL requirement and will no longer count towards its
combined buffer requirement. Accordingly, this could trigger a limit on discretionary payments (see &#147;<I>&#151;</I><I></I><I>&nbsp;Increasingly onerous capital requirements may have a material adverse effect on the Bank&#146;s business,
financial condition and results of operations</I>&#148;). Additionally, if the Relevant Spanish Resolution Authority finds that there could exist any obstacles to resolvability by the Bank and/or the Group, a higher MREL requirement could be
imposed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Moreover, with respect to the EU Banking Reforms, there are uncertainties concerning how the subsidiaries of the Group would be
treated for purposes of determining the resolution group of the Bank and the applicable MREL requirements, which may lead to a situation where the consolidated MREL requirement of the Bank would not fully reflect its
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">multiple-point-of-entry</FONT></FONT> resolution strategy. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any failure
by the Bank and/or the Group to comply with its MREL requirement may have a material adverse effect on the Bank&#146;s business, financial conditions and results of operations and could result in the imposition of restrictions or prohibitions on
discretionary payments by the Bank, including the payment of dividends and distributions relating to Additional Tier 1 instruments. There can also be no assurance as to the relationship between the &#147;Pillar 2&#148; additional own funds
requirements, the &#147;combined buffer requirement&#148;, the MREL requirement once implemented in Spain and the restrictions or prohibitions on discretionary payments. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Increased taxation and other burdens imposed on the financial sector may have a material adverse effect on the Bank&#146;s business,
financial condition and results of operations </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On February&nbsp;14, 2013, the European Commission published a proposal (the
&#147;<B>Commission&#146;s Proposal</B>&#148;) for a Directive for a common financial transaction tax (&#147;<B>FTT</B>&#148;) in Belgium, Germany, Estonia, Greece, Spain, France, Italy, Austria, Portugal, Slovenia and Slovakia (the
&#147;<B>participating Member States</B>&#148;). However, Estonia has since stated that it will not participate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Commission&#146;s
Proposal has very broad scope and could, if introduced, apply to certain dealings in securities issued by the Group or other issuers (including secondary market transactions) in certain circumstances. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the Commission&#146;s Proposal, the FTT could apply in certain circumstances to persons both within and outside the participating Member
States. Generally, it would apply to certain dealings in securities where at least one party is a financial institution and at least one party is established in a participating Member State. A financial institution may be, or be deemed to be,
&#147;established&#148; in a participating Member State in a broad range of circumstances, including (a)&nbsp;by transacting with a person established in a participating Member State or (b)&nbsp;where the financial instrument which is subject to the
dealings is issued in a participating Member State. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">However, the FTT proposal remains subject to negotiation among the participating
Member States. It may therefore be altered prior to any implementation, the timing of which remains unclear. Additional EU Member States may decide to participate and participating Member States may decide not to participate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Royal <FONT STYLE="white-space:nowrap">Decree-Law</FONT> 8/2014, of July&nbsp;4, introduced a 0.03% tax on bank deposits in Spain. This tax is
payable annually by Spanish banks. There can be no assurance that additional national or transnational bank levies or financial transaction taxes will not be adopted by the authorities of the jurisdictions where the Bank operates. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Contributions for assisting in the future recovery and resolution of the Spanish banking
sector may have a material adverse effect on the Bank&#146;s business, financial condition and results of operations. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In 2015, Law
11/2015 and RD 1012/2015 established a requirement for Spanish credit institutions, including BBVA, to make at least an annual ordinary contribution to the National Resolution Fund (Fondo de Resoluci&oacute;n Nacional), payable on request of the
FROB. The total amount of contributions to be made to the National Resolution Fund by all Spanish banking entities must equal at least 1% of the aggregate amount of all deposits guaranteed by the Deposit Guarantee Fund by December&nbsp;31, 2024. The
contribution will be adjusted to the risk profile of each institution in accordance with the criteria set out in RD 1012/2015. The FROB may, in addition, collect extraordinary contributions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Furthermore, Law 11/2015 also established in 2015 an additional charge (tasa) which shall be used to further fund the activities of the FROB,
in its capacity as a resolution authority, which charge shall equal 2.5% of the above annual ordinary contribution to be made to the National Resolution Fund. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, since 2016, the Bank has been required to make contributions directly to the EU Single Resolution Fund, once the National
Resolution Fund has been integrated into it, and will have to pay supervisory fees to the SSM and the SRM. See <I>&#147;&#151;</I><I></I><I>Regulatory developments related to the EU fiscal and banking union may have a material adverse effect on the
Bank&#146;s business, financial condition and results of operations&#148;.</I> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any levies, taxes or funding requirements imposed on the
Bank pursuant to the foregoing or otherwise in any of the jurisdictions where it operates could have a material adverse effect on the Bank&#146;s business, financial condition and results of operations. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Regulatory developments related to the EU fiscal and banking union may have a material adverse effect on the Bank&#146;s business,
financial condition and results of operations </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The project of achieving a European banking union was launched in the summer of
2012. Its main goal is to resume progress towards the European single market for financial services by restoring confidence in the European banking sector and ensuring the proper functioning of monetary policy in the Eurozone. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Banking union is expected to be achieved through new harmonized banking rules (the single rulebook) and a new institutional framework with
stronger systems for both banking supervision and resolution that will be managed at the European level. Its two main pillars are the SSM and the SRM. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The SSM is intended to assist in making the banking sector more transparent, unified and safer. In accordance with the SSM Framework
Regulation, the ECB fully assumed its new supervisory responsibilities within the SSM, in particular the direct supervision of the largest European banks (including the Bank), on November&nbsp;4, 2014. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The SSM represents a significant change in the approach to bank supervision at a European and global level, even if it is not expected to
result in any radical change in bank supervisory practices in the short term. The SSM has resulted in the direct supervision by the ECB of the largest financial institutions, including the Bank, and indirect supervision of around 3,500 financial
institutions. The new supervisor is one of the largest in the world in terms of assets under supervision. In the coming years, the SSM is expected to work to establish a new supervisory culture importing best practices from the 19 supervisory
authorities that form part of the SSM. Several steps have already been taken in this regard, such as the publication of the Supervisory Guidelines and the creation of the SSM Framework Regulation. In addition, the SSM represents an extra cost for
the financial institutions that fund it through payment of supervisory fees. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The other main pillar of the EU banking union is the SRM,
the main purpose of which is to ensure a prompt and coherent resolution of failing banks in Europe at minimum cost. The SRM Regulation, which was passed on July&nbsp;15, 2014 and took legal effect from January&nbsp;1, 2015, establishes uniform rules
and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of the SRM and a Single Resolution Fund. The new Single Resolution Board started operating on January&nbsp;1, 2015 and fully assumed its
resolution powers on January&nbsp;1, 2016. The Single Resolution Fund has also been in place since January&nbsp;1, 2016, funded by contributions from European banks in accordance with the methodology approved by the Council of the European
</P>
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Union. The Single Resolution Fund is intended to reach a total amount of &#128;55&nbsp;billion by 2024 and to be used as a separate backstop only after an 8%
<FONT STYLE="white-space:nowrap">bail-in</FONT> of a bank&#146;s total liabilities including own funds has been applied to cover capital shortfalls (in line with the BRRD). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">By allowing for the consistent application of EU banking rules through the SSM, the banking union is expected to help resume momentum toward
economic and monetary union. In order to complete such union, a single deposit guarantee scheme is still needed, which may require a change to the existing European treaties. This is the subject of continued negotiation by European leaders to ensure
further progress is made in European fiscal, economic and political integration. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Regulations adopted towards achieving a banking and/or
fiscal union in the EU and decisions adopted by the ECB in its capacity as the Bank&#146;s main supervisory authority may have a material effect on the Bank&#146;s business, financial condition and results of operations. In particular, the BRRD and
Directive 2014/49/EU of the European Parliament and the Council of April&nbsp;16, 2014 on deposit guarantee schemes were published in the Official Journal of the EU on June&nbsp;12, 2014. The BRRD was implemented into Spanish law through Law 11/2015
and RD 1012/2015. In addition, on January&nbsp;29, 2014, the European Commission released its proposal on the structural reforms of the European banking sector, which will impose new constraints on the structure of European banks. The proposal is
aimed at ensuring the harmonization between the divergent national initiatives in Europe. It includes a prohibition on proprietary trading similar to that contained in Section&nbsp;619 of the Dodd-Frank Act (also known as the Volcker Rule) and a
mechanism to potentially require the separation of trading activities (including market-making), such as in the Financial Services (Banking Reform) Act 2013, complex securitizations and risky derivatives. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There can be no assurance that regulatory developments related to the EU fiscal and banking union, and initiatives undertaken at the EU level,
will not have a material adverse effect on the Bank&#146;s business, financial condition and results of operations. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>The
Group&#146;s anti-money laundering and anti-terrorism policies may be circumvented or otherwise not be sufficient to prevent all money laundering or terrorism financing </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Group companies are subject to rules and regulations regarding money laundering and the financing of terrorism. Monitoring compliance with
anti-money laundering and anti-terrorism financing rules can put a significant financial burden on banks and other financial institutions and pose significant technical problems. Although the Group believes that its current policies and procedures
are sufficient to comply with applicable rules and regulations, it cannot guarantee that its anti-money laundering and anti-terrorism financing policies and procedures will not be circumvented or otherwise not be sufficient to prevent all money
laundering or terrorism financing. Any of such events may have severe consequences, including sanctions, fines and, notably, reputational consequences, which could have a material adverse effect on the Group&#146;s financial condition and results of
operations. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>The Group is exposed to risks in relation to compliance with anti-corruption laws and regulations and economic
sanctions programs </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Group is required to comply with the laws and regulations of various jurisdictions where it conducts
operations. In particular, its operations are subject to various anti-corruption laws, including the U.S. Foreign Corrupt Practices Act of 1977 and the United Kingdom Bribery Act of 2010, and economic sanction programs, including those administered
by the United Nations, the EU and the United States, including the U.S. Treasury Department&#146;s Office of Foreign Assets Control. The anti-corruption laws generally prohibit providing anything of value to government officials for the purposes of
obtaining or retaining business or securing any improper business advantage. As part of the Bank&#146;s business, the Bank may deal with entities the employees of which are considered government officials. In addition, economic sanctions programs
restrict the Bank&#146;s business dealings with certain sanctioned countries, individuals and entities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Although the Bank has internal
policies and procedures designed to ensure compliance with applicable anti-corruption laws and sanctions regulations, there can be no assurance that such policies and procedures will be sufficient or that its employees, directors, officers,
partners, agents and service providers will not take actions in </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:Times New Roman" ALIGN="center">25 </P>


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violation of the Group&#146;s policies and procedures (or otherwise in violation of the relevant anti-corruption laws and sanctions regulations) for which it or they may be ultimately held
responsible. Violations of anti-corruption laws and sanctions regulations could lead to financial penalties being imposed on the Bank, limits being placed on the Bank&#146;s activities, the Bank&#146;s authorizations and licenses being revoked,
damage to the Bank&#146;s reputation and other consequences that could have a material adverse effect on the Bank&#146;s business, results of operations and financial condition. Further, litigation or investigations relating to alleged or suspected
violations of anti-corruption laws and sanctions regulations could be costly. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Local regulation may have a material effect on the
Bank&#146;s business, financial condition, results of operations and cash flows </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Bank&#146;s operations are subject to
regulatory risks, including the effects of changes in laws, regulations, policies and interpretations, in the various jurisdictions outside Spain where it operates. Regulations in certain jurisdictions where the Bank operates differ in a number of
material respects from equivalent regulations in Spain. For example, local regulations may require the Bank&#146;s subsidiaries and affiliates to meet capital requirements that are different from those applicable to the Bank as a Spanish bank, they
may prohibit certain activities permitted to be undertaken by the Bank in Spain or they may require certain approvals to be obtained in connection with such subsidiaries and affiliates&#146; activities. Changes in regulations may have a material
effect on the Group&#146;s business and operations, particularly changes affecting Mexico, the United States, Venezuela, Argentina or Turkey, which are the Group&#146;s most significant jurisdictions by assets other than Spain. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Furthermore, the governments in certain regions where the Group operates have exercised, and continue to exercise, significant influence over
the local economy. Governmental actions, including changes in laws or regulations or in the interpretation of existing laws or regulations, concerning the economy and state-owned enterprises, or otherwise affecting the Group&#146;s activity, could
have a significant effect on the private sector entities in general and on the Bank&#146;s subsidiaries and affiliates in particular. In addition, the Group&#146;s activities in emerging economies, such as Venezuela, are subject to a heightened risk
of changes in governmental policies, including expropriation, nationalization, international ownership legislation, interest-rate caps, exchange controls, government restrictions on dividends and tax policies. Any of these risks could have a
material adverse effect on the Group&#146;s business, financial condition and results of operations. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Liquidity and Financial Risks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>The Bank has a continuous demand for liquidity to fund its business activities. The Bank may suffer during periods of market-wide or firm-specific
liquidity constraints, and liquidity may not be available to it even if its underlying business remains strong </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Liquidity and
funding continue to remain a key area of focus for the Group and the industry as a whole. Like all major banks, the Group is dependent on confidence in the short- and long-term wholesale funding markets. Should the Group, due to exceptional
circumstances or otherwise, be unable to continue to source sustainable funding, its ability to fund its financial obligations could be affected. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Bank&#146;s profitability or solvency could be adversely affected if access to liquidity and funding is constrained or made more expensive
for a prolonged period of time. Under extreme and unforeseen circumstances, such as the closure of financial markets and uncertainty as to the ability of a significant number of firms to ensure they can meet their liabilities as they fall due, the
Group&#146;s ability to meet its financial obligations as they fall due or to fulfill its commitments to lend could be affected through limited access to liquidity (including government and central bank facilities). In such extreme circumstances,
the Group may not be in a position to continue to operate without additional funding support, which it may be unable to access. These factors may have a material adverse effect on the Group&#146;s solvency, including its ability to meet its
regulatory minimum liquidity requirements. These risks can be exacerbated by operational factors such as an over-reliance on a particular source of funding or changes in credit ratings, as well as market-wide phenomena such as market dislocation,
regulatory change or major disasters. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, corporate and institutional counterparties may seek to reduce aggregate credit
exposures to the Bank (or to all banks), which could increase the Group&#146;s cost of funding and limit its access to liquidity. The funding structure employed by the Group may also prove to be inefficient, thus giving rise to a level of funding
cost where the cumulative costs are not sustainable over the longer term. The funding needs of the Group may increase and such increases may be material to the Group&#146;s business, financial condition and results of operations. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Withdrawals of deposits or other sources of liquidity may make it more difficult or costly for the Group to fund its business on favorable terms or
cause the Group to take other actions </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Historically, one of the Group&#146;s principal sources of funds has been savings and demand
deposits. Large-denomination time deposits may, under some circumstances, such as during periods of significant interest-rate-based competition for these types of deposits, be a less stable source of deposits than savings and demand deposits. The
level of wholesale and retail deposits may also fluctuate due to other factors outside the Group&#146;s control, such as a loss of confidence (including as a result of political initiatives, including <FONT STYLE="white-space:nowrap">bail-in</FONT>
and/or confiscation and/or taxation of creditors&#146; funds) or competition from investment funds or other products. The recent introduction of a national tax on outstanding deposits could be negative for the Group&#146;s activities in Spain.
Moreover, there can be no assurance that, in the event of a sudden or unexpected withdrawal of deposits or shortage of funds in the banking systems or money markets in which the Group operates, the Group will be able to maintain its current levels
of funding without incurring higher funding costs or having to liquidate certain of its assets. In addition, if public sources of liquidity, such as the ECB extraordinary measures adopted in response to the financial crisis since 2008, are removed
from the market, there can be no assurance that the Group will be able to maintain its current levels of funding without incurring higher funding costs or having to liquidate certain of its assets or taking additional deleverage measures. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Implementation of internationally accepted liquidity ratios might require changes in business practices that affect the profitability of the Bank&#146;s
business activities </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The liquidity coverage ratio (&#147;<B>LCR</B>&#148;) is a quantitative liquidity standard developed by the
BCBS to ensure that those banking organizations to which this standard is to apply have sufficient high-quality liquid assets to cover expected net cash outflows over a <FONT STYLE="white-space:nowrap">30-day</FONT> liquidity stress period. The
final standard was announced in January 2013 by the BCBS and, since January 2015, is being <FONT STYLE="white-space:nowrap">phased-in</FONT> until 2019. Currently the banks to which this standard applies must comply with a minimum LCR requirement of
70% and gradually increase the ratio by 10 percentage points per year to reach 100% by January 2019. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The BCBS&#146;s net stable funding
ratio (&#147;<B>NSFR</B>&#148;) has a time horizon of one year and has been developed to provide a sustainable maturity structure of assets and liabilities such that banks maintain a stable funding profile in relation to their <FONT
STYLE="white-space:nowrap">on-</FONT> and <FONT STYLE="white-space:nowrap">off-balance</FONT> sheet activities that reduces the likelihood that disruptions to a bank&#146;s regular sources of funding will erode its liquidity position in a way that
could increase the risk of its failure. The BCBS contemplates that the NSFR, including any revisions, will be implemented by member countries as a minimum standard by January&nbsp;1, 2018, with no <FONT STYLE="white-space:nowrap">phase-in</FONT>
scheduled. The EU Banking Reforms propose the introduction of a harmonized binding requirement for the NSFR across the EU that will apply two years after the date of entry into force of the amending regulation at a level of 100%. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Various elements of the LCR and the NSFR, as they are implemented by national banking regulators and complied with by the Bank, may cause
changes that affect the profitability of business activities and require changes to certain business practices, which could expose the Bank to additional costs (including increased compliance costs) or have a material adverse effect on the
Bank&#146;s business, financial condition or results of operations. These changes may also cause the Bank to invest significant management attention and resources to make any necessary changes. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>The Group&#146;s businesses are subject to inherent risks concerning borrower and counterparty credit
quality which have affected and are expected to continue to affect the recoverability and value of assets on the Group&#146;s balance sheet </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Group has exposures to many different products, counterparties and obligors and the credit quality of its exposures can have a significant
effect on the Group&#146;s earnings. Adverse changes in the credit quality of the Group&#146;s borrowers and counterparties or collateral, or in their behavior or businesses, may reduce the value of the Group&#146;s assets, and materially increase
the Group&#146;s write-downs and provisions for impairment losses. Credit risk can be affected by a range of factors, including an adverse economic environment, reduced consumer and/or government spending, global economic slowdown, changes in the
rating of individual counterparties, the debt levels of individual contractual counterparties and the economic environment they operate in, increased unemployment, reduced asset values, increased personal or corporate insolvency levels, reduced
corporate profits, changes (and the timing, quantum and pace of these changes) in interest rates, counterparty challenges to the interpretation or validity of contractual arrangements and any external factors of a legislative or regulatory nature.
In recent years, the global economic crisis has driven cyclically high bad debt charges. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Non-performing</FONT> or low credit quality loans have in the past and can continue to negatively affect the
Bank&#146;s results of operations. The Bank cannot assure that it will be able to effectively control the level of the impaired loans in its total loan portfolio. At present, default rates are partly cushioned by low rates of interest which have
improved customer affordability, but the risk remains of increased default rates as interest rates start to rise. The timing, quantum and pace of any rise is a key risk factor. All new lending is dependent on the Group&#146;s assessment of each
customer&#146;s ability to pay, and there is an inherent risk that the Group has incorrectly assessed the credit quality or willingness of borrowers to pay, possibly as a result of incomplete or inaccurate disclosure by those borrowers or as a
result of the inherent uncertainty that is involved in the exercise of constructing models to estimate the true risk of lending to counterparties. The Group estimates and establishes reserves for credit risks and potential credit losses inherent in
its credit exposure. This process, which is critical to the Group&#146;s results and financial condition, requires difficult, subjective and complex judgments, including forecasts of how macro-economic conditions might impair the ability of
borrowers to repay their loans. As is the case with any such assessments, there is always a risk that the Group will fail to adequately identify the relevant factors or that it will fail to estimate accurately the effect of these identified factors,
which could have a material adverse effect on the Group&#146;s business, financial condition or results of operations. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>The Group&#146;s business is
particularly vulnerable to volatility in interest rates </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Group&#146;s results of operations are substantially dependent upon
the level of its net interest income, which is the difference between interest income from interest-earning assets and interest expense on interest-bearing liabilities. Interest rates are highly sensitive to many factors beyond the Group&#146;s
control, including fiscal and monetary policies of governments and central banks, regulation of the financial sectors in the markets in which it operates, domestic and international economic and political conditions and other factors. Changes in
market interest rates, including cases of negative reference rates, can affect the interest rates that the Group receives on its interest-earning assets differently to the rates that it pays for its interest-bearing liabilities. This may, in turn,
result in a reduction of the net interest income the Group receives, which could have a material adverse effect on its results of operations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, the high proportion of loans referenced to variable interest rates makes debt service on such loans more vulnerable to changes in
interest rates. In addition, a rise in interest rates could reduce the demand for credit and the Group&#146;s ability to generate credit for its clients, as well as contribute to an increase in the credit default rate. As a result of these and the
above factors, significant changes or volatility in interest rates could have a material adverse effect on the Group&#146;s business, financial condition or results of operations. </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:Times New Roman" ALIGN="center">28 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>The Group has a substantial amount of commitments with personnel considered wholly unfunded due to the
absence of qualifying plan assets </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Group&#146;s commitments with personnel which are considered to be wholly unfunded are
recognized under the heading &#147;<I>Provisions&#151;Provisions for Pensions and Similar Obligations</I>&#148; in its consolidated balance sheets included in the Consolidated Financial Statements. For more information please see Note 25 to the
Consolidated Financial Statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Group faces liquidity risk in connection with its ability to make payments on its unfunded
commitments with personnel, which it seeks to mitigate, with respect to post-employment benefits, by maintaining insurance contracts which were contracted with insurance companies owned by the Group. The insurance companies have recorded in their
balance sheets specific assets (fixed interest deposit and bonds) assigned to the funding of these commitments. The insurance companies also manage derivatives (primarily swaps) to mitigate the interest rate risk in connection with the payments of
these commitments. The Group seeks to mitigate liquidity risk with respect to early retirements and post-employment welfare benefits through oversight by the Assets and Liabilities Committee (&#147;<B>ALCO</B>&#148;) of the Group. The Group&#146;s
ALCO manages a specific asset portfolio to mitigate the liquidity risk resulting from the payments of these commitments. These assets are government and covered bonds which are issued at fixed interest rates with maturities matching the
aforementioned commitments. The Group&#146;s ALCO also manages derivatives (primarily swaps) to mitigate the interest rate risk in connection with the payments of these commitments. Should BBVA fail to adequately manage liquidity risk and interest
rate risk either as described above or otherwise, it could have a material adverse effect on the Group&#146;s business, financial condition and results of operations. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>The Bank is dependent on its credit ratings and any reduction of its credit ratings could materially and adversely affect the Group&#146;s business,
financial condition and results of operations </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Bank is rated by various credit rating agencies. The Bank&#146;s credit ratings
are an assessment by rating agencies of its ability to pay its obligations when due. Any actual or anticipated decline in the Bank&#146;s credit ratings to below investment grade or otherwise may increase the cost of and decrease the Group&#146;s
ability to finance itself in the capital markets, secured funding markets (by affecting its ability to replace downgraded assets with better-rated ones), or interbank markets, through wholesale deposits or otherwise, harm its reputation, require it
to replace funding lost due to the downgrade, which may include the loss of customer deposits, and make third parties less willing to transact business with the Group or otherwise materially adversely affect its business, financial condition and
results of operations. Furthermore, any decline in the Bank&#146;s credit ratings to below investment grade or otherwise could breach certain agreements or trigger additional obligations under such agreements, such as a requirement to post
additional collateral, which could materially adversely affect the Group&#146;s business, financial condition and results of operations. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Highly-indebted households and corporations could endanger the Group&#146;s asset quality and future revenues </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In recent years, households and businesses have reached a high level of indebtedness, particularly in Spain, which has created increased risk
in the Spanish banking system. In addition, the high proportion of loans referenced to variable interest rates makes debt service on such loans more vulnerable to upward movements in interest rates and the profitability of the loans more vulnerable
to interest rate decreases. Highly indebted households and businesses are less likely to be able to service debt obligations as a result of adverse economic events, which could have an adverse effect on the Group&#146;s loan portfolio and, as a
result, on its financial condition and results of operations. Moreover, the increase in households&#146; and businesses&#146; indebtedness also limits their ability to incur additional debt, reducing the number of new products that the Group may
otherwise be able to sell to them and limiting the Group&#146;s ability to attract new customers who satisfy its credit standards, which could have an adverse effect on the Group&#146;s ability to achieve its growth plans. </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:Times New Roman" ALIGN="center">29 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>The Group depends in part upon dividends and other funds from subsidiaries </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Some of the Group&#146;s operations are conducted through its financial services subsidiaries. As a result, the Bank&#146;s ability to pay
dividends, to the extent the Bank decides to do so, depends in part on the ability of the Group&#146;s subsidiaries to generate earnings and to pay dividends to BBVA. Payment of dividends, distributions and advances by the Group&#146;s subsidiaries
will be contingent upon their earnings and business considerations and is or may be limited by legal, regulatory and contractual restrictions. For instance, the repatriation of dividends from the Group&#146;s Venezuelan and Argentinean subsidiaries
have been subject to certain restrictions and there is no assurance that further restrictions will not be imposed. Additionally, the Bank&#146;s right to receive any assets of any of the Group&#146;s subsidiaries as an equity holder of such
subsidiaries upon their liquidation or reorganization will be effectively subordinated to the claims of subsidiaries&#146; creditors, including trade creditors. The Group also has to comply with increased capital requirements, which could result in
the imposition of restrictions or prohibitions on discretionary payments including the payment of dividends (see &#147;&#151;<I>Increasingly onerous capital requirements may have a material adverse effect on the Bank&#146;s business, financial
condition and results of operations&#148;</I>). </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Business and Industry Risks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>The Group faces increasing competition in its business lines </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The markets in which the Group operates are highly competitive and this trend will likely continue with new business models likely to be
developed in coming years which impact is unforeseeable. In addition, the trend towards consolidation in the banking industry has created larger and stronger banks with which the Group must now compete. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Group also faces competition from <FONT STYLE="white-space:nowrap">non-bank</FONT> competitors, such as payment platforms, <FONT
STYLE="white-space:nowrap">e-commerce</FONT> businesses, department stores (for some credit products), automotive finance corporations, leasing companies, factoring companies, mutual funds, pension funds, insurance companies, and public debt. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There can be no assurance that this competition will not adversely affect the Group&#146;s business, financial condition and results of
operations. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>The Group faces risks related to its acquisitions and divestitures </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Group&#146;s mergers and acquisitions activity involves divesting its interests in some businesses and strengthening other business areas
through acquisitions. The Group may not complete these transactions in a timely manner, on a cost-effective basis or at all. Even though the Group reviews the companies it plans to acquire, it is generally not feasible for these reviews to be
complete in all respects. As a result, the Group may assume unanticipated liabilities, or an acquisition may not perform as well as expected. In addition, transactions such as these are inherently risky because of the difficulties of integrating
people, operations and technologies that may arise. There can be no assurance that any of the businesses the Group acquires can be successfully integrated or that they will perform well once integrated. Acquisitions may also lead to potential
write-downs due to unforeseen business developments that may adversely affect the Group&#146;s results of operations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Group&#146;s
results of operations could also be negatively affected by acquisition or divestiture-related charges, amortization of expenses related to intangibles and charges for impairment of long-term assets. The Group may be subject to litigation in
connection with, or as a result of, acquisitions or divestitures, including claims from terminated employees, customers or third parties, and the Group may be liable for future or existing litigation and claims related to the acquired business or
divestiture because either the Group is not indemnified for such claims or the indemnification is insufficient. These effects could cause the Group to incur significant expenses and could materially adversely affect its business, financial condition
and results of operations. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>The Group is party to lawsuits, tax claims and other legal proceedings </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Due to the nature of the Group&#146;s business, the Bank and its subsidiaries are involved in litigation, arbitration and regulatory
proceedings in jurisdictions around the world, the financial outcome of which is unpredictable, particularly where the claimants seek unspecified or undeterminable damages, or where the cases argue novel legal theories, involve a large number of
parties or are at early stages of discovery. An adverse outcome or settlement in these proceedings could result in significant costs and may have a material adverse effect on the Group&#146;s business, financial condition, cash flows, results of
operations and reputation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, responding to the demands of litigation may divert management&#146;s time and attention and
financial resources. While the Group has provisioned such risks based on its assessment of such matters and in accordance with applicable accounting rules, it is possible that losses resulting from such risks, if proceedings are decided in whole or
in part adversely to the Group, could exceed the amount of provisions made for such risks, which, in turn, could have a material adverse effect on the Group&#146;s business, financial condition and results of operations. See &#147;<I>Item 8.
Financial information&#151;Consolidated Statements and Other Financial Information&#151;Legal proceedings</I>&#148; and Note 24 to the Bank&#146;s Consolidated Financial Statements for additional information on the Group&#146;s legal, regulatory and
arbitration proceedings. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>The Group&#146;s ability to maintain its competitive position depends significantly on its international operations, which
expose the Group to foreign exchange, political and other risks in the countries in which it operates, which could cause an adverse effect on its business, financial condition and results of operations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Group operates commercial banks and insurance and other financial services companies in various countries and its overall success as a
global business depends upon its ability to succeed in differing economic, social and political conditions. The Group is particularly sensitive to developments in Mexico, the United States, Turkey and Argentina, which represented 12.63%, 11.42%,
11.61% and 1.25% of the Group&#146;s assets as at December&nbsp;31, 2016, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Group is confronted with different legal and
regulatory requirements in many of the jurisdictions in which it operates. See <I>&#147;&#151;</I><I></I><I>&nbsp;Legal, Regulatory and Compliance Risks&#151;Local regulation may have a material effect on the Bank&#146;s business, financial
condition, results of operations and cash flows&#148;</I>. These include, but are not limited to, different tax regimes and laws relating to the repatriation of funds or nationalization or expropriation of assets. The Group&#146;s international
operations may also expose it to risks and challenges which its local competitors may not be required to face, such as exchange rate risk, difficulty in managing a local entity from abroad, political risk which may be particular to foreign investors
and limitations on the distribution of dividends. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Group&#146;s presence in locations such as the Latin American markets or Turkey
requires it to respond to rapid changes in market conditions in these countries and exposes the Group to increased risks relating to emerging markets. See &#147;&#151;<I>&nbsp;Macroeconomic Risks&#151;The Group may be materially adversely affected
by developments in the emerging markets where it operates&#148;.</I> There can be no assurance that the Group will succeed in developing and implementing policies and strategies that are effective in each country in which it operates or that any of
the foregoing factors will not have a material adverse effect on its business, financial condition and results of operations. </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:Times New Roman" ALIGN="center">31 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Financial, Reporting and Other Operational Risks </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Weaknesses or failures in the Group&#146;s internal processes, systems and security could materially adversely affect its results of operations,
financial condition or prospects, and could result in reputational damage </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Operational risks, through inadequate or failed internal
processes, systems (including financial reporting and risk monitoring processes) or security, or from people-related or external events, including the risk of fraud and other criminal acts carried out by Group employees or against Group companies,
are present in the Group&#146;s businesses. These businesses are dependent on processing and reporting accurately and efficiently a high volume of complex transactions across numerous and diverse products and services, in different currencies and
subject to a number of different legal and regulatory regimes. Any weakness in these internal processes, systems or security could have an adverse effect on the Group&#146;s results, the reporting of such results, and on the ability to deliver
appropriate customer outcomes during the affected period. In addition, any breach in security of the Group&#146;s systems could disrupt its business, result in the disclosure of confidential information and create significant financial and legal
exposure for the Group. Although the Group devotes significant resources to maintain and regularly update its processes and systems that are designed to protect the security of its systems, software, networks and other technology assets, there is no
assurance that all of its security measures will provide absolute security. Any damage to the Group&#146;s reputation (including to customer confidence) arising from actual or perceived inadequacies, weaknesses or failures in its systems, processes
or security could have a material adverse effect on its business, financial condition and results of operations. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>The financial industry is
increasingly dependent on information technology systems, which may fail, may not be adequate for the tasks at hand or may no longer be available </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Banks and their activities are increasingly dependent on highly sophisticated information technology (&#147;<B>IT</B>&#148;) systems. IT
systems are vulnerable to a number of problems, such as software or hardware malfunctions, computer viruses, hacking and physical damage to vital IT centers. IT systems need regular upgrading and banks, including the Bank, may not be able to
implement necessary upgrades on a timely basis or upgrades may fail to function as planned. Furthermore, failure to protect financial industry operations from cyber-attacks could result in the loss or compromise of customer data or other sensitive
information. These threats are increasingly sophisticated and there can be no assurance that banks will be able to prevent all breaches and other attacks on its IT systems. In addition to costs that may be incurred as a result of any failure of IT
systems, banks, including the Bank, could face fines from bank regulators if they fail to comply with applicable banking or reporting regulations. </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:Times New Roman" ALIGN="center">32 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>BBVA&#146;s financial statements and periodic disclosure under securities laws may not give you the same
information as financial statements prepared under U.S. accounting rules and periodic disclosures provided by domestic U.S. issuers </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Publicly available information about public companies in Spain is generally less detailed and not as frequently updated as the information that
is regularly published by or about listed companies in the United States. In addition, although BBVA is subject to the periodic reporting requirements of the Exchange Act, the periodic disclosure required of foreign private issuers such as BBVA
under the Exchange Act is more limited than the periodic disclosure required of U.S. issuers. Finally, BBVA maintains its financial accounts and records and prepares its financial statements in accordance with
<FONT STYLE="white-space:nowrap">EU-IFRS</FONT> required to be applied under the Bank of Spain&#146;s Circular 4/2004 and in compliance with IFRS-IASB, which differs in certain respects from U.S. GAAP, the financial reporting standard to which many
investors in the United States may be more accustomed. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>The Bank&#146;s financial statements are based in part on assumptions and estimates which,
if inaccurate, could cause material misstatement of the results of its operations and financial position </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The preparation of
financial statements in accordance with IFRS-IASB requires the use of estimates. It also requires management to exercise judgment in applying relevant accounting policies. The key areas involving a higher degree of judgment or complexity, or areas
where assumptions are significant to the consolidated and individual financial statements, include credit impairment charges for amortized cost assets, impairment and valuation of
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">available-for-sale</FONT></FONT> investments, calculation of income and deferred tax, fair value of financial instruments, valuation of goodwill and intangible assets, valuation of
provisions and accounting for pensions and post-retirement benefits. There is a risk that if the judgment exercised or the estimates or assumptions used subsequently turn out to be incorrect then this could result in significant loss to the Group,
beyond that anticipated or provided for, which could have an adverse effect on the Group&#146;s business, financial condition and results of operations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Observable market prices are not available for many of the financial assets and liabilities that the Group holds at fair value and a variety
of techniques to estimate the fair value are used. Should the valuation of such financial assets or liabilities become observable, for example as a result of sales or trading in comparable assets or liabilities by third parties, this could result in
a materially different valuation to the current carrying value in the Group&#146;s financial statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The further development of
standards and interpretations under IFRS-IASB could also significantly affect the results of operations, financial condition and prospects of the Group. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_12"></A>ITEM&nbsp;4.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>INFORMATION ON THE COMPANY </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_13"></A>A. History and Development of the Company
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">BBVA&#146;s predecessor bank, BBV, was incorporated as a limited liability company (a &#147;sociedad an&oacute;nima&#148; or S.A.)
under the Spanish Corporations Law on October&nbsp;1, 1988. BBVA was formed following the merger of Argentaria into BBV, which was approved by the shareholders of each entity on December&nbsp;18, 1999 and registered on January&nbsp;28, 2000. It
conducts its business under the commercial name &#147;BBVA&#148;. BBVA is registered with the Commercial Registry of Vizcaya (Spain). It has its registered office at Plaza de San Nicol&aacute;s 4, Bilbao, Spain, 48005, and operates out of Calle
Azul, 4, 28050, Madrid, Spain telephone number <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">+34-91-374-6201.</FONT></FONT></FONT> BBVA&#146;s agent in the U.S. for U.S. federal securities law
purposes is Banco Bilbao Vizcaya Argentaria, S.A. New York Branch (1345 Avenue of the Americas, 44th Floor, New York, New York 10105 (Telephone: <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">212-728-1660)).</FONT></FONT> BBVA is
incorporated for an unlimited term. </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:Times New Roman" ALIGN="center">33 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Capital Expenditures </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our principal investments are financial investments in our subsidiaries and affiliates. The main capital expenditures from 2014 to the date of
this Annual Report were the following: </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>2017 </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On March&nbsp;22, 2017, we acquired 41,790,000,000 shares (in the aggregate) of Garanti (amounting to 9.95% of the total issued share capital
of Garanti) from Do&#287;u&#351; Holding A.&#350;. and Do&#287;u&#351; Ara&#351;t&#305;rma Geli&#351;tirme ve M&uuml;&#351;avirlik Hizmetleri A.&#350;., under certain agreements entered into on February&nbsp;21, 2017, at a purchase price of 7.95
Turkish Liras (&#147;<B>TL</B>&#148;) per share&nbsp;(approximately 3,322&nbsp;million TL or &#128;859&nbsp;million in the aggregate). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Following the completion of this acquisition, the shareholding structure of Garanti is approximately as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="17%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Shareholders&#146;&nbsp;stakes</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">BBVA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49.85</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Do&#287;u&#351; Holding A.&#350;.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.05</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Rest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50.10</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Total</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>2016 </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In 2016 there were no significant capital expenditures. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>2015 </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Acquisition of an
additional 14.89% of Garanti </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On July&nbsp;27, 2015, we acquired 62,538,000,000 shares (in the aggregate) of Garanti from
Do&#287;u&#351; Holding A.&#350;., Ferit Faik &#350;ahenk, Dianne &#350;ahenk and Defne &#350;ahenk, under certain agreements entered into on November&nbsp;19, 2014. The total price effectively paid by BBVA amounted to 8.765 TL per batch of 100
shares, amounting to approximately TL 5,481&nbsp;million and &#128;1,857&nbsp;million applying a 2.9571 TL/EUR exchange rate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Following
this acquisition, we held 39.90% of Garanti&#146;s share capital and started to fully consolidate Garanti&#146;s results in our consolidated financial statements as we determined we were able to control such entity. On March&nbsp;22, 2017, we
completed the acquisition of an additional 9.95% stake in Garanti. See <I>&#147;&#151;</I><I></I><I>&nbsp;2017&#148; </I>above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In
accordance with the IFRS-IASB accounting rules, at the date of achieving effective control over Garanti, BBVA had to measure at fair value its previously acquired stake of 25.01% in Garanti (classified as a joint venture accounted for under the
equity method). This resulted in a negative impact in <I>&#147;Gains (losses) on derecognition of <FONT STYLE="white-space:nowrap">non-financial</FONT> assets and subsidiaries, net&#148;</I> in the consolidated income statement of the BBVA Group for
the year ended December&nbsp;31, 2015, which resulted, in turn, in a net negative impact in the &#147;Profit attributable to parent company&#148; of the BBVA Group in 2015 amounting to &#128;1,840&nbsp;million. Such accounting impact did not result
in any additional cash outflow from BBVA. Most of this impact resulted from the depreciation of the TL against the Euro since the acquisition by BBVA of such stake until the date of achieving such effective control. </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:Times New Roman" ALIGN="center">34 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Acquisition of Catalunya Banc </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On April&nbsp;24, 2015, once the necessary authorizations had been obtained and all the agreed conditions precedent had been fulfilled, BBVA
announced the acquisition of 1,947,166,809 shares of Catalunya Banc, S.A. (&#147;<B>Catalunya Banc</B>&#148;) (approximately 98.4% of its share capital) for a price of approximately &#128;1,165&nbsp;million. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Previously, on July&nbsp;21, 2014, the Management Commission of the FROB had accepted BBVA&#146;s bid in the competitive auction for the
acquisition of Catalunya Banc. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>2014 </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In 2014 there were no significant capital expenditures. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Capital Divestitures </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our principal
divestitures are financial divestitures in our subsidiaries and in affiliates. The main capital divestitures from 2014 to the date of this Annual Report were the following: </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>2016 </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In 2016 there were no
significant capital divestitures. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>2015 </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Sale of the participation in Citic International Financial Holdings Limited (CIFH) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On December&nbsp;23, 2014, the BBVA Group signed an agreement to sell its 29.68% participation in Citic International Financial Holdings
Limited ( &#147;<B>CIFH</B>&#148;) to China CITIC Bank Corporation Limited (&#147;<B>CNCB</B>&#148;). CIFH is a <FONT STYLE="white-space:nowrap">non-listed</FONT> subsidiary of CNCB domiciled in Hong Kong. On August&nbsp;27, 2015, BBVA completed the
sale of this participation. The selling price of HK$8,162&nbsp;million was registered under <I>&#147;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&#148;.</I> </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Partial sale of China CITIC Bank Corporation Limited (CNCB) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On January&nbsp;23, 2015, the BBVA Group signed an agreement to sell a 4.9% stake in CNCB to UBS AG, London Branch (UBS), which in turn entered
into transactions pursuant to which such CNCB shares were to be transferred to a third party, with the ultimate economic benefit of ownership of such CNCB shares being transferred to Xinhu Zhongbao Co., Ltd (Xinhu) (collectively, the
&#147;<B>Relevant Transactions</B>&#148;). On March&nbsp;12, 2015, after having obtained the necessary approvals, BBVA completed the sale. The selling price to UBS was HK$5.73 per share, amounting to a total of HK$13,136&nbsp;million, equivalent to
approximately &#128;1,555&nbsp;million (with an exchange rate of &#128;/HK$=8.45 as of the date of the closing). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition to the sale
of this 4.9% stake, the BBVA Group made various sales of CNCB shares in the market during 2015. In total, a participation of 6.34% in CNCB was sold during 2015. The impact of these sales on the Consolidated Financial Statements of the BBVA Group was
a gain, net of taxes, of approximately &#128;705&nbsp;million in 2015. This gain, gross of taxes, was recognized under <I>&#147;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&#148;</I> in the consolidated income statement for 2015. See Note 50 to our Consolidated Financial Statements for additional information. </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:Times New Roman" ALIGN="center">35 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>2014 </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In 2014 there were no significant capital divestitures. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_14"></A>B. Business Overview </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">BBVA is a highly diversified international financial group, with strengths in the traditional banking businesses of retail banking, asset
management, private banking and wholesale banking. We also have investments in some of Spain&#146;s leading companies. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Operating Segments </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Set forth below are the Group&#146;s current seven operating segments: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Banking Activity in Spain </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Real Estate Activity in Spain </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Turkey </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Rest of Eurasia </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Mexico </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">South America </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">United States </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition to the operating segments referred to above, the Group has a
Corporate Center which includes those items that have not been allocated to an operating segment. It includes the Group&#146;s general management functions, including costs from central units that have a strictly corporate function; management of
structural exchange rate positions carried out by the Financial Planning unit; specific issues of capital instruments to ensure adequate management of the Group&#146;s overall capital position; proprietary portfolios such as holdings in some of
Spain&#146;s leading companies and their corresponding results; certain tax assets and liabilities; provisions related to commitments with pensioners; and goodwill and other intangibles. With respect to 2015, it also comprises the capital gains
resulting from the sale of an aggregate 6.34% stake in CNCB, the effect of the valuation at fair value of the 25.01% initial stake held by BBVA in Garanti, the impact of the sale of BBVA&#146;s 29.68% stake in CIFH and the negative goodwill
generated from the acquisition of Catalunya Banc. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The information presented below as of and for the year ended December&nbsp;31, 2014 has
been recast to reflect our current operating segments (see <I>&#147;Presentation of Financial Information&#148;</I> and Note 6 to the Consolidated Financial Statements). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The breakdown of the Group&#146;s total assets by operating segments as of December&nbsp;31, 2016, 2015 and 2014 is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>As of December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Banking Activity in Spain</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">332,642</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">339,775</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">318,431</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Real Estate Activity in Spain</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,713</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,122</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,168</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Turkey <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">84,866</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">89,003</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,342</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Rest of Eurasia</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,980</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,469</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,325</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mexico</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">93,318</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">99,594</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">93,834</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">South America</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77,918</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70,661</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">84,364</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">United States</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">88,902</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">86,454</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69,261</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Subtotal Assets by Operating Segment</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>710,339</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>726,079</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>627,765</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Corporate Center and other adjustments
<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,517</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,776</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,177</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Assets BBVA Group</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>731,856</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>749,855</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>631,942</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&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:Times New Roman" ALIGN="center">36 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The information as of December&nbsp;31, 2014 is presented under management criteria, pursuant to which Garanti&#146;s assets and liabilities have been proportionally integrated based on our 25.01% interest in Garanti as
of such dates. See Note 3 to the Consolidated Financial Statements. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">As of December&nbsp;31, 2014, other adjustments include adjustments made to account for the fact that, in the Consolidated Financial Statements, Garanti was previously accounted for using the equity method until the
acquisition of an additional 14.89% rather than using the management criteria referred to above. As of December&nbsp;31, 2015, there were some adjustments related to the ALCO management between the Corporate Center and the operating segments.
</TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth information relating to the profit (loss) attributable to parent company by each of
BBVA&#146;s operating segments and Corporate Center for the years ended December&nbsp;31, 2016, 2015 and 2014: </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:10pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Profit/(Loss)&nbsp;Attributable&nbsp;to&nbsp;Parent<BR>Company</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>%&nbsp;of&nbsp;Profit/(Loss)&nbsp;Attributable&nbsp;to<BR>Parent Company</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>For the Year Ended December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>(In Percentage)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Banking Activity in Spain</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">912</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,085</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">894</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Real Estate Activity in Spain</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(595</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(496</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(889</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13.9</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10.9</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(22.8</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Turkey<SUP STYLE="font-size:85%; vertical-align:top"> (2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">599</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">371</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">310</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Rest of Eurasia</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">151</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">255</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mexico</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,980</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,094</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,903</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">South America</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">771</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">905</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,001</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">United States</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">459</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">517</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">428</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Subtotal operating segments</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,276</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,551</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,903</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Corporate Center</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(801</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,910</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,285</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</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-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit attributable to parent company</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,475</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,642</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,618</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></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-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</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>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In the fourth quarter of 2015, certain operating expenses related to technology were reclassified from the Corporate Center to the Banking Activity in Spain segment. This reclassification was a consequence of the
reassignment of technology-related management competences, resources and responsibilities from the Corporate Center to the Banking Activity in Spain segment during 2015. In our Consolidated Financial Statements and throughout this Annual Report, the
comparative financial information by operating segment for 2014 has been retrospectively revised to reflect the reclassification of these expenses. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The<B><I> </I></B>information for the year ended December&nbsp;31, 2014 and with respect to 2015, until July 2015, is presented under management criteria, pursuant to which Garanti&#146;s results<B> </B>have been
proportionally integrated based on our 25.01% interest in Garanti until July 2015, when the acquisition of an additional 14.89% stake in Garanti was completed and we started consolidating 100% of the Garanti group. See Note 3 to the Consolidated
Financial Statements. </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:Times New Roman" ALIGN="center">37 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth information relating to the income of each operating segment for
the years ended December&nbsp;31, 2016, 2015 and 2014 and reconciles the income statement of the various operating segments to the consolidated income statement of the Group: </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:10pt" ALIGN="center">


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<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="26" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Operating Segments</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&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;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Banking<BR>Activity<BR>in Spain</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Real&nbsp;Estate<BR>Activity in<BR>Spain</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Turkey</B><br><B><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Rest of<BR>Eurasia</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Mexico</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>South<BR>America</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>United<BR>States</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Corporate<BR>Center</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Adjustments</B><br><B><SUP STYLE="font-size:85%; vertical-align:top">(2)&nbsp;(4)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>BBVA<BR>Group</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="42" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>2016</B></P></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>
<TD VALIGN="bottom">&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>
<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>
<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>
<TD VALIGN="bottom">&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>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net interest income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,883</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,404</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">166</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,126</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,930</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,953</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(461</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,059</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,059</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Gross income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,445</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,257</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">491</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,766</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,054</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,706</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(60</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,653</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,653</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net margin before
provisions&nbsp;<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,846</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(130</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,519</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">149</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,371</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">863</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(916</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,862</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,862</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Operating profit /(loss) before tax</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,278</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(743</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,906</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">203</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,678</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,552</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">612</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,094</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,392</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,392</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>912</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(595</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>599</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>151</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,980</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>771</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>459</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(801</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,475</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,475</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>2015</B></P></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>
<TD VALIGN="bottom">&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>
<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>
<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>
<TD VALIGN="bottom">&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>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net interest income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,001</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">71</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,194</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">183</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,387</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,202</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,811</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(424</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,426</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(404</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,022</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Gross income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,804</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(28</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,434</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">473</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,081</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,477</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,631</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(192</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,680</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(318</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,362</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net margin
before&nbsp;provisions&nbsp;<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,358</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(154</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,273</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">121</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,459</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,498</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">825</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,017</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,363</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(109</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,254</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Operating profit /(loss) before tax</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,548</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(716</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">853</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">111</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,772</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,814</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">685</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,187</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,879</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,276</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,603</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,085</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(496</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>371</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>75</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,094</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>905</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>517</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,910</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,642</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,642</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>2014</B></P></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>
<TD VALIGN="bottom">&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>
<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>
<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>
<TD VALIGN="bottom">&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>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net interest income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,830</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(34</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">735</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">189</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,906</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,699</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,443</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(651</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,116</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(734</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,382</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Gross income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,621</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(211</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">944</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">736</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,513</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,191</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,137</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(575</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,356</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(631</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,725</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net margin before provisions <SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,585</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(357</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">550</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">393</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,875</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">640</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,380</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,405</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(240</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,166</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Operating profit /(loss) before tax</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,272</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,275</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">392</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">320</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,508</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,951</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">561</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,666</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,063</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(83</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,980</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>894</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(889</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>310</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>255</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,903</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,001</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>428</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,285</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,618</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,618</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>The<B><I> </I></B>information for the year ended December&nbsp;31, 2014 and with respect to 2015, until July 2015, is presented under management criteria, pursuant to
which Garanti&#146;s results<B> </B>have been proportionally integrated based on our 25.01% interest in Garanti until July 2015, when the acquisition of an additional 14.89% stake in Garanti was completed and we started consolidating 100% of the
Garanti group. See Note 3 to the Consolidated Financial Statements. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Other adjustments include adjustments made to account for the fact that, until July 2015, in the Consolidated Financial Statements Garanti was accounted for using the
equity method rather than using the management criteria referred to above. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&#147;Net margin before provisions&#148; is calculated as &#147;Gross income&#148; less &#147;Administration costs&#148; and &#147;Depreciation&#148;.
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>In the fourth quarter of 2015, certain operating expenses related to technology were reclassified from the Corporate Center to the Banking Activity in Spain segment.
This reclassification was a consequence of the reassignment of technology-related management competences, resources and responsibilities from the Corporate Center to the Banking Activity in Spain segment during 2015. In our Consolidated Financial
Statements and throughout this Annual Report, the comparative financial information by operating segment for 2014 has been retrospectively revised to reflect the reclassification of these expenses. </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:Times New Roman" ALIGN="center">38 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following tables set forth information relating to the balance sheet of the main operating
segments as of December&nbsp;31, 2016, 2015 and 2014: </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:10pt" ALIGN="center">


<TR>
<TD WIDTH="63%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center"><B>As of December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Banking<BR>Activity<BR>in Spain</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Turkey</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Rest of<BR>Eurasia</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Mexico</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>South<BR>America</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>United<BR>States</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Assets</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>332,642</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>84,866</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>18,980</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>93,318</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>77,918</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>88,902</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Loans and advances to customers</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>187,313</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>57,941</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>15,709</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>47,938</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>50,333</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>62,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><I>Of which:</I></P></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>
<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>
<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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Residential mortgages</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81,659</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,135</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,432</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,410</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,441</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,913</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Consumer finance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,075</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,860</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">231</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,286</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,527</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,412</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Loans</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>5,308</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>8,925</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>217</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>6,630</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>7,781</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>6,837</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Credit cards</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>1,767</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>4,935</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>15</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>4,656</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>2,745</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>575</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans to enterprises</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,418</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32,732</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,340</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,684</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,495</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32,864</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans to public sector</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,262</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,862</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">685</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,594</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Liabilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>321,887</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>75,798</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>17,579</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>89,244</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>73,425</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>84,719</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Customer deposits</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>177,143</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>47,244</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>12,796</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>50,571</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>47,684</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>65,760</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Current and savings accounts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">98,949</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,515</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,442</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,112</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,369</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,430</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Time deposits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">67,097</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,096</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,174</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,048</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,509</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,765</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other customer funds</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,164</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">107</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,324</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,456</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Equity</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10,755</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>9,068</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,401</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,074</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,493</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,183</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="24"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center"><B>As of December&nbsp;31,<BR>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Banking<BR>Activity<BR>in Spain</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Turkey</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Rest of<BR>Eurasia</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Mexico</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>South<BR>America</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>United<BR>States</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Assets</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>339,775</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>89,003</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>23,469</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>99,594</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>70,661</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>86,454</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Loans and advances to customers</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>192,068</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>57,768</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>16,143</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>49,075</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>44,970</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>60,599</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><I>Of which:</I></P></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>
<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>
<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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Residential mortgages</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">85,029</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,215</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,614</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,099</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,810</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,182</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Consumer finance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,126</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,156</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">322</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,588</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,278</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,364</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Loans</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>4,499</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>9,010</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>305</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>6,550</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>6,774</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>6,784</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Credit cards</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>1,627</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>5,146</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>17</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>5,037</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>2,504</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>580</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans to enterprises</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,149</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,918</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,619</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,896</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,882</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans to public sector</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,798</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">216</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,197</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">630</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,442</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Liabilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>329,195</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>83,246</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>22,319</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>93,413</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>66,287</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>82,413</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Customer deposits</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>185,471</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>47,148</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>15,053</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>49,553</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>41,998</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>63,715</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Current and savings accounts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81,218</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,697</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,031</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32,165</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,011</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,717</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Time deposits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">78,403</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,695</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,319</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,049</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,990</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,456</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other customer funds</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,906</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">609</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,738</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,031</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Equity</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10,581</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,757</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,150</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,181</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,374</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,041</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></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:Times New Roman" ALIGN="center">39 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="63%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center"><B>As of December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Banking<BR>Activity<BR>in Spain</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Turkey</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Rest of<BR>Eurasia</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Mexico</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>South<BR>America</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>United<BR>States</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Assets</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>318,431</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>22,342</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>22,325</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>93,874</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>84,364</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>69,261</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Loans and advances to customers</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>174,201</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>13,635</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>15,795</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>46,829</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>52,920</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>49,667</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><I>Of which:</I></P></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>
<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>
<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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Residential mortgages</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74,508</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,413</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,779</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,272</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,622</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,876</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Consumer finance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,270</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,653</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">490</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,902</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,575</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,812</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Loans</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>3,946</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>2,402<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>475<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>5,686<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>9,336<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>5,291<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Credit cards</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>1,324</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>1,252<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>15<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>5,216<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>4,239<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>522<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans to enterprises</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37,224</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,442</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,119</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,707</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,846</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,202</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans to public sector</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,833</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">234</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,295</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">650</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,706</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Liabilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>309,216</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>21,839</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>19,138</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>45,937</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>78,395</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>66,052</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Customer deposits</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>154,264</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11,626</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11,042</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>45,937</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>56,370</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>51,394</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Current and savings accounts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">61,437</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,151</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,221</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,014</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35,268</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38,863</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Time deposits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70,521</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,860</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,341</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,014</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,340</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,231</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other customer funds</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,207</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">376</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,426</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,012</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Equity</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>9,214</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>503</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,186</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,368</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,969</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,209</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Banking Activity in Spain </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Banking Activity in Spain operating segment includes all of BBVA&#146;s banking and <FONT STYLE="white-space:nowrap">non-banking</FONT>
businesses in Spain, other than those included in the Corporate Center area and Real Estate Activity in Spain. The main business units included in this operating segment are: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><B><I>Spanish Retail Network</I></B>: including individual customers, private banking, small companies and businesses in the domestic market; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><B><I>Corporate and Business Banking (CBB)</I></B>: which manages small and medium sized enterprises (&#147;<B>SMEs</B>&#148;), companies and corporations, public institutions and developer segments; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><B><I>Corporate and Investment Banking (C&amp;IB)</I></B>: responsible for business with large corporations and multinational groups and the trading floor and distribution business in Spain; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><B><I>Other units</I></B>: which include the insurance business unit in Spain (BBVA Seguros), and the Asset Management unit, which manages Spanish mutual funds and pension funds. </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:Times New Roman" ALIGN="center">40 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, Banking Activity in Spain includes certain loans and advances portfolios, finance
and structural euro balance sheet positions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth information relating to the activity of this operating
segment as of December&nbsp;31, 2016, 2015 and 2014: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Assets</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>332,642</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>339,775</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>318,431</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Loans and advances to customers</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>187,313</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>192,068</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>174,201</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><I>Of which:</I></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Residential mortgages</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81,659</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">85,029</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74,508</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Consumer finance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,075</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,126</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,270</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Loans</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>5,308<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>4,499<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>3,946</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Credit cards</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>1,767<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>1,627<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>1,324</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans to enterprises</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,418</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,149</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37,224</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans to public sector</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,262</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,798</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,833</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Customer deposits</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>177,143</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>185,471</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>154,264</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><I>Of which:</I></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Current and savings accounts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">98,949</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81,218</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">61,437</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Time deposits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">67,097</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">78,403</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70,521</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other customer funds</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,164</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,906</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,207</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Assets under management</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>56,147</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>54,504</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>50,497</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><I>Of which:</I></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mutual funds</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32,648</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,484</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,444</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Pension funds</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,448</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,897</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,879</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other placements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">123</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">174</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Loans and advances to customers of this operating segment as of December&nbsp;31, 2016 amounted to
&#128;187,313&nbsp;million, a 2.5% decrease compared with the &#128;192,068&nbsp;million recorded as of December&nbsp;31, 2015, mainly as a result of a &#128;3,370&nbsp;million decrease in residential mortgages and, to a lesser extent, due to a
&#128;2,535&nbsp;million decrease in loans to the public sector, partially offset by a &#128;2,505&nbsp;million increase in repurchase agreements and other loans. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Customer deposits of this operating segment as of December&nbsp;31, 2016 amounted to &#128;177,143&nbsp;million, a 4.5% decrease compared with
the &#128;185,471&nbsp;million recorded as of December&nbsp;31, 2015, mainly due to the decrease in time deposits, partially offset by an increase in current and saving accounts. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Mutual funds of this operating segment as of December&nbsp;31, 2016 amounted to &#128;32,648&nbsp;million, a 3.7% increase compared with the
&#128;31,484&nbsp;million recorded as of December&nbsp;31, 2015. mainly as a result of increased activity during the year, encouraged by the low return on deposits and the improvement of markets. Pension funds of this operating segment as of
December&nbsp;31, 2016 amounted to &#128;23,448&nbsp;million, a 2.4% increase compared with the &#128;22,897&nbsp;million recorded as of December&nbsp;31, 2015. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This operating segment&#146;s <FONT STYLE="white-space:nowrap">non-performing</FONT> asset ratio decreased to 5.8% as of December&nbsp;31,
2016, from 6.6% as of December&nbsp;31, 2015, mainly due to the improvement in credit quality, as well as due to a strong rate of recoveries during 2016. This operating segment&#146;s <FONT STYLE="white-space:nowrap">non-performing</FONT> assets
coverage ratio decreased to 53.4% as of December&nbsp;31, 2016, from 59.5% as of December&nbsp;31, 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:Times New Roman" ALIGN="center">41 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Real Estate Activity in Spain </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This operating segment was set up with the aim of providing specialized and structured management of the real estate assets accumulated by the
Group as a result of the economic crisis in Spain. It includes primarily lending to real estate developers and foreclosed real estate assets. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Group&#146;s exposure to the real estate sector in Spain, including loans and advances to customers and foreclosed assets, has declined
over recent years. As of December&nbsp;31, 2016, the balance stood at &#128;10,307&nbsp;million, 16.8% lower than as of December&nbsp;31, 2015. <FONT STYLE="white-space:nowrap">Non-performing</FONT> assets of this segment have continued to decline
and as of December&nbsp;31, 2016 were 12.4% lower than as of December&nbsp;31, 2015. The coverage of <FONT STYLE="white-space:nowrap">non-performing</FONT> and potential problem loans of this segment decreased to 59.4% as of December&nbsp;31, 2016,
compared with 63.4% as of December&nbsp;31, 2015 of the total amount of real-estate assets in this operating segment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The number of real
estate assets sold amounted to 21,554 units in 2016, 2.2% higher than in 2015. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Turkey </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This operating segment reflects BBVA&#146;s stake in the Turkish bank Garanti. Following management criteria, assets and liabilities have been
proportionally integrated based on our 25.01% interest in Garanti until July 2015, when we acquired an additional 14.89% and we began to fully consolidate the Garanti group. See <I>&#147;&#151;</I><I></I><I>History and Development of the
Company&#151;Capital expenditures&#151;2017&#148;</I> for information on the new purchase agreement entered into with Do&#287;u&#351; Holding A.&#350;. and Do&#287;u&#351; Ara&#351;tirma Geli&#351;tirme ve M&uuml;&#351;avirlik Hizmetleri A.&#350;.
on February&nbsp;21, 2017. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table sets forth information relating to the business activity of this operating segment for the years ended
December&nbsp;31, 2016, 2015 and 2014: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Assets</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>84,866</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>89,003</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>22,342</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Loans and advances to customers</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>57,941</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>57,768</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>13,635</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><I>Of which:</I></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Residential mortgages</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,135</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,215</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,413</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Consumer finance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,860</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,156</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,653</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Loans</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>8,925</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>9,010</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>2,402</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Credit cards</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>4,935</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>5,146</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>1,252</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans to enterprises</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32,732</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,918</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,442</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans to public sector</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Customer deposits</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>47,244</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>47,148</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11,626</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><I>Of which:</I></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Current and savings accounts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,515</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,697</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,151</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Time deposits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,096</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,695</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,860</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Assets under management</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,753</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,620</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>882</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><I>Of which:</I></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mutual funds</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,192</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,243</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">344</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Pension funds</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,561</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,378</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">538</TD>
<TD NOWRAP VALIGN="bottom">&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:Times New Roman" ALIGN="center">42 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">During 2016, the Turkish lira depreciated against the euro in average terms from 3.0246
liras/&#128;&nbsp;in 2015 to 3.3427 liras/&#128;&nbsp;in 2016. In addition, there was a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">year-on-year</FONT></FONT> depreciation of the Turkish lira from 3.1765 liras/&#128;&nbsp;as of
December&nbsp;31, 2015 to 3.7072 liras/&#128;&nbsp;as of December&nbsp;31, 2016. The effect of these changes on exchange rates was negative for both the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">year-on-year</FONT></FONT>
comparison of the Group&#146;s income statement and the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">year-on-year</FONT></FONT> comparison of the Group&#146;s balance sheet. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Loans and advances to customers of this operating segment as of December&nbsp;31, 2016 amounted to &#128;57,941&nbsp;million, a 0.3% increase
compared with the &#128;57,768&nbsp;million recorded as of December&nbsp;31, 2015. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Customer deposits of this operating segment as of
December&nbsp;31, 2016 amounted to &#128;47,244&nbsp;million, a 0.2% increase compared with the &#128;47,148&nbsp;million recorded as of December&nbsp;31, 2015. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Mutual funds of this operating segment as of December&nbsp;31, 2016 amounted to &#128;1,192&nbsp;million, a 4.1% decrease compared with the
&#128;1,243&nbsp;million recorded as of December&nbsp;31, 2015, as a result of the depreciation of the Turkish lira. Excluding this impact, mutual funds of this operating segment increased 11.9% mainly due to the new agreement entered into with
BlackRock for the management of foreign assets and other bilateral agreements which were signed with a number of distributors to actively market mutual funds. See <I>&#147;Item 5. Operating and Financial Review and Prospects&#151;Operating
Results&#151;Factors Affecting the Comparability of our Results of Operations and Financial Condition&#151;Trends in Exchange Rates&#148; </I>for an explanation on how we have excluded the impact of changes in exchange rates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pension funds of this operating segment as of December&nbsp;31, 2016 amounted to &#128;2,561&nbsp;million, a 7.7% increase compared with the
&#128;2,378&nbsp;million recorded as of December&nbsp;31, 2015, as a result of the depreciation of the Turkish lira. Excluding this impact, pension funds in this operating segment increased 25.7% as a result of the positive performance. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This operating segment&#146;s <FONT STYLE="white-space:nowrap">non-performing</FONT> asset ratio decreased to 2.7% as of December&nbsp;31,
2016 from 2.8% as of December&nbsp;31, 2015. This operating segment&#146;s <FONT STYLE="white-space:nowrap">non-performing</FONT> assets coverage ratio decreased to 123.8% as of December&nbsp;31, 2016 from 129.3% as of December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Rest of Eurasia </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This operating segment
includes the retail and wholesale banking businesses carried out by the Group in Europe (primarily Portugal) and Asia, excluding Spain and Turkey. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth information relating to the business activity of this operating segment for the years ended December&nbsp;31,
2016, 2015 and 2014: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Assets</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>18,980</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>23,469</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>22,325</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Loans and advances to customers</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>15,709</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>16,143</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>15,795</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><I>Of which:</I></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Residential mortgages</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,432</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,614</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,779</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Consumer finance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">231</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">322</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">490</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Loans</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>217</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>305</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>475</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Credit cards</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>15</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>17</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>15</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans to enterprises</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,340</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,619</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,119</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans to public sector</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">216</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">234</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Customer deposits</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>12,796</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>15,053</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11,042</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><I>Of which:</I></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Current and savings accounts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,442</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,031</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,224</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Time deposits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,174</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,319</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,341</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other customer funds</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">107</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">609</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">376</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Assets under management</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>366</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>331</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>466</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><I>Of which:</I></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mutual funds</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">152</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Pension funds</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">366</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">331</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">314</TD>
<TD NOWRAP VALIGN="bottom">&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:Times New Roman" ALIGN="center">43 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Loans and advances to customers of this operating segment as of December&nbsp;31, 2016 amounted
to &#128;15,709&nbsp;million, a 2.7% decrease compared with the &#128;16,143&nbsp;million recorded as of December&nbsp;31, 2015, mainly as a result of the decrease in loans to companies and, to lesser extent, in loans to the public sector and in
residential mortgages. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Customer deposits of this operating segment as of December&nbsp;31, 2016 amounted to &#128;12,796&nbsp;million, a
15.0% decrease compared with the &#128;15,053&nbsp;million recorded as of December&nbsp;31, 2015, mainly as a result of a decline in the number of branches in Europe. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pension funds of this operating segment as of December&nbsp;31, 2016 amounted to &#128;366&nbsp;million, a 10.5% increase compared with the
&#128;331&nbsp;million recorded as of December&nbsp;31, 2015, mainly as a result of a positive performance of the funds portfolio. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This
operating segment&#146;s <FONT STYLE="white-space:nowrap">non-performing</FONT> assets ratio increased to 2.7% as of December&nbsp;31, 2016 from 2.5% as of December&nbsp;31, 2015. This operating segment&#146;s
<FONT STYLE="white-space:nowrap">non-performing</FONT> assets coverage ratio decreased to 84.3%. as of December&nbsp;31, 2016 from 96.4% as of December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Mexico </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Mexico operating segment
comprises the banking and insurance businesses conducted in Mexico by the BBVA Bancomer financial group. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth
information relating to the business activity of this operating segment for the years ended December&nbsp;31, 2016, 2015 and 2014: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Assets</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>93,318</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>99,594</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>93,874</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Loans and advances to customers</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>47,938</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>49,075</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>46,829</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><I>Of which:</I></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Residential mortgages</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,410</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,099</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,272</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Consumer finance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,286</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,588</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,902</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Loans</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>6,630</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>6,550</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>5,686</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Credit cards</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>4,656</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>5,037</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>5,216</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans to enterprises</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,684</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,707</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans to public sector</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,862</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,197</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,295</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Customer deposits</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>50,571</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>49,553</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>45,937</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><I>Of which:</I></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Current and savings accounts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,112</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32,165</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,014</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Time deposits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,048</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,049</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,426</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other customer funds</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,324</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,738</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,537</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Assets under management</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>23,715</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>21,557</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>22,094</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><I>Of which:</I></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mutual funds</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,331</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,894</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,691</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other placements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,384</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,663</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,403</TD>
<TD NOWRAP VALIGN="bottom">&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:Times New Roman" ALIGN="center">44 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Mexican peso depreciated against the euro as of December&nbsp;31, 2016 compared with
December&nbsp;31, 2015, negatively affecting the business activity of the Mexico operating segment as of December&nbsp;31, 2016 expressed in euro. See <I>&#147;</I><I>Item 5. Operating and Financial Review and Prospects</I><I>&#151;</I><I>Operating
Results</I><I>&#151;</I><I>Factors Affecting the Comparability of our Results of Operations and Financial Condition</I><I>&#151;</I><I>Trends in Exchange Rates</I><I>&#148;</I><I>.</I> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Loans and advances to customers of this operating segment as of December&nbsp;31, 2016 amounted to &#128;47,938&nbsp;million, a 2.3% decrease
compared with the &#128;49,075&nbsp;million recorded as of December&nbsp;31, 2015, mainly as a result of the impact of the depreciation of the Mexican peso (which had an estimated impact of approximately &#128;3,945million). Excluding this impact,
the change in loans and advances to customers was mainly due to an increase in loans to enterprises and, to a lesser extent, an increase in consumer loans, partially offset by a decrease in repurchase agreements and other loans. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Customer deposits of this operating segment as of December&nbsp;31, 2016 amounted to &#128;50,571&nbsp;million, a 2.1% increase compared with
the &#128;49,553&nbsp;million recorded as of December&nbsp;31, 2015 mainly as a result of an overall increase in most product lines, partially offset by the impact of the depreciation of the Mexican peso. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Mutual funds of this operating segment as of December&nbsp;31, 2016 amounted to &#128;16,331&nbsp;million, an 8.7% decrease compared with
&#128;17,894&nbsp;million recorded as of December&nbsp;31, 2015, mainly due to the depreciation of the Mexican peso. Excluding the impact of the depreciation of the Mexican peso there was an increase of 5.1%. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This operating segment&#146;s <FONT STYLE="white-space:nowrap">non-performing</FONT> assets ratio decreased to 2.3% as of December&nbsp;31,
2016, from 2.6% as of December&nbsp;31, 2015. This operating segment <FONT STYLE="white-space:nowrap">non-performing</FONT> assets coverage ratio increased to 127% as of December&nbsp;31, 2016, from 121% as of December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>South America </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The South America
operating segment includes the BBVA Group&#146;s banking and insurance businesses in the region. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The business units included in the South
America operating segment are: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><B><I>Retail and Corporate Banking</I></B><I>: </I>includes banks in Argentina, Chile, Colombia, Paraguay, Peru, Uruguay and Venezuela. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><B><I>Insurance: </I></B>includes insurance businesses in Argentina, Chile, Colombia and Venezuela. </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:Times New Roman" ALIGN="center">45 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth information relating to the business activity of this operating
segment for the years ended December&nbsp;31, 2016, 2015 and 2014: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Assets</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>77,918</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>70,661</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>84,364</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Loans and advances to customers</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>50,333</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>44,970</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>52,920</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><I>Of which:</I></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Residential mortgages</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,441</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,810</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,622</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Consumer finance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,527</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,278</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,575</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Loans</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>7,781</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>6,774</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>9,336</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Credit cards</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>2,745</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>2,504</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>4,239</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans to enterprises</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,495</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,896</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,846</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans to public sector</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">685</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">630</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">650</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Customer deposits</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>47,684</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>41,998</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>56,370</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><I>Of which:</I></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Current and savings accounts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,369</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,011</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35,268</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Time deposits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,509</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,990</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,340</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other customer funds</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,456</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,031</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,012</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Assets under management</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>12,800</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11,449</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,480</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><I>Of which:</I></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mutual funds</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,859</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,793</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,848</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Pension funds</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,043</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,936</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,632</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The <FONT STYLE="white-space:nowrap">period-end</FONT> exchange rate against the euro of the currencies of the
countries in which the BBVA Group operates in South America decreased, on average, in 2016, compared with December 2015, negatively affecting the business activity in South America. The depreciation of the Venezuelan bolivar as of December&nbsp;31,
2016 was particularly significant. See <I>&#147;</I><I>Item 5. Operating and Financial Review and Prospects</I><I>&#151;</I><I>Operating Results</I><I>&#151;</I><I>Factors Affecting the Comparability of our Results of Operations and Financial
Condition</I><I>&#151;</I><I>Trends in Exchange Rates</I><I>&#148;</I><I>.</I> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Loans and advances to customers of this operating segment
as of December&nbsp;31, 2016 amounted to &#128;50,333&nbsp;million, a 11.9% increase compared with the &#128;44,970&nbsp;million recorded as of December&nbsp;31, 2015, mainly as a result of an increase in residential mortgages. By country, the
largest increase was registered in Colombia, where the increase in loans and advances to customers were partially offset by a negative exchange rate effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Customer deposits of this operating segment as of December&nbsp;31, 2016 amounted to &#128;47,684&nbsp;million, a 13.5% increase compared with
the &#128;41,998&nbsp;million recorded as of December&nbsp;31, 2015, mainly as a result of a positive performance in time deposits in Argentina and Colombia, partially offset by a negative exchange rate effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Mutual funds of this operating segment as of December&nbsp;31, 2016 amounted to &#128;4,859&nbsp;million, a 28.1% increase compared with the
&#128;3,793&nbsp;million recorded as of December&nbsp;31, 2015, mainly due to the positive performance in Argentina, Chile and Peru, which was partially offset by the significant depreciation of the Venezuelan bolivar. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pension funds in this operating segment as of December&nbsp;31, 2016 amounted to &#128;7,043&nbsp;million, an 18.6% increase from the
&#128;5,936&nbsp;million recorded as of December&nbsp;31, 2015, mainly as a result of increased volumes in Bolivia. </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:Times New Roman" ALIGN="center">46 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This operating segment&#146;s <FONT STYLE="white-space:nowrap">non-performing</FONT> assets ratio
increased to 2.9% as of December&nbsp;31, 2016, from 2.3% as of December&nbsp;31, 2015, due to the weaker economic conditions in the region. This operating segment <FONT STYLE="white-space:nowrap">non-performing</FONT> assets coverage ratio
decreased to 103% as of December&nbsp;31, 2016, from 123% as of December&nbsp;31, 2015. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>United States </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This operating segment encompasses the Group&#146;s business in the United States. BBVA Compass accounted for approximately 98% of the
operating segment&#146;s balance sheet as of December&nbsp;31, 2016. Given its size in this segment, most of the comments below refer to BBVA Compass. This operating segment also includes the assets and liabilities of the BBVA office in New York,
which specializes in transactions with large corporations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth information relating to the business activity
of this operating segment for the years ended December&nbsp;31, 2016, 2015 and 2014: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Assets</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>88,902</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>86,454</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>69,261</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Loans and advances to customers</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>62,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>60,599</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>49,667</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><I>Of which:</I></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Residential mortgages</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,913</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,182</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,876</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Consumer finance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,412</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,364</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,812</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Loans</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>6,837</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>6,784</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>5,291</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Credit cards</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>575</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>580</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>522</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans to enterprises</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32,864</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,882</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,202</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans to public sector</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,594</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,442</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,706</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Customer deposits</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>65,760</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>63,715</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>51,394</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><I>Of which:</I></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Current and savings accounts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,430</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,717</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38,863</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Time deposits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,765</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,456</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,231</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The U.S. dollar appreciated against the euro as of December&nbsp;31, 2016 compared with December&nbsp;31,
2015, positively affecting the business activity of the United States operating segment expressed in euro. See &#147;<I>Item 5. </I><I>Operating and Financial Review and Prospects</I><I>&#151;</I><I> Operating Results</I><I>&#151;</I><I>Factors
Affecting the Comparability of our Results of Operations and Financial Condition</I><I>&#151;</I><I>Trends in Exchange Rates</I><I>&#148;</I><I>.</I> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Loans and advances to customers of this operating segment as of December&nbsp;31, 2016 amounted to &#128;62,000&nbsp;million, a 2.3% increase
compared with the &#128;60,599&nbsp;million recorded as of December&nbsp;31, 2015, mainly as a result of the impact of the appreciation of the U.S. dollar. Excluding this impact, loans and advances to customers fell due to a decrease in residential
mortgages and in consumer loans. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Customer deposits of this operating segment as of December&nbsp;31, 2016 amounted to
&#128;65,760&nbsp;million, a 3.2% increase compared with the &#128;63,715&nbsp;million recorded as of December&nbsp;31, 2015, mainly as a result of the impact of the appreciation of the U.S. dollar. Excluding this positive impact, customer deposits
decreased mainly due to a reduction in time deposits, partially offset by an increase in current and savings accounts. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This operating
segment&#146;s <FONT STYLE="white-space:nowrap">non-performing</FONT> assets ratio increased to 1.5% as of December&nbsp;31, 2016, from 0.9% as of December&nbsp;31, 2015. This operating segment <FONT STYLE="white-space:nowrap">non-performing</FONT>
assets coverage ratio decreased to 94% as of December&nbsp;31, 2016, from 151% as of December&nbsp;31, 2015, mainly as a result of improvements in the Energy portfolio and by customers related to the oil and gas industry. </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:Times New Roman" ALIGN="center">47 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Insurance Activity </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">See Note 23 to our Consolidated Financial Statements for information on our insurance activity. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Monetary Policy </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The integration of Spain
into the European Monetary Union (&#147;<B>EMU</B>&#148;) on January&nbsp;1, 1999 implied the yielding of monetary policy sovereignty to the Eurosystem. The &#147;<B>Eurosystem</B>&#148; is composed of the ECB and the national central banks of the
19 member countries that form the EMU. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Eurosystem determines and executes the policy for the single monetary union of the 19 member
countries of the EMU. The Eurosystem collaborates with the central banks of member countries to take advantage of the experience of the central banks in each of its national markets. The basic tasks carried out by the Eurosystem include: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">defining and implementing the single monetary policy of the EMU; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">conducting foreign exchange operations in accordance with the set exchange policy; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">lending to national monetary financial institutions in collateralized operations; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">holding and managing the official foreign reserves of the member states; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">promoting the smooth operation of the payment systems. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, the Treaty on the EU
(&#147;<B>EU</B> <B>Treaty</B>&#148;) establishes a series of rules designed to safeguard the independence of the system, in its institutional as well as its administrative functions. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Supervision and Regulation </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Since
September 2012, significant progress has been made toward the establishment of a European banking union. Banking union is expected to be achieved through new harmonized banking rules (the single rulebook) and a new institutional framework with
stronger systems for both banking supervision and resolution that will be managed at the European level. Its two main pillars are the SSM and the SRM. As a further step to a fully-fledged banking union, in November 2015, the European Commission put
forward a proposal for a European Deposit Insurance Scheme (EDIS), which intends to provide a stronger and more uniform degree of insurance cover for all retail depositors in the banking union. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to Article 127(6) of the Treaty on the Functioning of the EU and the SSM Framework Regulation, the ECB is responsible for specific
tasks concerning the prudential supervision of credit institutions established in participating Member States. Since 2014, it carries out these supervisory tasks within the SSM framework, composed of the ECB and the relevant national authorities.
The ECB is responsible for the effective and consistent functioning of the SSM, with a view to carrying out effective banking supervision, contributing to the safety and soundness of the banking system and the stability of the financial system. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Its main aims are to: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">ensure the safety and soundness of the European banking system; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">increase financial integration and stability; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">ensure consistent supervision. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The ECB, in cooperation with the relevant national
supervisors, is responsible for the effective and consistent functioning of the SSM. </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:Times New Roman" ALIGN="center">48 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">It has the authority to: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">conduct supervisory reviews, <FONT STYLE="white-space:nowrap">on-site</FONT> inspections and investigations; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">grant or withdraw banking licenses; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">assess banks&#146; acquisitions and disposals of qualifying holdings; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">ensure compliance with EU prudential rules; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">set higher capital requirements (&#147;<B>buffers</B>&#148;) in order to counter any financial risks. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, since November 2014, it assumed the direct supervision of the 123 significant banks of the participating countries, including
Banco Bilbao Vizcaya Argentaria, S.A. These banks hold almost 82% of banking assets in the Eurozone. Ongoing supervision of the significant banks is carried out by Joint Supervisory Teams (&#147;<B>JSTs</B>&#148;). Each significant bank has a
dedicated JST, comprising staff of the ECB and the relevant national supervisors (in our case, the Bank of Spain). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The criteria for
determining whether a bank is considered significant (and therefore whether it falls under the ECB&#146;s direct supervision) are set out in the SSM Framework Regulation and the Regulation (EU) No.&nbsp;468/2014 of the European Central Bank of
April&nbsp;16, 2014 establishing the framework for cooperation within the SSM between the European Central Bank and national competent authorities and with national designated authorities (the &#147;<B>SSM Framework Regulation</B>&#148;). To qualify
as significant, a bank must fulfill at least one of these criteria: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">size: the total value of its assets exceeds &#128;30&nbsp;billion; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">economic importance: for the specific country or the EU economy as a whole; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">cross border activities: the total value of its assets exceeds &#128;5&nbsp;billion and the ratio of its cross-border assets/liabilities in more than one other participating Member State to its total assets/liabilities
is above 20%; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">direct public financial assistance: it has requested or received funding from the European Stability Mechanism (the &#147;<B>ESM</B>&#148;) or the European Financial Stability Facility. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The ECB can decide at any time to classify a bank as significant to ensure that high supervisory standards are applied consistently. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The ECB indirectly supervises banks that are not considered significant (also known as &#147;less significant&#148; institutions), which
continue to be supervised by their national supervisors, in close cooperation with the ECB. See <I>&#147;&#151;</I><I></I><I>Bank of Spain&#148;</I> below for an explanation of the tasks to be performed by the Bank of Spain. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Bank of Spain </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
Bank of Spain was established in 1962 as a public law entity (entidad de derecho p&uacute;blico) that operates as Spain&#146;s autonomous central bank. In addition, it has the ability to function as a private bank. Except in its public functions,
the Bank of Spain&#146;s relations with third parties are governed by private law, and its actions are subject to the civil and business law codes and regulations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Until January&nbsp;1, 1999, the Bank of Spain was also the sole entity responsible for implementing Spanish monetary policy. For a description
of monetary policy since the introduction of the euro, see <I>&#147;&#151;</I><I></I><I>Monetary Policy&#148;.</I> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Since January&nbsp;1,
1999, the Bank of Spain has performed the following basic functions attributed to the Eurosystem: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">defining and implementing the Eurosystem&#146;s monetary policy, with the principal aim of maintaining price stability across the Eurozone; </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:Times New Roman" ALIGN="center">49 </P>


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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">conducting currency exchange operations consistent with the provisions of Article 219 of the EU Treaty, and holding and managing the Member States&#146; official currency reserves; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">promoting the sound working of payment systems in the Eurozone; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">issuing legal tender banknotes. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Recognizing the foregoing functions as a fully-fledged member
of the Eurosystem, the Bank of Spain Law of Autonomy (Ley de Autonom&iacute;a del Banco de Espa&ntilde;a) stipulates the performance of the following functions by the Bank of Spain: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">holding and managing currency and precious metal reserves not transferred to the ECB; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">promoting the proper working and stability of the financial system and, without prejudice to the functions of the ECB, the proper working of the national payment systems, providing emergency liquidity assistance (ELA);
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">promoting the sound working and stability of the financial system and, without prejudice to the functions of the ECB, of national payment systems; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">placing coins in circulation and the performance, on behalf of the State, of all such other functions entrusted to it in this connection; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">preparing and publishing statistics relating to its functions, and assisting the ECB in the compilation of the necessary statistical information; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">providing treasury services and acting as financial agent for government debt; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">advising the government, preparing the appropriate reports and studies; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">exercising all other powers attributed to it by legislation. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As indicated above, on
November&nbsp;4, 2014 the ECB assumed responsibility for the supervision of Eurozone banks, following a year-long preparatory phase that included an <FONT STYLE="white-space:nowrap">in-depth</FONT> examination of the resilience and balance sheets of
the largest banks in the Eurozone. For all the banks not supervised directly by the ECB, around 3,500 banks, the ECB will also set and monitor the relevant supervisory standards and work closely with the national competent authorities in the
supervision of these banks. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The ECB has set up homogenous criteria for all the supervised institutions under the SSM and has assumed
decision-making power. National authorities, such as the Bank of Spain, provide their knowledge on their financial systems and the entities located in their jurisdictions. Therefore, the role of the Bank of Spain continues to be relevant for
financial entities located in Spain. In particular, the Bank of Spain&#146;s tasks include the following: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">it collaborates with the ECB in the supervision of significant entities through its participation in the JSTs of the relevant Spanish banks, and has a leading role in the <FONT STYLE="white-space:nowrap">on-site</FONT>
inspections; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the Bank of Spain supervises directly the less significant Spanish banks. The ECB&#146;s indirect supervision of these entities is focused on the homogenization of supervisory criteria and reception of information;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">there are several supervisory competences over banking entities, for example money laundering and terrorist financing, customer protection and certain aspects of the monitoring of the financial markets that are out of
the scope of the SSM and remain under the purview of the Bank of Spain; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the Bank of Spain participates in certain administrative processes controlled by the ECB, such as the granting or withdrawal of licenses and the application of fit and proper tests to members of the board and senior
management of Spanish banks, and supports the ECB in cross-border tasks such as the definition of policies, methodologies or crisis management; </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:Times New Roman" ALIGN="center">50 </P>


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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the Bank of Spain continues to supervise other institution such as appraisal companies or specialist credit institutions, <FONT STYLE="white-space:nowrap">e-money</FONT> issuing entities, mutual guarantee and <FONT
STYLE="white-space:nowrap">re-guarantee</FONT> companies; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the Bank of Spain participates in the governing bodies of the SSM contributing to the adoption of decisions affecting all credit institutions located in the Eurozone. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Single Resolution Fund </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Single
Resolution Fund (the &#147;<B>Fund</B>&#148;) was established pursuant to Regulation (EU) No 806/2014 as a single financing arrangement for all the Member States participating in the SSM. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Fund should be used in resolution procedures where the Single Resolution Board (&#147;<B>SRB</B>&#148;) considers it necessary to ensure
the effective application of the resolution tools. The Fund should have adequate financial resources to allow for an effective functioning of the resolution framework by being able to intervene, where necessary, for the effective application of the
resolution tools and to protect financial stability without recourse to taxpayers&#146; money. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The SRB should calculate the annual
contributions to the Fund on the basis of a single target level established as 1% of the amount of covered deposits of all of the credit institutions authorized in all of the participating Member States. The SRB should ensure that the available
financial means of the Fund reach at least the target level by the end of an initial period of eight years from January&nbsp;1, 2016. The annual contribution to the Fund should be based on a flat contribution determined on the basis of an
institution&#146;s liabilities excluding own funds and covered deposits and a risk-adjusted contribution depending on the risk profile of that institution. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Deposit Guarantee Fund of Credit Institutions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Deposit Guarantee Fund of Credit Institutions (<I>Fondo de Garant&iacute;a de Dep&oacute;sitos</I> or &#147;<B>FGD</B>&#148;), which
operates under the guidance of the Bank of Spain, was set up by virtue of Royal <FONT STYLE="white-space:nowrap">Decree-Law</FONT> 16/2011, of October 14. It is an independent legal entity and enjoys full authority to fulfill its functions. Royal <FONT
STYLE="white-space:nowrap">Decree-Law</FONT> 16/2011 unified the three previous guarantee funds that existed in Spain: the Deposit Guarantee Fund of Saving Banks, the Deposit Guarantee Fund of Credit Entities and the Deposit Guarantee Fund of
Banking Establishments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The main objective of the FGD is to guarantee deposits and securities held by credit institutions, up to the
limit of &#128;100,000. It also has the authority to carry out any such actions necessary to reinforce the solvency and operation of credit institutions in difficulty, with the purpose of defending the interests of depositors and deposit guarantee
funds. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In order to fulfill its purposes, the FGD receives annual contributions from member credit institutions. The current annual
contribution requirement is &#128;2 for every &#128;1,000 guaranteed deposits held by the respective member institution as of <FONT STYLE="white-space:nowrap">year-end.</FONT> The Minister of the Economy and Finance is authorized to reduce the
contributions when the FGD&#146;s equity is considered sufficient to meet its needs. Moreover, it may suspend contributions when the FGD&#146;s total equity reaches 1% of the calculation base of the contributions of the member institutions as a
whole. Under certain circumstances defined by law, there may be extraordinary contributions from the institutions, and the European Central Bank may also require exceptional contributions of an amount set by law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, 2015 and 2014 all of the Spanish banks belonging to the BBVA Group were members of the FGD and were thus
obligated to make annual contributions to it. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Investment Guarantee Fund </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Royal Decree 948/2001, of August&nbsp;3, regulates investor guarantee schemes (<I>Fondo de Garant&iacute;a de Inversores</I>) related to both
investment firms and to credit institutions. These schemes are set up through an investment guarantee fund for securities broker and broker-dealer firms and the deposit guarantee funds already in place for credit institutions. A series of specific
regulations have also been enacted, defining the system for contributing to the funds. </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:Times New Roman" ALIGN="center">51 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The General Investment Guarantee Fund Management Company was created in a relatively short period
of time and is a business corporation with capital in which all the fund members hold an interest. Member firms must make a joint annual contribution to the fund equal to 0.06% over the 5% of the securities that they hold on their client&#146;s
behalf. However, it is foreseen that these contributions may be reduced if the fund reaches a level considered to be sufficient. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Liquidity Requirements &#150; Minimum Reserve Ratio </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The legal framework for the minimum reserve ratio is set out in Regulation (EC) No.&nbsp;2818/98 of the ECB of December&nbsp;1, 1998 on the
application of minimum reserves (ECB/1998/15). The reserve coefficient for overnight deposits, deposits with agreed maturity or period of notice up to two years, debt securities issued with maturity up to two years and money market paper is 1%. For
deposits with agreed maturity or period of notice over two years, repos and debt securities issued with maturity over two years there is no required reserve coefficient. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Investment Ratio </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In the past, the government used the investment ratio to allocate funds among specific sectors or investments. As part of the liberalization of
the Spanish economy, it was gradually reduced to a rate of zero percent as of December&nbsp;31, 1992. However, the law that established the ratio has not been abolished and the government could <FONT STYLE="white-space:nowrap">re-impose</FONT> the
ratio, subject to applicable EU requirements. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Capital Requirements </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In December 2010, the Basel Committee on Banking Supervision (the &#147;<B>Basel Committee</B>&#148;) proposed a number of fundamental reforms
to the regulatory capital framework for internationally active banks (the &#147;Basel III capital reforms&#148;). The Basel III capital reforms raised the quantity and quality of capital required to be held by a financial institution with an
emphasis on Common Equity Tier 1 capital (the &#147;<B>CET1 capital</B>&#148;) and introduced an additional requirement for both a capital conservation buffer and a countercyclical buffer to be met with CET1 capital. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a Spanish credit institution, we are subject to the CRD IV Directive, through which the EU began implementing the Basel III capital
reforms, with effect from January&nbsp;1, 2014, with certain requirements in the process of being phased in until January&nbsp;1, 2019. The core regulation regarding the solvency of credit entities is the CRR, which is complemented by several
binding regulatory technical standards, all of which are directly applicable in all EU Member States, without the need for national implementation measures. The implementation of CRD IV Directive into Spanish law has taken place through <FONT
STYLE="white-space:nowrap">RD-L</FONT> 14/2013, Law 10/2014, RD 84/2015, Bank of Spain Circular 2/2014 and Bank of Spain Circular 2/2016. On November&nbsp;23, 2016, the European Commission published a package of proposals, the EU Banking Reforms,
including measures to increase the resilience of EU institutions and enhance financial stability. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Among other things, CRD IV established
minimum &#147;Pillar 1&#148; capital requirements both on a consolidated and individual basis (which includes a CET1 capital ratio of 4.5%, a Tier 1 capital ratio of 6% and a total capital ratio of 8% of risk-weighted assets). Additionally, CRD IV
increased the level of capital required by means of a &#147;combined buffer requirement&#148; that entities must comply with from 2016 onwards. The &#147;combined buffer requirement&#148; has introduced five new capital buffers: (i)&nbsp;the capital
conservation buffer, (ii)&nbsp;the <FONT STYLE="white-space:nowrap">G-SIB</FONT> buffer, (iii)&nbsp;the institution-specific countercyclical buffer, (iv)&nbsp;the <FONT STYLE="white-space:nowrap">D-SIB</FONT> buffer and (v)&nbsp;the systemic risk
buffer. The &#147;combined buffer requirement&#148; applies in addition to the minimum &#147;Pillar 1&#148; capital requirements and is required to be satisfied with CET1 capital. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The combination of the capital conservation buffer, the institution-specific countercyclical buffer and the higher of (depending on the
institution) the systemic risk buffer, the <FONT STYLE="white-space:nowrap">G-SIB</FONT> buffer and the <FONT STYLE="white-space:nowrap">D-SIB</FONT> buffer, in each case (if applicable to the relevant institution&#151;in the event that the systemic
risk buffer only applies to local exposures, such buffer is added to the higher of the <FONT STYLE="white-space:nowrap">G-SIB</FONT> buffer or the <FONT STYLE="white-space:nowrap">D-SIB</FONT> buffer) is referred to as the &#147;combined buffer
requirement&#148;. This &#147;combined buffer requirement&#148; is in addition to the &#147;Pillar 1&#148; and the &#147;Pillar 2&#148; capital requirements and is required to be satisfied with CET1 capital. </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:Times New Roman" ALIGN="center">52 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The <FONT STYLE="white-space:nowrap">G-SIB</FONT> buffer applies to those institutions included
on the list of <FONT STYLE="white-space:nowrap">G-SIBs,</FONT> which is updated annually by the FSB. We have been excluded from this list with effect from January&nbsp;1, 2017 and so, unless otherwise indicated by the FSB (or the Bank of Spain) in
the future, we will not be required to maintain a <FONT STYLE="white-space:nowrap">G-SIB</FONT> buffer any longer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Bank of Spain
announced on November&nbsp;7, 2016 that we will continue to be considered a <FONT STYLE="white-space:nowrap">D-SIB,</FONT> and consequently we will be required to maintain during 2017 a <FONT STYLE="white-space:nowrap">D-SIB</FONT> buffer of a CET1
capital ratio of 0.75% on a consolidated basis. The <FONT STYLE="white-space:nowrap">D-SIB</FONT> buffer is being <FONT STYLE="white-space:nowrap">phased-in</FONT> from January&nbsp;1, 2016 to January&nbsp;1, 2019, and the <FONT
STYLE="white-space:nowrap">D-SIB</FONT> buffer applicable to BBVA for 2017 is a CET1 capital ratio of 0.375% on a consolidated basis. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Moreover, Article 104 of the CRD IV Directive, as implemented by Article 68 of Law 10/2014, and similarly Article 16 of the SSM Framework
Regulation, also contemplate that in addition to the minimum &#147;Pillar 1&#148; capital requirements and the combined buffer requirements, supervisory authorities may impose (above &#147;Pillar 1&#148; requirements and below the combined buffer
requirements) further &#147;Pillar 2&#148; capital requirements to cover other risks, including those not considered to be fully captured by the minimum &#147;own funds&#148; &#147;Pillar 1&#148; requirements under CRD IV or to address
macro-prudential considerations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Accordingly, any additional &#147;Pillar 2&#148; own funds requirement that may be imposed on us and/or
the Group by the ECB pursuant to the SREP will require us and/or the Group to hold capital levels in addition to the ones required by the &#147;Pillar 1&#148; capital requirements and the combined buffer requirements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the most recent SREP carried out by the ECB in 2016, we have been informed by the ECB that, effective from January&nbsp;1,
2017, we are required to maintain (i)&nbsp;a CET1 <FONT STYLE="white-space:nowrap">phased-in</FONT> capital ratio of 7.625% (on a consolidated basis) and 7.25% (on an individual basis); and (ii)&nbsp;a
<FONT STYLE="white-space:nowrap">phased-in</FONT> total capital ratio of 11.125% (on a consolidated basis) and 10.75% (on an individual basis). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This <FONT STYLE="white-space:nowrap">phased-in</FONT> total capital ratio of 11.125% on a consolidated basis includes (i)&nbsp;the minimum
CET1 capital ratio required under &#147;Pillar 1&#148; (4.5%); (ii) the &#147;Pillar 1&#148; Additional Tier 1 capital requirement (1.5%); (iii) the &#147;Pillar 1&#148; Tier 2 capital requirement (2%); (iv) the additional CET1 capital requirement
under &#147;Pillar 2&#148; (1.5%); (v) the capital conservation buffer (1.25% CET1); and (vi)&nbsp;the <FONT STYLE="white-space:nowrap">D-SIB</FONT> buffer (0.375% CET1). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">According to Article 48 of Law 10/2014, Article 73 of RD 84/2015 and Rule 24 of Bank of Spain Circular 2/2016, any entity not meeting its
&#147;combined buffer requirement&#148; is required to determine its MDA as described therein. Until the MDA has been calculated and communicated to the Bank of Spain, where applicable, the relevant entity will be subject to restrictions on
(i)&nbsp;distributions relating to CET1 capital, (ii)&nbsp;payments in respect of variable remuneration or discretionary pension revenues and (iii)&nbsp;distributions relating to Additional Tier 1 Instruments (&#147;discretionary payments&#148;)
and, thereafter, any such discretionary payments by that entity will be subject to such MDA limit. Furthermore, as set forth in Article 48 of Law 10/2014, the adoption by the Bank of Spain of the measures prescribed in Articles 68.2.h) and 68.2.i)
of Law 10/2014, aimed at strengthening own funds or limiting or prohibiting the distribution of dividends respectively will also restrict the discretionary payments to such MDA. See <I>&#147;Item 3 Key Information &#151;Risk Factors&#151;Legal,
Regulatory and Compliance Risks&#150;Increasingly onerous capital requirements may have a material adverse effect on the Bank&#146;s business, financial condition and results of operations&#148;</I> for additional information. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Capital Management </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Basel Capital Accord - Economic Capital </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Group&#146;s capital management is performed at both the regulatory and economic levels. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Regulatory capital management is based on the analysis of the capital base and the capital ratios (core capital, Tier 1, etc.) using Basel
(&#147;<B>BIS</B>&#148;) and the CRR. See Note 32 to the Consolidated Financial Statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The aim is to achieve a capital structure
that is as efficient as possible in terms of both cost and compliance with the requirements of regulators, ratings agencies and investors. Active capital management includes securitizations, sales of assets, and preferred and subordinated issues of
equity and hybrid instruments. In recent years we have taken various actions in connection with our capital management and in order to comply with various capital requirements applicable to us.&nbsp;We may make&nbsp;securities issuances or
undertake&nbsp;asset sales in the future, which could </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:Times New Roman" ALIGN="center">53 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
involve outright sales of businesses or reductions in interests held by us, which could be material&nbsp;and could be undertaken at less than their respective book values, resulting in material
losses thereon,&nbsp;in connection with our capital management and in order to comply with capital requirements or otherwise. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Bank
has obtained the Bank of Spain&#146;s approval with respect to its internal model of capital estimation (&#147;<B>IRB</B>&#148;) concerning certain portfolios and its operational risk internal model. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">From an economic standpoint, capital management seeks to optimize value creation at the Group and at its different business units. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Group allocates economic capital (&#147;<B>CER</B>&#148;) commensurate with the risks incurred by each business. This is based on the
concept of unexpected loss at a certain level of statistical confidence, depending on the Group&#146;s targets in terms of capital adequacy. The CER calculation combines lending risk, market risk (including structural risk associated with the
balance sheet and equity positions), operational risk and fixed asset and technical risks in the case of insurance companies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Stockholders&#146; equity, as calculated under BIS rules, is an important metric for the Group. However, for the purpose of allocating capital
to operating segments the Group prefers CER. It is risk-sensitive and thus better reflects management policies for the individual businesses and the business portfolio. These provide an equitable basis for assigning capital to businesses according
to the risks incurred and make it easier to compare returns. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">To internal effects of management and pursuit of the operating segments, the
Group realizes a capital allocation to each operating segment. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Concentration of Risk </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Bank of Spain regulates the concentration of risk. Since January&nbsp;1, 1999, any exposure to a person or group exceeding 10% of a
group&#146;s or bank&#146;s regulatory capital has been deemed a concentration. The total amount of exposure represented by all of such concentrations may not exceed 800% of regulatory capital. Exposure to a single person or group may not exceed 25%
(20% in the case of <FONT STYLE="white-space:nowrap">non-consolidated</FONT> companies of the economic group) of a bank&#146;s or group&#146;s regulatory capital. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Legal and Other Restricted Reserves </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are subject to the legal and other restricted reserves requirements applicable to Spanish companies. Please see
<I>&#147;&#151;</I><I></I><I>Capital Requirements&#148;.</I> </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Impairment on Financial Assets </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For a discussion of provisions for loan losses and country risk, see Note 2.2.1 to the Consolidated Financial Statements. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Regulation of the Disclosure of Fees and Interest Rates </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Banks must publish their preferential rates, rates applied on overdrafts, and fees and commissions charged in connection with banking
transactions. Banking clients must be provided with written disclosure adequate to permit customers to ascertain transaction costs. The foregoing regulations are enforced by the Bank of Spain in response to bank client complaints. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Law 44/2002, of November&nbsp;22, concerning measures to reform the Spanish financial system, contained a rule concerning the calculation of
variable interest applicable to loans and credit secured by mortgages, bails, pledges or any other equivalent guarantee. </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:Times New Roman" ALIGN="center">54 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Employee Pension Plans </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the relevant collective labor agreements, BBVA and some of its subsidiaries provide supplemental pension payments to certain active and
retired employees and their beneficiaries. These payments supplement social security benefits from the Spanish state. See Note 2.2.12 and Note 25 to the Consolidated Financial Statements. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Dividends </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A bank
may generally dedicate all of its net profits and its distributable reserves to the payment of dividends. In no event may dividends be paid from <FONT STYLE="white-space:nowrap">non-distributable</FONT> reserves. For additional information see
<I>&#147;Item 8. Financial Information&#151;Consolidated Statements and Other Financial Information&#151;Dividends&#148;.</I> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Although
banks are not legally required to seek prior approval from the Bank of Spain or the ECB before declaring interim dividends, we inform them on a voluntary basis upon the declaration of an interim dividend. It should be noted that the ECB
recommendation dated December&nbsp;13, 2016 addressed to, among others, significant supervised entities and significant supervised groups, such as BBVA and its Group, recommends credit institutions to establish dividend policies using conservative
and prudent assumptions so that, after any such distribution, they are able to satisfy the applicable capital requirements and any other requirements resulting from the supervisory review and evaluation process (SREP). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Since January&nbsp;1, 2016, according to CRD IV, those credit entities required to calculate their MDA will be subject to restrictions on
discretionary payments, which includes, among others, dividend payments. See <I>&#147;&#151;</I><I></I><I>Capital Requirements&#148;.</I> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our Bylaws allow for dividends to be paid in cash or in kind as determined by shareholders&#146; resolution. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Scrip Dividend </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As
in 2011, 2012, 2013, 2014 and 2015, during 2016 a scrip dividend scheme called &#147;Dividend Option&#148; was approved by the annual general meeting of shareholders held on March&nbsp;11, 2016. The BBVA annual general meeting of shareholders held
on March&nbsp;17, 2017 passed one resolution adopting a capital increase to be charged to voluntary reserves for the implementation of a &#147;Dividend Option&#148; in 2017. This resolution allows BBVA to implement, depending on the results of BBVA,
the market conditions, the regulatory framework and the recommendations regarding dividends that may be adopted, one &#147;Dividend Option&#148; during 2017. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Upon the execution of such capital increase to be charged to voluntary reserves, BBVA shareholders will have the option, at their own free
choice, to receive all or part of their remuneration in newly issued ordinary shares of BBVA or in cash. For additional information on the &#147;Dividend Option&#148; scheme, including its tax implications, see <I>&#147;Item 10. Additional
Information&#151;Taxation&#151;Spanish Tax Considerations&#151;Taxation of Dividends&#151;Scrip Dividend&#148; and &#147;Item 10. Additional Information&#151;Taxation&#151;U.S. Tax Considerations&#151;Taxation of Distributions&#148;</I>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The &#147;Dividend Option&#148; is implemented as an alternative remuneration scheme for BBVA shareholders with the aim to provide BBVA
shareholders with a flexible option to receive all or part of their remuneration in newly issued ordinary shares of the Bank, whilst always maintaining the possibility to choose to receive the entire remuneration in cash. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">BBVA&#146;s Board of Directors, at its March&nbsp;17, 2017 meeting, approved the execution of the capital increase approved by the BBVA annual
general meeting of shareholders held on March&nbsp;17, 2017 in connection with the implementation of a &#147;Dividend Option&#148; on the terms provided therein. The maximum number of new ordinary shares that may be issued as a consequence of the
execution of the capital increase is 121,603,985 which is expected to become effective on April&nbsp;26, 2017. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Limitations on Types
of Business </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Spanish banks are subject to certain limitations on the types of businesses in which they may engage directly, but
they are subject to few limitations on the types of businesses in which they may engage indirectly. </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:Times New Roman" ALIGN="center">55 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Mortgage Legislation </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Law 2/1981, of March&nbsp;25, on mortgage market, as amended by Law 41/2007, regulates the different aspects of the Spanish mortgage market and
establishes additional rules for the mortgage and financial system. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Royal Decree 716/2009, of April&nbsp;24, implemented several aspects
of Law 2/1981, of March 25. The most significant aspect implemented by Royal Decree 716/2009 was the modification on the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">loan-to-value</FONT></FONT> ratio requirement intending to
improve the quality of Spanish mortgage-backed securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Increasing social pressure for the reform of mortgage legislation in Spain has
resulted in changes to such legislation, which are described below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Royal Decree 6/2012, of March&nbsp;9, on urgent measures to protect
mortgage debtors without financial resources introduced measures to enable the restructuring of mortgage debt and easing of collateral foreclosure aimed to protect especially vulnerable debtors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Such measures include the following: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the moderation of interest rates charged on mortgage arrears; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the improvement of extrajudicial procedures as an alternative to legal foreclosure; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the introduction of a voluntary code of conduct among lenders for regulated mortgage debt restructuring affecting especially vulnerable debtors; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">where restructuring is unviable, lenders may, where appropriate and on an optional basis, offer the debtor partial debt forgiveness. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, Royal Decree 27/2012, of November&nbsp;15, on urgent measures to enhance the protection of mortgage debtors provided for a <FONT
STYLE="white-space:nowrap">two-year</FONT> moratorium, from the date of its adoption, on evictions applicable to debtor groups especially susceptible to social exclusion, which may remain at their homes for such period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Law 1/2013, of May&nbsp;14, on measures to protect mortgagees, debt restructuring and social rents, introduced important modifications to
mortgage law and civil procedure law. The most relevant modifications are: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">extension of the <FONT STYLE="white-space:nowrap">two-year</FONT> moratorium, established by Royal Decree 27/2012, until May&nbsp;15, 2015; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">broadening the potential beneficiaries of the moratorium of Royal Decree 6/2012; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">limitation of the interest rates applied for delay or arrears; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in the context of an auction, the base value of the property shall be the value set forth in the relevant mortgage deed and in no case shall it be less than 75% of the official appraisal value of the property;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the possibility of suspension of enforcement proceedings when the loan or credit facility secured by the mortgage contains abusive clauses; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">modification of the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-court</FONT></FONT> notarial procedure. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Royal Decree 11/2014, following the judgment of the EU Court of Justice of July&nbsp;17, 2014 regarding Spanish foreclosure processes, allows
debtors to appeal against a court&#146;s resolution which rejects his or her opposition to the execution of a mortgage. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Mortgage
Credit Directive 2014/17/EU on credit agreements for consumers relating to residential immovable property was adopted on February&nbsp;4, 2014. This Directive aims to create a Union-wide mortgage credit market with a high level of consumer
protection. It applies to both secured credit and home loans. Member States will have to transpose its provisions into their national law by March 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:Times New Roman" ALIGN="center">56 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The most recent development regarding mortgage legislation in Spain is the approval by the
Spanish government of Royal <FONT STYLE="white-space:nowrap">Decree-Law</FONT> 1/2015 of February&nbsp;27 on the &#147;second chance&#148; mechanism. The Royal Decree, although already in force, needs to be passed as law by Parliament, which is
expected to take place through the emergency procedure in the next few days. During this process, amendments may be made to the current text. The main purpose of the Royal Decree is to regulate the &#147;second chance&#148; mechanism. This allows an
individual who has been declared bankrupt to be discharged of outstanding obligations as long as he or she fulfills certain requirements: (i)&nbsp;the bankruptcy proceedings must have concluded, (ii)&nbsp;the debtor must have acted in good faith,
the Royal Decree being restrictive as to when a debtor is considered to have acted in good faith, and (iii)&nbsp;the bankruptcy judge has to approve the terms of the discharge (and may revoke his or her approval under certain circumstances upon
request of any creditor in the following five years). Discharge from mortgage obligations would only apply to the outstanding debts after the foreclosure, as long as such debts are considered ordinary or subordinate according to the Spanish
Insolvency Law. <FONT STYLE="white-space:nowrap">Co-debtors</FONT> and guarantors, if any, would remain liable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Law 25/2015, of
July&nbsp;28, on the &#147;second chance&#148; mechanism, superseded Royal Decree Law 1/2015 and introduced certain changes to its content, including the introduction of a fee protection account for insolvency managers, limits on the remuneration of
insolvency managers and the introduction of greater flexibility to a number of elements of the &#147;second chance&#148; mechanism. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Mutual Fund Regulation </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Law 22/2014 of November&nbsp;12, introduced a new legal regime for private investment entities in order to incorporate (i)&nbsp;Directive
2011/61/EU of the European Parliament and of the Council of June&nbsp;8 on Alternative Investment Fund Managers, and (ii)&nbsp;Directive 2013/14/EU of the European Parliament and of the Council of May 21. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Spanish Corporate Enterprises Act </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The consolidated text of the Corporate Enterprises Act adopted under Legislative Royal Decree 1/2010, of July&nbsp;2, repealed the former
Companies Act, adopted under Legislative Royal Decree 1564/1989, of December 22. This royal legislative decree has consolidated the legislation for joint stock companies (sociedades an&oacute;nimas) and limited liability companies (sociedades de
responsabilidad limitada) in a single text, bringing together the contents of the two aforementioned acts, as well as a part of the Securities Exchange Act. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Law 25/2011 of August&nbsp;1, partially amended the Corporate Enterprises Act and incorporated Directive 2007/36/EC, of July&nbsp;11, on the
exercise of certain rights of shareholders in listed companies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, the Entrepreneur Act (Law 14/2013) and an amendment to the
Insolvency Act (Legislative Royal Decree 11/2014) introduced some modifications on the Spanish Corporate Enterprises Act. Also, an amendment on corporate governance was introduced by Law 31/2014 of December 3. The main changes introduced by this law
are related to the rights of shareholders (assistance, information and voting), the calling of a general shareholders&#146; meeting and the duties of the board of directors and the audit committee, appointments committee and remuneration committee.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Spanish Auditing Law </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Law 12/2010, of June&nbsp;30, amended Law 19/1988, of July&nbsp;12, on Accounts Audit, Law 24/1988, of July&nbsp;28, on Securities Exchanges
and the consolidated text of the former Companies Act adopted by Legislative Royal Decree 1564/1989, of December&nbsp;22 (currently, the Corporate Enterprises Act), for its adaptation to EU regulations. This law transposed Directive EU/2006/43 which
regulates aspects, among others, related to: authorization and registry of auditors and auditing companies, confidentiality and professional secrecy which the auditors may observe, rules on independency and liability as well as certain rules on the
composition and functions of the auditing committee. The Royal Decree 1/2011, of July&nbsp;1, approved the consolidated text of the Accounts Audit Law 12/2010 and repealed Law 19/1988, of July 12. Law 12/2010 was subsequently amended by Law 22/2015,
including, among other matters, with respect to the requirements applicable to audit firms. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Law 11/2015 of June&nbsp;18, on the recovery and resolution of credit institutions and
investment firms </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Law 11/2015 transposes a very important part of EU Law into Spanish law in respect of the recovery and resolution
mechanisms for credit institutions and investment firms (the &#147;<B>institutions</B>&#148;). It further assumes many of the provisions of Law 9/2012 of November&nbsp;14, 2012 on the restructuring and resolution of credit institutions, which it
partially repeals. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The regime set in place constitutes a special and full administrative procedure that seeks to ensure maximum speed in
the intervention of an institution so as to provide for the continuity of its core functions, while minimizing the impact of its <FONT STYLE="white-space:nowrap">non-viability</FONT> on the economic system and on public resources. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Compared to Law 9/2012, Law 11/2015 regulates internal recapitalization as a resolution instrument conceived as a <FONT
STYLE="white-space:nowrap">&#147;bail-in&#148;</FONT> arrangement (the absorption of losses by the shareholders and by the creditors of an institution under resolution). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The internal recapitalization is a new resolution instrument, since the loss-absorption mechanism makes it extensive to all the
institution&#146;s creditors, and not only to the shareholders and the subordinated creditors as envisaged under Law 9/2012 of November&nbsp;14, 2012. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In this respect, liabilities eligible for the <FONT STYLE="white-space:nowrap">bail-in</FONT> are all the institution&#146;s liabilities that
are not expressly excluded or have not been excluded further to a decision by the FROB. These liabilities shall be susceptible to amortization or conversion into capital for the internal recapitalization of the institution concerned. Among the
liabilities excluded are deposits guaranteed by the Deposit Guarantee Fund (up to &#128;100,000) and liabilities incurred with employees, trade creditors and the tax or social security authorities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Certain changes were made to the regime applicable in the event of the insolvency of an institution, in order to provide greater protection to
the deposits of individuals and SMEs. In this respect, the following shall be considered as privileged credits: (i)&nbsp;deposits guaranteed by the Deposit Guarantee Fund (maximum of &#128;100,000) and the rights to which they may have been
subrogated should the guarantee have been made effective and (ii)&nbsp;the portion of the deposits of individuals and SMEs that exceeds the guaranteed level, and those deposits of those individuals and SMEs that would be guaranteed had they not been
set up in branches located outside the EU. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For additional information on Law 11/2015, see &#147;<I>Item 3. Key Information&#151;Risk <FONT
STYLE="white-space:nowrap">Factors&#151;Bail-in</FONT> and write-down powers under the BRRD may adversely affect our business and the value of any securities we may issue</I>&#148;. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Royal Decree 1012/2015 of November&nbsp;6, on development of Law on recovery and resolution of credit entities and investment firms and modification of
Royal Decree on deposit guarantee funds of credit entities </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Royal Decree 1012/2015 partially transposes the BRRD and develops Law
11/2015 (described above). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Royal Decree 1012/2015 includes a package of measures aimed at: (i)&nbsp;establishing the criteria for the
application of the regulation for the resolution of credit entities, (ii)&nbsp;establishing the content of the recovery and resolution plans for credit entities, (iii)&nbsp;regulating the use of the resolution instruments set in Law 11/2015, and in
particular, the actions to be carried out by the FROB, (iv)&nbsp;establishing the regime applicable to the FROB in connection with the managing of the funds addressed to finance the resolution procedures and to the contributions that credit entities
must make to the National Resolution Fund and, (v)&nbsp;establishing the regime applicable to the resolution of cross border entities. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Law 5/2015
of April&nbsp;27, on promoting corporate financing </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Among other matters, Law 5/2015 establishes a number of changes to encourage
bank financing to SMEs, sets out the new legal framework for financial credit entities and regulates crowd funding. Law 5/2015 has also introduced amendments on other matters, including securitizations and debt issuance. It consolidates into one
piece of legislation what has, until now, been a dispersed legal framework on securitization. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Law 5/2015 imposes an obligation on credit institutions to provide SMEs at least three months
prior notice in the event the funding flow to an SME is to be cancelled or reduced by at least 35%. In so doing, the law aims to provide SMEs sufficient time to find new funding sources or to adjust the management of their own funds to avoid sudden
liquidity deficiencies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The main novelties of this new regime are the following: (i)&nbsp;private limited liability companies
(<I>sociedades limitadas</I> or S.L.s) can issue and guarantee standard debt securities issuances capped at twice their own funds, (ii)&nbsp;the quantitative limit on debt issuances by <FONT STYLE="white-space:nowrap">non-listed</FONT> public
limited liability companies (<I>sociedades an&oacute;nimas</I> or S.A.s) is removed. (iii)&nbsp;the management body of an issuer is authorized to approve standard debt securities issuances which do not yield part of the profits, unless stated
otherwise in the issuer&#146;s articles of association and (iv)&nbsp;it is clarified that it is unnecessary to appoint a commissioner and set up a syndicate of bondholders in debt issuances governed by foreign law and aimed at international markets.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>U.S. Regulation </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
legislative, regulatory and supervisory framework in the United States governing the financial services sector has undergone significant and rapid change since the financial crisis. Moreover, the intensity of supervisory and regulatory scrutiny has
also increased. While most of the changes required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the &#147;<B>Dodd-Frank Act</B>&#148;) that impact BBVA and its subsidiaries have been implemented or are expected to follow
a known trajectory, new changes under the Trump administration, including their nature and impact, cannot yet be determined with any degree of certainty. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Dodd-Frank Act addresses, among other issues, systemic risk oversight, bank capital standards, the resolution of failing systemically
significant U.S. financial institutions, <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">over-the-counter</FONT></FONT> derivatives, restrictions on the ability of banking entities to engage in proprietary trading activities and
invest in certain private equity funds, hedge funds and other covered funds (known as the &#147;<B>Volcker Rule</B>&#148;), consumer and investor protection, hedge fund registration, municipal advisor registration and regulation, securitization,
investment advisor registration and regulation and the role of credit-rating agencies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">While U.S. regulators have implemented many
provisions of the Dodd-Frank Act through detailed rulemaking, full implementation will require additional rulemaking and uncertainty remains about the final details, impact and timing of a number of rules. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Financial Regulatory Authorities </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">BBVA is a bank holding company within the meaning of the Bank Holding Company Act of 1956, as amended (the &#147;<B>BHC Act</B>&#148;). As
such, BBVA is subject to the regulation and supervision of the Board of Governors of the Federal Reserve System (the &#147;<B>Federal Reserve</B>&#148;). BBVA&#146;s direct and indirect activities and investments in the United States are limited to
banking activities and certain <FONT STYLE="white-space:nowrap">non-banking</FONT> activities that are &#147;closely related to banking,&#148; as determined by the Federal Reserve, and certain other activities permitted under the BHC Act. BBVA also
is required to obtain the prior approval of the Federal Reserve before acquiring, directly or indirectly, the ownership or control of more than 5% of any class of voting securities of any U.S. bank or bank holding company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A bank holding company is required to act as a source of financial strength for its U.S. bank subsidiaries. Among other things, this source of
strength obligation may result in a requirement for BBVA, as controlling shareholder, to inject capital into its U.S. bank subsidiary. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">BBVA&#146;s U.S. bank subsidiary, Compass Bank (&#147;<B>Compass Bank</B>&#148;), and BBVA&#146;s New York branch are subject to supervision
and regulation by a variety of U.S. regulatory agencies. In addition to supervision by the Federal Reserve, BBVA&#146;s New York branch is licensed and supervised by the New York State Department of Financial Services. Compass Bank is an Alabama
state-chartered bank, is a member of the Federal Reserve System, and has branches in Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas. Compass Bank is supervised and examined by the Federal Reserve, the State of Alabama Banking
Department and, with respect to consumer financial laws and regulations, the Consumer Financial Protection Bureau. In addition, certain aspects of Compass Bank&#146;s branch operations in Arizona, California, Colorado, Florida, New Mexico, and Texas
are subject to examination by the respective state banking regulators in such states. Compass Bank is also a depository institution insured by, and subject to the regulation of, the Federal Deposit Insurance Corporation (the
&#147;<B>FDIC</B>&#148;). </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Compass Bank is a direct subsidiary of BBVA Compass Bancshares, Inc. (&#147;<B>Compass
Bancshares</B>&#148;). Compass Bancshares is a bank holding company within the meaning of the BHC Act and is subject to supervision and regulation by the Federal Reserve. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">BBVA Bancomer, S.A.&#146;s agency office in Houston, Texas is a <FONT STYLE="white-space:nowrap">non-FDIC</FONT> insured agency office of BBVA
Bancomer, S.A., an indirect subsidiary of BBVA, which is licensed under the laws of the State of Texas and supervised by the Texas Department of Banking and the Federal Reserve. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Bancomer Transfer Services, Inc., a <FONT STYLE="white-space:nowrap">non-banking</FONT> affiliate of BBVA and a direct subsidiary of BBVA
Bancomer USA, Inc., is licensed as a money transmitter by the State of California Department of Financial Institutions, the Texas Department of Banking, and certain other state regulatory agencies. Bancomer Transfer Services, Inc. is also registered
as a money services business with the Financial Crimes Enforcement Network of the U.S. Department of the Treasury. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">BBVA&#146;s indirect
U.S. broker-dealer subsidiary, BBVA Securities Inc. (&#147;<B>BSI</B>&#148;), is subject to regulation and supervision by the SEC and the Financial Industry Regulatory Authority (&#147;<B>FINRA</B>&#148;) with respect to its securities activities,
as well as various U.S. state regulatory authorities. Additionally, the securities underwriting and dealing activities of BSI are subject to regulation and supervision by the Federal Reserve. On December&nbsp;19, 2016, BBVA and BSI entered into a
consent order with the Federal Reserve under which they agreed to pay a $27&nbsp;million civil money penalty for BSI engaging in activities contrary to its commitments under the authorizing order and BBVA directly engaging in impermissible
underwriting and dealing activities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The activities of BBVA&#146;s U.S. investment adviser affiliates are regulated and supervised by the
SEC. In addition, Compass Bank has registered with the SEC and the Municipal Securities Rulemaking Board as a municipal advisor pursuant to the Dodd-Frank Act&#146;s municipal advisor registration requirements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">BBVA&#146;s U.S. insurance agency affiliate is subject to regulation and supervision by various U.S. state insurance regulatory authorities.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">BBVA is registered as a &#147;<B>swap dealer</B>&#148; (as defined in the Commodity Exchange Act and the regulations promulgated
thereunder) under Title VII of the Dodd-Frank Act, which subjects BBVA to regulation and supervision by the U.S. Commodity Futures Trading Commission (the &#147;<B>CFTC</B>&#148;). BBVA&#146;s world-wide swap activities are also subject to
regulations adopted by the European Commission pursuant to the European Market Infrastructure Regulation (&#147;<B>EMIR</B>&#148;) and the EU&#146;s Markets in Financial Instruments Directive (&#147;<B>MiFID</B>&#148;) and other European regulations
and directives. The CFTC will deem BBVA to have complied with certain Dodd-Frank Act Title VII provisions for which, subject to certain conditions, the CFTC has found certain corresponding European provisions to be essentially identical or
comparable, provided BBVA complies with such European provisions, as applicable. Compass Bank (and other entities of the BBVA Group) may register as a swap dealer if required by its swap activities or if it is determined to be beneficial to its
business. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Currently, BBVA is not considering registration as a &#147;security-based swap dealer&#148; with the SEC. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Prudential Regulation </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In the past few years, the Federal Reserve has imposed greater risk-based and leverage capital requirements, liquidity requirements, capital
planning and stress testing requirements, risk management requirements and other enhanced prudential standards for bank holding companies with $50&nbsp;billion or more in total consolidated assets, including Compass Bancshares. Under the enhanced
prudential standard regulations applicable to foreign banking organizations with $50&nbsp;billion or more in U.S. assets held outside of their U.S. branches and agencies, by July&nbsp;1, 2016, BBVA designated Compass Bancshares as its separately
capitalized <FONT STYLE="white-space:nowrap">top-tier</FONT> U.S. intermediate holding company (&#147;<B>IHC</B>&#148;). Compass Bancshares holds all of BBVA&#146;s U.S. bank and nonbank subsidiaries, including Compass Bank. As BBVA&#146;s U.S. IHC,
Compass Bancshares is subject to U.S. risk-based and leverage capital, liquidity, risk management, stress testing and other enhanced prudential standards on a consolidated basis. BBVA&#146;s U.S. branches and agencies (and in certain cases, the
entire U.S. operations of BBVA) are also subject to liquidity buffer and risk management requirements. In addition, BBVA is subject to requirements related to the adequacy and reporting of its home country capital and stress testing standards. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under Title I of the Dodd-Frank Act and implementing regulations issued by the Federal Reserve
and the FDIC, BBVA must prepare and submit annually a plan for the orderly resolution of subsidiaries and operations in the event of future material financial distress or failure (the &#147;<B>Title I Resolution Plan</B>&#148;). For foreign-based
companies subject to these resolution planning requirements, such as BBVA, the Title I Resolution Plan relates to subsidiaries, branches, agencies and businesses that are domiciled in, or whose activities are carried out in whole or in material part
in, the United States. BBVA filed its last Title I Resolution Plan in December 2015 and was not required to file a plan in 2016. In addition, Compass Bank is subject to the FDIC rule requiring insured depository institutions with total assets of
$50&nbsp;billion or more to submit periodically to the FDIC a plan for resolution in the event of failure under the Federal Deposit Insurance Act. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As part of the implementation of enhanced prudential standards under the Dodd-Frank Act, in March 2016, the Federal Reserve reproposed a rule
implementing single-counterparty credit limits for large U.S. bank holding companies and large FBOs with respect to their combined U.S. operations. The proposed rule would apply both to Compass Bancshares and to the combined U.S. operations of BBVA
with different levels of stringency. Compass Bancshares&#146; credit exposure to any single counterparty would be limited to 25&nbsp;percent of its capital stock and surplus. BBVA&#146;s credit exposure with respect to only its combined U.S.
operations would be limited to 15&nbsp;percent of Tier 1 capital for counterparties that are <FONT STYLE="white-space:nowrap">G-SIBs</FONT> and certain other large financial institutions and to 25&nbsp;percent of Tier 1 capital for all other
unaffiliated counterparties. The proposed rule would also require Compass Bancshares and BBVA to aggregate credit exposure across counterparties that are economically interdependent or that are connected by certain control relationships. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Federal Reserve has proposed but not yet finalized an early remediation framework for large U.S. bank holding companies and large FBOs.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Capital and Liquidity </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Compass Bancshares and Compass Bank are subject to the U.S. Basel III capital rules (&#147;<B>U.S. Basel III</B>&#148;), which are based on the
Basel III regulatory capital standards established by the Basel Committee. Certain aspects of U.S. Basel III, such as the minimum capital ratios and the methodology for calculating risk-weighted assets, became effective on January&nbsp;1, 2015 for
Compass Bancshares and Compass Bank. Other aspects of the rules, such as the capital conservation buffer and certain deductions from and adjustments to regulatory capital, are being phased in over several years. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The minimum regulatory capital ratios under U.S. Basel III are the following: Common Equity Tier 1 risk-based capital ratio of 4.5%; Tier 1
risk-based capital ratio of 6.0%; Total risk-based capital ratio of 8.0%; and Tier 1 leverage ratio of 4.0%. The greater than 2.5% Common Equity Tier 1 capital conservation buffer will be fully phased in by 2019; the
<FONT STYLE="white-space:nowrap">phase-in</FONT> amount for 2017 is greater than 1.25%. Failure to maintain the capital conservation buffer will result in increasingly stringent restrictions on a banking organization&#146;s ability to make dividend
payments and other capital distributions and pay discretionary bonuses to executive officers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">U.S. Basel III also revised the capital
thresholds for the prompt corrective action framework for insured depository institutions. To qualify as &#147;well capitalized,&#148; Compass Bank must maintain a Common Equity Tier 1 risk-based capital ratio of at least 6.5%, a Tier 1 risk-based
capital ratio of at least 8.0%, a Total risk-based capital ratio of at least 10.0%, and a Tier 1 leverage ratio of at least 5.0%. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
federal banking regulators have issued liquidity coverage ratio (&#147;<B>LCR</B>&#148;) requirements, which are based on the Basel Committee&#146;s LCR standard and are designed to ensure that covered banking organizations have sufficient
high-quality liquid assets to cover expected net cash outflows over a <FONT STYLE="white-space:nowrap">30-day</FONT> liquidity stress period. As a U.S. bank holding company with total assets of $50&nbsp;billion or more that is not an advanced
approaches bank holding company, Compass Bancshares is subject to a modified version of the LCR. As of January&nbsp;1, 2017, Compass Bancshares is required to maintain a minimum of 100% of the fully <FONT STYLE="white-space:nowrap">phased-in</FONT>
modified LCR. In addition, effective October&nbsp;1, 2018, Compass Bancshares will be required to disclose certain quantitative and qualitative information related to its LCR calculation after each calendar quarter. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On June&nbsp;1, 2016, the Federal Reserve Board and other U.S. regulators proposed rules to
implement net stable funding ratio (&#147;<B>NSFR</B>&#148;), which are based on additional quantitative liquidity standards developed by the Basel Committee and are designed to ensure that an institution maintains sufficiently stable amounts of
longer-term funding over a <FONT STYLE="white-space:nowrap">one-year</FONT> horizon. The proposal includes a modified, less stringent version of the NSFR that would apply to institutions with total assets of $50&nbsp;billion or more that are not
advanced approaches bank holding companies, such as Compass Bancshares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the Federal Reserve&#146;s capital plan and stress test
rules, Compass Bancshares must submit an annual capital plan to the Federal Reserve for review, must conduct semi-annual stress tests and is subject to an annual supervisory stress test conducted by the Federal Reserve (&#147;<B>Dodd-Frank Act
Stress Test</B>&#148;). The capital planning and stress test requirements are part of the Federal Reserve&#146;s CCAR program, pursuant to which it reviews the qualitative and quantitative aspects of large U.S. bank holding companies&#146; internal
capital planning process. Compass Bancshares&#146; annual capital plan must include an assessment of the expected uses and sources of capital over a forward-looking planning horizon of at least nine quarters, a detailed description of its process
for assessing capital adequacy, its capital policy, and a discussion of any expected changes to its business plan that are likely to have a material impact on its capital adequacy or liquidity. The Federal Reserve may object, in whole or in part, to
a capital plan or provide a notice of <FONT STYLE="white-space:nowrap">non-objection.</FONT> If the Federal Reserve objects to a capital plan, the bank holding company may not make any capital distribution other than those with respect to which the
Federal Reserve has indicated its <FONT STYLE="white-space:nowrap">non-objection.</FONT> In January 2017, the Federal Reserve issued a final rule exempting large and noncomplex firms, including Compass Bancshares, from the qualitative component of
CCAR. The Dodd-Frank Act and implementing rules issued by the Federal Reserve also impose stress test requirements on Compass Bank. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For
the capital plan and stress test cycle beginning January&nbsp;1, 2016, Compass Bancshares submitted its capital plan and <FONT STYLE="white-space:nowrap">company-run</FONT> stress test results to the Federal Reserve by April&nbsp;5, 2016. In June
2016, the Federal Reserve published summary results of the Dodd-Frank Act Stress Test, which showed that Compass Bancshares&#146; projected regulatory capital ratios exceeded the applicable regulatory minimums as defined by the Federal Reserve for
all quarters included in the nine-quarter forecasting horizon under the hypothetical supervisory severely adverse scenario. In addition, the Federal Reserve did not object to the 2016 capital plan of Compass Bancshares. For the capital plan and
stress test cycle beginning January&nbsp;1, 2017, Compass Bancshares must submit its capital plan and <FONT STYLE="white-space:nowrap">company-run</FONT> stress test results to the Federal Reserve by April&nbsp;5, 2017, and the Federal Reserve is
required to publish summary stress test results by June&nbsp;30, 2017. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Volcker Rule </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Volcker Rule limits the ability of banking entities to sponsor or invest in certain hedge funds, private equity funds, and commodity pools
(&#147;<B>covered funds</B>&#148;) and to engage as principal in certain types of proprietary trading unrelated to serving clients, subject to certain exclusions and exemptions. The Volcker Rule also limits the ability of banking entities and their
affiliates to enter into certain transactions with covered funds with which they or their affiliates have certain relationships. The Volcker Rule regulations contain exemptions for market-making, hedging, underwriting, trading in U.S. government and
agency obligations as well as certain foreign government obligations, and trading solely outside the United States, and also permit certain ownership interests in certain types of funds to be retained. The Federal Reserve has extended the Volcker
Rule&#146;s general conformance period for investments in and relationships with covered funds and certain foreign funds that were in place on or prior to December&nbsp;31, 2013 until July&nbsp;21, 2017. This extension of the conformance period does
not apply to the Volcker Rule&#146;s prohibitions on proprietary trading or to any investments in and relationships with covered funds made or entered into after December&nbsp;31, 2013. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Derivatives </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
Dodd-Frank Act established an extensive framework for the regulation of <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">over-the-counter</FONT></FONT> (&#147;<B>OTC</B>&#148;) derivatives by the CFTC and the SEC, including
mandatory clearing, exchange trading and public and regulatory transaction reporting of certain OTC derivatives, as well as rules regarding the registration of swap dealers and major swap participants, and related capital, margin, business conduct,
record keeping and other requirements applicable to such entities. While the CFTC has completed the majority of its regulations in this area, most of which are in effect, the SEC has not yet adopted a number of its swaps regulations. In December
2016, the CFTC reproposed regulations to impose position limits on certain physical commodities futures contracts and economically equivalent swaps, futures and options. In addition, the federal banking regulators and the CFTC adopted final rules
establishing margin requirements for <FONT STYLE="white-space:nowrap">non-cleared</FONT> swaps and security-based swaps. The final margin rules follow a </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:Times New Roman" ALIGN="center">62 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
phased implementation schedule, with certain initial margin and variation margin requirements in effect as of September 2016, additional variation margin requirements coming into effect in March
2017, and additional initial margin requirements phased in on an annual basis from September 2017 through September 2020, depending on the transactional volume of the parties and their affiliates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Because BBVA is a <FONT STYLE="white-space:nowrap">non-U.S.</FONT> swap dealer, the CFTC generally limits its direct regulation of BBVA with
respect to swaps with U.S. persons and certain affiliates of U.S. persons. However, the CFTC will be applying certain transaction-level requirements when BBVA&#146;s swap dealing activity involves the arrangement, negotiation, or execution by U.S.
located personnel and is considering whether to apply regulatory transaction reporting to all swaps entered into by a <FONT STYLE="white-space:nowrap">non-U.S.</FONT> swap dealer or instead rely on transaction reporting under comparable EU rules. In
August 2016, the CFTC staff extended <FONT STYLE="white-space:nowrap">no-action</FONT> relief for the applicability of most transaction-level requirements until at least September&nbsp;30, 2017. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The <FONT STYLE="white-space:nowrap">so-called</FONT> swaps <FONT STYLE="white-space:nowrap">&#147;push-out&#148;</FONT> provision,
Section&nbsp;716 of the Dodd-Frank Act, prohibits U.S. federal assistance to be provided to any swaps entity, including any swap dealer, with respect to certain types of swaps, subject to certain exceptions. The swap activities of BBVA&#146;s New
York branch have always conformed to the requirements of Section&nbsp;716. Should Compass Bank become a swap dealer, it will need to restrict its swap activities to conform to the <FONT STYLE="white-space:nowrap">&#147;push-out&#148;</FONT>
provision. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Other Regulations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Dodd-Frank Act changed the FDIC deposit insurance assessment framework (the amounts paid by FDIC-insured institutions into the deposit
insurance fund of the FDIC) to shift a greater portion of the aggregate assessments to large banks (such as Compass Bank). In March 2016, the FDIC finalized a rule imposing assessment surcharges on banks with $10&nbsp;billion or more in total assets
(such as Compass Bank) to increase the deposit insurance fund&#146;s reserve ratio. These surcharges will cease on December&nbsp;31, 2018. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Dodd-Frank Act broadened the application of Sections 23A and 23B of Federal Reserve Act, although the Federal Reserve has not yet
implemented such changes in Regulation W (&#147;<B>Reg W</B>&#148;). Reg W places various qualitative and quantitative restrictions on BBVA and its <FONT STYLE="white-space:nowrap">non-bank</FONT> subsidiaries with regard to borrowing or otherwise
obtaining credit from their U.S. banking affiliates or engaging in certain other transactions involving those subsidiaries. Such transactions must be on terms that would ordinarily be offered to unaffiliated entities, must be secured by designated
amounts of specified collateral, are subject to quantitative limitations. Under the Dodd-Frank changes, credit exposure arising from derivative transactions, securities borrowing and lending transactions, and repurchase/reverse repurchase agreements
are subject to the collateral and quantitative limitations. The Reg W restrictions also apply to certain transactions of BBVA&#146;s New York Branch with certain of its affiliates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The regulations that the CFPB may adopt could affect the nature of the consumer activities that Compass Bancshares, Compass Bank and
BBVA&#146;s New York branch may conduct, and may impose restrictions and limitations on the conduct of such activities. The CFPB has promulgated many mortgage-related rules since it was established under the Dodd-Frank Act, including rules related
to the ability to repay and qualified mortgage standards, mortgage servicing standards, loan originator compensation standards, high-cost mortgage requirements, Home Mortgage Disclosure Act requirements and appraisal and escrow standards for
higher-priced mortgages. These rules have created operational and strategic challenges for Compass Bancshares, as it is both a mortgage originator and a servicer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the Durbin Amendment to the Dodd-Frank Act, the maximum permissible interchange fee that an issuer may receive for an electronic debit
transaction is the sum of 21 cents per transaction, a 1 cent fraud prevention adjustment, and 5 basis points multiplied by the value of the transaction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Dodd-Frank Act requires the SEC to cause issuers with listed securities, which may include foreign private issuers such as BBVA, to
establish a &#147;claw back&#148; policy to recoup previously awarded employee compensation in the event of an accounting restatement. The SEC proposed rules in 2015 to implement this provision. In addition, the Dodd-Frank Act requires U.S.
regulatory agencies to prescribe regulations with respect to incentive-based compensation at financial institutions in order to prevent inappropriate behavior that could lead to a material financial loss. In 2016, federal regulators reproposed a
rule that would require, among other things, the deferral of a percentage of certain incentive-based compensation for senior executives and certain other employees and, under certain circumstances, clawback of incentive-based compensation. </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:Times New Roman" ALIGN="center">63 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Dodd-Frank Act also grants the SEC discretionary rule-making authority to impose a new
fiduciary standard on brokers, dealers and investment advisers, and expands the extraterritorial jurisdiction of U.S. courts over actions brought by the SEC or the United States with respect to violations of the antifraud provisions in the
Securities Act, the Exchange Act and the Investment Advisers Act of 1940. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A major focus of U.S. governmental policy relating to financial
institutions in recent years has been aimed at fighting money laundering and terrorist financing. Regulations applicable to BBVA and certain of its affiliates impose obligations to maintain appropriate policies, procedures, and controls to detect,
prevent, and report money laundering. In particular, Title III of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act), as amended, requires financial
institutions operating in the United States to (i)&nbsp;give special attention to correspondent and payable-through bank accounts, (ii)&nbsp;implement enhanced reporting due diligence, and &#147;know your customer&#148; standards for private banking
and correspondent banking relationships, (iii)&nbsp;scrutinize the beneficial ownership and activity of certain <FONT STYLE="white-space:nowrap">non-U.S.</FONT> and private banking customers (especially for
<FONT STYLE="white-space:nowrap">so-called</FONT> politically exposed persons), and (iv)&nbsp;develop new anti-money laundering programs, due diligence policies and controls to ensure the detection and reporting of money laundering. Such required
compliance programs are intended to supplement compliance programs under the Bank Secrecy Act and the sanctions programs administered by the Office of Foreign Assets Control. Failure of a financial institution to maintain and implement adequate
programs to combat money laundering and terrorist financing could have serious legal and reputational consequences for the institution. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Disclosure of Iranian Activities under Section 13(r) of the Exchange Act </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The BBVA Group discloses the following information pursuant to Section 13(r) of the Exchange Act, which requires an issuer to disclose whether
it or any of its affiliates knowingly engaged in certain activities, transactions or dealings relating to Iran or with natural persons or entities designated by the U.S. government under specified executive orders, including activities not
prohibited by U.S. law and conducted outside the United States by <FONT STYLE="white-space:nowrap">non-U.S.</FONT> affiliates in compliance with local law. In order to comply with this requirement, the Company has requested relevant information from
its affiliates globally. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The BBVA Group has the following activities, transactions and dealings with Iran requiring disclosure. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Legacy contractual obligations related to counter indemnities</I>. Before 2007, the BBVA Group issued certain counter indemnities to its <FONT
STYLE="white-space:nowrap">non-Iranian</FONT> customers in Europe for various business activities relating to Iran in support of guarantees provided by Bank Melli, two of which remained outstanding during the year ended December&nbsp;31, 2016. For
the year ended December&nbsp;31, 2016, fees and/or commissions recorded in connection with these counter indemnities totaled $640.50. The BBVA Group does not allocate direct costs to fees and commissions and therefore has not disclosed a separate
profit measure. In addition, the BBVA Group incurred on cancellation expenses related to one of these counter guarantees and enforcement and mail expenses related to the other counter guarantee which totaled $214,405.37 during this period. In
accordance with Council Regulation (EU) Nr. 267/2012 of March&nbsp;23, 2012, any payments of amounts due to Bank Melli under these counter indemnities were initially blocked and thereafter released upon authorization by the relevant Spanish
authorities. The BBVA Group is committed to terminating these business relationships as soon as contractually possible and does not intend to enter into new business relationships involving Bank Melli. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Refund of funds from Bank Sepah</I>. During the year ended December&nbsp;31, 2016, Bank Sepah returned to the BBVA Group funds in the
amount of $4,624.16 which had been originally transferred by the BBVA Group in March 2007 to an account at Bank Sepah in the name of BBVA&#146;s representative office in Tehran, which no longer exists. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Letter of credit. </I>During the year ended December&nbsp;31, 2015, the BBVA Group had credit exposure to Bank Sepah arising from a letter
of credit issued by Bank Sepah to a <FONT STYLE="white-space:nowrap">non-Iranian</FONT> client of the BBVA Group in Europe. This letter of credit, which was granted before 2004, expired in October 2015. As a result, this letter of credit was no
longer outstanding during the year ended December&nbsp;31, 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:Times New Roman" ALIGN="center">64 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Iranian embassy-related activity</I>. The BBVA Group maintains bank accounts in Spain for two
employees of the Iranian embassy in Spain. The two employees are Spanish citizens and one of them retired in 2015. Estimated gross revenues for the year ended December&nbsp;31, 2016 from embassy-related activity, which include fees and/or
commissions, did not exceed $2,490.10. The BBVA Group does not allocate direct costs to fees and commissions and therefore has not disclosed a separate profit measure. The BBVA Group is committed to terminating these business relationships as soon
as legally possible. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_15"></A>C. Organizational Structure </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, the BBVA Group was composed of 370 consolidated entities and 89 entities accounted for using the equity method.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The companies are principally domiciled in the following countries: Argentina, Belgium, Bolivia, Brazil, Cayman Islands, Chile, Colombia,
Ecuador, France, Germany, Ireland, Italy, Luxembourg, Mexico, Netherlands, Netherlands Antilles, Peru, Portugal, Spain, Switzerland, Turkey, United Kingdom, United States of America, Uruguay and Venezuela. In addition, BBVA has an active presence in
Asia. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Below is a simplified organizational chart of BBVA&#146;s most significant subsidiaries as of December&nbsp;31, 2016. </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:10pt" ALIGN="center">


<TR>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:36.85pt; font-size:8pt; font-family:Times New Roman"><B>Subsidiary</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Country of<BR>Incorporation</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Activity</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>BBVA<BR>Voting<BR>Power</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>BBVA<BR>Ownership</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total<BR>Assets&nbsp;<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in Percentages)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(In</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Millions&nbsp;of<BR>Euros)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BBVA BANCOMER, S.A. DE C.V.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Mexico</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Bank</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">86,242</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">COMPASS BANK</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">United&nbsp;States</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Bank</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">86,188</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TURKIYE GARANTI BANKASI A.S</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Turkey</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Bank</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49.90<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39.90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">76,017</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BBVA CONTINENTAL, S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Peru</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Bank</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">92.24<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46.12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,269</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BANCO BILBAO VIZCAYA ARGENTARIA CHILE, S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Bank</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68.19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68.19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,508</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BBVA SEGUROS, S.A. DE SEGUROS Y REASEGUROS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Spain</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Insurance</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">99.95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">99.95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,797</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BBVA COLOMBIA, S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Colombia</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Bank</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">95.47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">95.47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,391</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BBVA BANCO FRANCES, S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Argentina</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Bank</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75.95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75.95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,008</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">PENSIONES BANCOMER, S.A. DE C.V.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Mexico</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Insurance</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,040</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BANCO BILBAO VIZCAYA ARGENTARIA (PORTUGAL), S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Portugal</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Bank</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SEGUROS BANCOMER, S.A. DE C.V.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Mexico</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Insurance</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,347</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BANCO BILBAO VIZCAYA ARGENTARIA URUGUAY, S.A.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Uruguay</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Bank</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,051</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Information for <FONT STYLE="white-space:nowrap">non-EU</FONT> subsidiaries has been calculated using the prevailing exchange rates on December&nbsp;31, 2016.
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Calculated by adding BBVA&#146;s and the Dogus group&#146;s stakes in Garanti as of December&nbsp;31, 2016 (39.90% and 10.0002%, respectively). As a result of the
shareholders&#146; agreement between BBVA and Dogus then in effect, Garanti was consolidated within the BBVA Group. See &#147;&#151;<I>Material Contracts&#151;Shareholders&#146; Agreement in Connection with Garanti</I>.&#148; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>This figure represents the interest of Holding Continental S.A., which owns 92.24% of the capital stock of BBVA Continental. Each of BBVA and Inversiones Breca S.A.
owns 50.00% of the capital stock of Holding Continental S.A. As a result of the shareholders&#146; agreement entered into between BBVA and Inversiones Breca S.A., BBVA Continental is consolidated within the BBVA Group. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_16"></A>D. Property, Plants and Equipment </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We own and rent a substantial network of properties in Spain and abroad, including 3,303 branch offices in Spain and, principally through our
various subsidiaries, 5,357 branch offices abroad as of December&nbsp;31, 2016. As of December&nbsp;31, 2016, approximately 67% of our branches in Spain and 65% of our branches abroad (excluding those branches relating to the Garanti group) were
rented from third parties pursuant to short-term leases that may be renewed by mutual agreement. </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:Times New Roman" ALIGN="center">65 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">BBVA, through a real estate company of the Group, is constructing its new corporate headquarters
at a development area in the north of Madrid (Spain). As of December&nbsp;31, 2016, the accumulated investment for this project amounted to &#128;958&nbsp;million. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, BBVA Bancomer is building its new corporate headquarters in Mexico D.F. As of December&nbsp;31, 2016, the accumulated investment
for this project amounted to &#128;889&nbsp;million. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_17"></A>E. Selected Statistical Information </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following is a presentation of selected statistical information for the periods indicated. Where required under Industry Guide 3, we have
provided such selected statistical information separately for our domestic and foreign activities, pursuant to our calculation that our foreign operations are significant according to Rule <FONT STYLE="white-space:nowrap">9-05</FONT> of Regulation <FONT
STYLE="white-space:nowrap">S-X.</FONT> </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Average Balances and Rates </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The tables below set forth selected statistical information on our average balance sheets, which are based on the beginning and <FONT
STYLE="white-space:nowrap">month-end</FONT> balances in each year. We do not believe that monthly averages present trends materially different from those that would be presented by daily averages. Interest income figures, when used, include interest
income on <FONT STYLE="white-space:nowrap">non-accruing</FONT> loans to the extent that cash payments have been received. Loan fees are included in the computation of interest revenue. </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:10pt" ALIGN="center">


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<TD></TD>
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<TD></TD>
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<TD></TD>
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<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="34" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Average Balance Sheet - Assets and Interest from Earning Assets</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year Ended December&nbsp;31,<BR>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year Ended December&nbsp;31,<BR>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year Ended December&nbsp;31,<BR>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Average<BR>Balance</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Interest</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Average<BR>Yield <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Average<BR>Balance</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Interest</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Average<BR>Yield <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Average<BR>Balance</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Interest</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Average<BR>Yield <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="34" ALIGN="center"><B>(In Millions of Euros, Except Percentages)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Assets</B></P></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>
<TD VALIGN="bottom">&nbsp;&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;&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>
<TD VALIGN="bottom">&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>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash and balances with central banks and other demand deposits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>26,209</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>0.05</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>23,542</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>0.02</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>15,219</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>0.04</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Debt securities, equity instruments and derivatives</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>202,388</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,072</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2.51</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>211,589</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,673</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2.21</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>181,762</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,505</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2.48</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Domestic</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">133,009</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,772</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>1.33</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">143,760</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,947</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>1.35</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">128,539</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,182</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>1.70</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Foreign</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69,379</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>4.76</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">67,829</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,726</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>4.02</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53,223</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,323</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>4.37</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loans and receivables</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>454,299</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>22,301</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4.91</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>421,300</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>19,881</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4.72</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>362,740</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>18,169</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5.01</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans and advances to central banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,326</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">229</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.50</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,004</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">140</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.17</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,745</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">132</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.12</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans and advances to credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,078</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">218</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.78</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,171</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">270</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.99</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,811</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">234</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.03</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans and advances to customers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">410,895</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,853</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.32</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">382,125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,471</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.10</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">328,183</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,803</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.42</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">In euros</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>201,967</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>3,750</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>1.86</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>196,987</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>4,301</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>2.18</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>186,965</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>4,843</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>2.59</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Domestic</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>192,186</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>3,685</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>1.92</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>192,508</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>4,285</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>2.23</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>186,271</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>4,844</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>2.60</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Foreign</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>9,781</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>65</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>0.66</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>4,479</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>16</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>0.37</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>695</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>(1</I></TD>
<TD NOWRAP VALIGN="bottom"><I>)&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>(0.08</I></TD>
<TD NOWRAP VALIGN="bottom"><I>)%&nbsp;</I></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">In other currency</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>208,928</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>18,104</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>8.67</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>185,139</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>15,170</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>8.19</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>141,218</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>12,960</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>9.18</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Domestic</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,355</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">348</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.27</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,923</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">284</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.91</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,112</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">263</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.17</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Foreign</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">193,573</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,756</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.17</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">170,216</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,886</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.75</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">129,106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,697</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.83</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Non-earning</FONT> assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>52,748</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>325</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>0.62</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>49,128</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>226</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>0.46</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>40,686</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>159</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>0.39</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total average assets <SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>735,645</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>27,708</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.77</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>705,559</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>24,783</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.51</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>600,407</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>22,838</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.80</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Rates have been presented on a <FONT STYLE="white-space:nowrap">non-taxable</FONT> equivalent basis. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Foreign activity represented 49.84% of the total average assets for the year ended December&nbsp;31, 2016 and 41.86% for the year ended December&nbsp;31, 2015.
</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:Times New Roman" ALIGN="center">66 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="34" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Average Balance Sheet - Liabilities and Interest Paid on Interest Bearing Liabilities</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year Ended December&nbsp;31,<BR>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,<BR>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,<BR>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Average<BR>Balance</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Interest</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Average<BR>Yield <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Average<BR>Balance</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Interest</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Average<BR>Yield <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Average<BR>Balance</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Interest</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Average<BR>Yield <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="34" ALIGN="center"><B>(In Millions of Euros, Except Percentages)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Liabilities</B></P></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>
<TD VALIGN="bottom">&nbsp;&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;&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;&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="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deposits from central banks and credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>101,975</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,866</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1.83</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>99,289</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,559</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1.57</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>81,860</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,292</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1.58</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Customer deposits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>398,851</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,944</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1.49</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>366,249</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,390</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1.20</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>307,705</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,335</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1.41</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">In euros</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>195,310</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>766</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>0.39</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>187,721</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>1,024</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>0.55</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>160,946</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>1,725</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>1.07</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Domestic</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">185,046</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">739</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.40</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">182,351</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,015</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.56</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">159,980</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,725</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.08</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Foreign</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,264</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.26</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,370</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.17</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">965</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">In other currency</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>203,541</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>5,178</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>2.54</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>178,528</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>3,366</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>1.89</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>146,759</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>2,610</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>1.78</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Domestic</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,543</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.34</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,529</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(53</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.55</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,973</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(41</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>(0.59</I></TD>
<TD NOWRAP VALIGN="bottom"><I>)%&nbsp;</I></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Foreign</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">191,998</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,139</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.68</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">168,999</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,419</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.02</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">139,786</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,651</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>1.90</I></TD>
<TD NOWRAP VALIGN="bottom"><I>%&nbsp;</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Debt certificates and subordinated liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>89,876</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,738</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1.93</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>89,672</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,875</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2.09</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>80,132</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,831</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2.29</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><FONT STYLE="white-space:nowrap">Non-interest-bearing</FONT> liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>89,328</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,101</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1.23</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>96,049</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>936</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>0.97</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>83,620</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>998</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1.19</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Stockholders&#146; equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>55,616</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>54,300</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>47,091</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total average liabilities <SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></B></P></TD>

<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>735,645</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10,648</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1.45</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>705,559</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,761</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1.24</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>600,407</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,456</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1.41</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Rates have been presented on a <FONT STYLE="white-space:nowrap">non-taxable</FONT> equivalent basis. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Foreign activity represented 45.62% of the total average liabilities for the year ended December&nbsp;31, 2016 and 41.86% for the year ended December&nbsp;31, 2015.
</TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Changes in Net Interest Income-Volume and Rate Analysis </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following tables allocate changes in our net interest income between changes in volume and changes in rate for 2016 compared with 2015, and
2015 compared with 2014. Volume and rate variance have been calculated based on movements in average balances over the period and changes in interest rates on average interest-earning assets and average interest-bearing liabilities. The only <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-period</FONT></FONT> items and adjustments excluded from the following table are interest payments on loans which are made in a period other than the period in which they are due.
Loan fees were included in the computation of interest income. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016/2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Increase&nbsp;(Decrease)&nbsp;Due&nbsp;to&nbsp;Changes&nbsp;in</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Volume&nbsp;<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Rate&nbsp;<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Net&nbsp;Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Interest income</B></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash and balances with central banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Securities portfolio and derivatives</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(83</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>482</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>399</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loans and advances to central banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>45</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>44</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>89</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loans and advances to credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>65</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(117</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(52</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loans and advances to customers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,063</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>319</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,382</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">In euros</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>12</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>(564</I></TD>
<TD NOWRAP VALIGN="bottom"><I>)&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>(552</I></TD>
<TD NOWRAP VALIGN="bottom"><I>)&nbsp;</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Domestic</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>(7</I></TD>
<TD NOWRAP VALIGN="bottom"><I>)&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>(593</I></TD>
<TD NOWRAP VALIGN="bottom"><I>)&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>(600</I></TD>
<TD NOWRAP VALIGN="bottom"><I>)&nbsp;</I></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Foreign</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>20</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>29</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>48</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">In other currencies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>2,051</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>883</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>2,934</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Domestic</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>8</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>56</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>64</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Foreign</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>2,043</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>827</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>2,870</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>22</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>77</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>99</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,112</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>813</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,925</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Interest expense</B></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deposits from central banks and credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>82</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>225</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>307</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Customer deposits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>477</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,076</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,553</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">In euros</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>23<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>(282<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I>)<I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>(258<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I>)<I>&nbsp;</I></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Domestic</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>15<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>(290<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I>)<I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>(275<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I>)<I>&nbsp;</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Foreign</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>8<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>9<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>17<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">In other currencies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>454<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>1,357<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>1,812<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Domestic</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>(11<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I>)<I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>103<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>92<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Foreign</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>465<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>1,255<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I></I><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I></I>1,720<I></I></TD>
<TD NOWRAP VALIGN="bottom"><I></I><I>&nbsp;</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Debt certificates and subordinated liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>64</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(201</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(137</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(24</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>188</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>165</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total expense</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>600</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,288</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,888</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,037</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&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:Times New Roman" ALIGN="center">67 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The volume effect is calculated as the result of the average interest rate of the earlier period multiplied by the difference between the average balances of both periods. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The rate effect is calculated as the result of the average balance of the earlier period multiplied by the difference between the average interest rates of both periods. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015/2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Increase&nbsp;(Decrease)&nbsp;Due&nbsp;to&nbsp;Changes&nbsp;in</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Volume&nbsp;<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Rate <SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Net&nbsp;Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Interest income</B></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash and balances with central banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Securities portfolio and derivatives</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>896</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(728</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>168</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loans and advances to central banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loans and advances to credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>84</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(48</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>36</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loans and advances to customers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,263</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(2,595</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,668</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">In euros</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(701</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(542</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Domestic</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>162</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>(721</I></TD>
<TD NOWRAP VALIGN="bottom"><I>)&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>(559</I></TD>
<TD NOWRAP VALIGN="bottom"><I>)&nbsp;</I></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Foreign</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>(3</I></TD>
<TD NOWRAP VALIGN="bottom"><I>)&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>20</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>17</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">In other currencies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,104</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,894</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,210</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Domestic</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>61</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>(40</I></TD>
<TD NOWRAP VALIGN="bottom"><I>)&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>21</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Foreign</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>4,043</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>(1,854</I></TD>
<TD NOWRAP VALIGN="bottom"><I>)&nbsp;</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>&nbsp;</I></TD>
<TD VALIGN="bottom" ALIGN="right"><I>2,189</I></TD>
<TD NOWRAP VALIGN="bottom"><I>&nbsp;</I></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>36</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>31</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>67</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total income</B></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,945</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Interest expense</B></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deposits from central banks and credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>411</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(144</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>267</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Customer deposits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>780</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(725</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>56</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">In euros</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">241</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(943</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(701</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Domestic</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">241</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(952</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(710</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Foreign</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">In other currencies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">539</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">218</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">757</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Domestic</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(15</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Foreign</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">554</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">215</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">769</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Debt certificates and subordinated liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>274</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(231</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>44</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>191</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(252</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(62</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total expense</B></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>305</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,641</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The volume effect is calculated as the result of the average interest rate of the earlier period multiplied by the difference between the average balances of both periods. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The rate effect is calculated as the result of the average balance of the earlier period multiplied by the difference between the average interest rates of both periods. </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:Times New Roman" ALIGN="center">68 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Interest Earning Assets&#151;Margin and Spread </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table analyzes the levels of our average earning assets and illustrates the comparative gross and net yields and spread obtained
for each of the years indicated. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(In&nbsp;Millions&nbsp;of&nbsp;Euro,&nbsp;except&nbsp;Percentages)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Average interest earning assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">682,897</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">647,177</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">554,457</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Gross yield<SUP STYLE="font-size:85%; vertical-align:top">(1) </SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.1</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.1</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net yield<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net interest margin <SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Average effective rate paid on all interest-bearing liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Spread<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.3</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.3</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.3</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Gross yield represents total interest income divided by average interest earning assets. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Net yield represents total interest income divided by total average assets. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Net interest margin represents net interest income as percentage of average interest earning assets. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Spread is the difference between gross yield and the average cost of interest-bearing liabilities. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ASSETS
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Interest-Bearing Deposits in Other Banks </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, interbank deposits (excluding deposits with central banks) represented 4.3% of our total assets. Of such
interbank deposits, 21.8% were held outside of Spain and 78.2% in Spain. We believe that our deposits are generally placed with highly rated banks and have a lower risk than many loans we could make in Spain. However, such deposits are subject to
the risk that the deposit banks may fail or the banking system of certain of the countries in which a portion of our deposits are made may face liquidity or other problems. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Securities Portfolio </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, our total securities portfolio (consisting of investment securities and loans and receivables) was carried on our
consolidated balance sheet at a carrying amount (equivalent to its market or appraised value as of such date) of<B></B> &#128;128,912 million,<B> </B>representing 17.6% of our total assets. &#128;36,022&nbsp;million, or 27.9%, of our securities
portfolio consisted of Spanish Treasury bonds and Treasury bills. The average yield during 2016 on the investment securities that BBVA held was 3.3%, compared with an average yield of approximately 4.9% earned on loans and advances during 2016. See
Notes 10 and 12 to the Consolidated Financial Statements. For a discussion of our investments in affiliates, see Note 16 to the Consolidated Financial Statements. For a discussion of the manner in which we value our securities, see Notes 2.2.1 and 8
to the Consolidated Financial Statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following tables analyze the carrying amount and fair value of debt securities as of
December&nbsp;31, 2016, December&nbsp;31, 2015 and December&nbsp;31, 2014, respectively. The trading portfolio is not included in the tables below because the amortized costs and fair values of these items are the same. See Note 10 to the
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:Times New Roman" ALIGN="center">69 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
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<TD></TD>
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<TD></TD>
<TD></TD>
<TD></TD>
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<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31, 2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amortized&nbsp;cost</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Fair&nbsp;Value&nbsp;<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Unrealized&nbsp;Gains</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Unrealized&nbsp;Losses</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>DEBT SECURITIES -</B></P></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>
<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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>AVAILABLE FOR SALE PORTFOLIO</B></P></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>
<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-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Domestic-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>24,731</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>25,540</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>828</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(19</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spanish Government and other government agencies debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,427</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,119</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">711</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(18</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,305</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,421</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">117</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by Central Banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">986</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,067</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">82</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by other institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,319</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,354</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Foreign-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>49,253</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>49,040</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>773</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(987</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Mexico</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11,525</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11,200</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>19</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(343</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Mexican Government and other government agencies debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,728</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,438</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(301</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,797</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,763</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(42</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by Central Banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">86</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by other institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,710</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,675</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(41</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>The United States</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>14,256</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>14,043</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>48</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(261</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">U.S. Treasury and other U.S. Government agencies debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,702</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,683</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(19</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">States and political subdivisions debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,758</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,654</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(112</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,797</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,706</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(130</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by Central Banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">97</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by other institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,702</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,609</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(130</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Turkey</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,550</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,443</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>73</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(180</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Turkey Government and other government agencies debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,055</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,961</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(164</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">495</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">482</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(16</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by Central Banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">448</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">436</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(15</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by other institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Other countries</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>17,923</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>18,354</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>634</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(203</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other foreign governments and other government agencies debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,882</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,156</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">373</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(98</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,041</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,197</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">261</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(105</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by Central Banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,657</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,659</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,269</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,311</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">96</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(54</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by other institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,115</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,227</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">161</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(49</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL AVAILABLE FOR SALE PORTFOLIO</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>73,985</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>74,580</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,601</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,006</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>HELD TO MATURITY PORTFOLIO</B></P></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>
<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-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Domestic-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,625</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,717</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>92</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spanish Government and other government agency debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,063</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,153</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other domestic debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">562</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">564</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by Central Banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">494</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">496</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by other institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Foreign-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>9,071</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,902</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>16</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(185</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Government and other government agency debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,982</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,830</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(165</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,089</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,072</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(21</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL HELD TO MATURITY PORTFOLIO</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>17,696</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>17,619</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>108</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(185</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<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 NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL DEBT SECURITIES</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>91,681</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>92,199</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,709</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,192</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Fair values for listed securities are determined on the basis of their quoted prices at the end of the period. Fair values are used for unlisted securities based on
our estimates and valuation techniques. See Note 8 to the Consolidated Financial Statements. </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:Times New Roman" ALIGN="center">70 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="91%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31, 2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amortized&nbsp;cost</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Fair&nbsp;Value&nbsp;<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Unrealized&nbsp;Gains</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Unrealized&nbsp;Losses</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>DEBT SECURITIES -</B></P></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>
<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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>AVAILABLE FOR SALE PORTFOLIO</B></P></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>
<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-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Domestic-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>43,500</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>45,668</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,221</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(53</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spanish Government and other government agencies debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38,763</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40,799</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,078</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(41</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,737</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,869</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">144</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by Central Banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,702</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,795</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">94</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by other institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,035</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,074</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Foreign-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>62,734</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>62,641</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,132</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,226</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Mexico</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>12,627</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>12,465</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>73</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(235</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Mexican Government and other government agencies debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,284</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,193</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(160</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,343</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,272</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(75</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by Central Banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">260</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">254</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by other institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,084</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,019</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(68</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>The United States</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>13,890</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>13,717</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>63</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(236</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">U.S. Treasury and other U.S. government agencies debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,188</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,177</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(15</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">States and political subdivisions debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,629</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,612</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(26</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,073</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,927</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(195</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by Central Banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">71</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by other institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,002</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,852</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(194</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Turkey</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>13,414</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>13,265</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>116</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(265</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Turkey Government and other government agencies debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,801</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,682</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">111</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(231</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,613</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,584</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(34</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by Central Banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,452</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,425</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(30</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by other institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">162</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Other countries</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>22,803</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>23,194</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>881</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(490</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other foreign governments and other government agencies debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,778</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,356</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">653</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(76</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,025</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,838</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">227</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(414</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by Central Banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,277</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,273</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,468</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,488</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">108</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(88</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by other institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,280</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,077</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">119</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(322</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>TOTAL AVAILABLE FOR SALE PORTFOLIO</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>106,234</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>108,310</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,354</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,278</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>HELD TO MATURITY PORTFOLIO</B></P></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>
<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-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
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<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
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<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Domestic-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Foreign-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL HELD TO MATURITY PORTFOLIO</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL DEBT SECURITIES</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>106,234</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>108,310</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,354</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,278</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Fair values for listed securities are determined on the basis of their quoted prices at the end of the period. Fair values are used for unlisted securities based on our estimates and valuation techniques. See Note 8 to
the Consolidated Financial Statements. </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:Times New Roman" ALIGN="center">71 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="91%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
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<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31, 2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amortized&nbsp;cost</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Fair&nbsp;Value&nbsp;<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Unrealized&nbsp;Gains</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Unrealized&nbsp;Losses</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>DEBT SECURITIES -</B></P></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>
<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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>AVAILABLE FOR SALE PORTFOLIO</B></P></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>
<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-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Domestic-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>40,337</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>42,802</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,542</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(77</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spanish Government and other government agencies debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,445</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36,680</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,290</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(55</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,892</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,122</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">252</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(22</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by Central Banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,567</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,716</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">162</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by other institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,325</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,406</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Foreign-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>43,657</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>44,806</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,639</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(490</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Mexico</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>12,662</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>13,060</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>493</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(96</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Mexican Government and other government agencies debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,629</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,012</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">459</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(76</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,034</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,048</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(20</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by Central Banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">141</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">142</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by other institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,892</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,906</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(17</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>The United States</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10,289</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10,307</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>102</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(83</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">U.S. Treasury and other U.S. government agencies debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,539</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,542</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">States and political subdivisions debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,672</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,689</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,078</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,076</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(76</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by Central Banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by other institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,054</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,052</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(76</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Other countries</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>20,705</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>21,439</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,044</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(310</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other foreign governments and other government agencies debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,355</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,966</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">715</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(104</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,350</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,473</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">329</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(206</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by Central Banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,540</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,540</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,352</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,471</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">175</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(55</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issued by other institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,459</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,461</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">143</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(141</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL AVAILABLE FOR SALE PORTFOLIO</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>83,994</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>87,608</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,181</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(566</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>HELD TO MATURITY PORTFOLIO</B></P></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>
<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-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Domestic-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Foreign-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL HELD TO MATURITY PORTFOLIO</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL DEBT SECURITIES</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>83,994</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>87,608</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,181</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(566</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Fair values for listed securities are determined on the basis of their quoted prices at the end of the period. Fair values are used for unlisted securities based on
our estimates and valuation techniques. See Note 8 to the Consolidated Financial Statements. </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:Times New Roman" ALIGN="center">72 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016 the carrying amount of the debt securities classified within the
available for sale portfolio by rating categories defined by external rating agencies, were as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


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<TD></TD>
<TD></TD>
<TD></TD>
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<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31, 2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Debt&nbsp;Securities&nbsp;Available&nbsp;for&nbsp;Sale</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Carrying&nbsp;Amount<BR>(In&nbsp;Millions&nbsp;of&nbsp;Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>%</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">AAA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,922</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">AA+</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,172</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">AA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">594</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">AA-</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">575</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">A+</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,230</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">A</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,442</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">A-</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,719</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.3</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">BBB+</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29,569</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39.6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">BBB</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,233</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.3</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">BBB-</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,809</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.1</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">BB+ or below</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,055</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Without rating</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,261</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.1</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>74,580</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>100.0</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following tables analyze the carrying amount and fair value of our ownership of equity securities as of
December&nbsp;31, 2016, 2015 and 2014, respectively. See Note 10 to the Consolidated Financial Statements. </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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="49%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31, 2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amortized&nbsp;cost</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Fair&nbsp;Value<SUP STYLE="font-size:85%; vertical-align:top">&nbsp;(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Unrealized&nbsp;Gains</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Unrealized&nbsp;Losses</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>EQUITY SECURITIES -</B></P></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>
<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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>AVAILABLE FOR SALE PORTFOLIO</B></P></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>
<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 BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Domestic-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,748</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,822</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>19</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(945</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Equity listed</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,690</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,763</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(944</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Equity unlisted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Foreign-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,501</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,819</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>336</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(17</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>The United States-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>553</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>588</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>35</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Equity listed</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Equity unlisted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">537</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">550</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Other countries-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>948</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,231</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>301</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(17</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Equity listed</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">777</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,028</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">268</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(15</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Equity unlisted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">171</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">203</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL AVAILABLE FOR SALE PORTFOLIO</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,248</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,641</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>355</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(962</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL EQUITY SECURITIES</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,248</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,641</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>355</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(962</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL INVESTMENT SECURITIES</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>96,930</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>96,839</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,064</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(2,154</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Fair values for listed securities are determined on the basis of their quoted prices at the end of the year. Fair values are used for unlisted securities based on our estimates or on unaudited financial statements, when
available. </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:Times New Roman" ALIGN="center">73 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31, 2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amortized&nbsp;cost</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Fair&nbsp;Value&nbsp;<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Unrealized&nbsp;Gains</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Unrealized&nbsp;Losses</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>EQUITY SECURITIES -</B></P></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>
<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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>AVAILABLE FOR SALE PORTFOLIO</B></P></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>
<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 BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Domestic-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,476</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,939</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>22</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(559</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Equity listed</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,402</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,862</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(558</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Equity unlisted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">78</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Foreign-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,728</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,177</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>501</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(51</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>The United States-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>590</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>616</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>26</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Equity listed</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Equity unlisted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">549</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">554</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Other countries-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,138</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,561</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>475</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(51</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Equity listed</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">986</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,313</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">371</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(44</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Equity unlisted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">152</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">248</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">103</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL AVAILABLE FOR SALE PORTFOLIO</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,204</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,116</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>522</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(610</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL EQUITY SECURITIES</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,204</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,116</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>522</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(610</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL INVESTMENT SECURITIES</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>111,438</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>113,426</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,876</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,888</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Fair values for listed securities are determined on the basis of their quoted prices at the end of the year. Fair values are used for unlisted securities based on our estimates or on unaudited financial statements, when
available. </TD></TR></TABLE> <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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31, 2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amortized&nbsp;cost</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Fair&nbsp;Value&nbsp;<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Unrealized&nbsp;Gains</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Unrealized&nbsp;Losses</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>EQUITY SECURITIES -</B></P></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>
<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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>AVAILABLE FOR SALE PORTFOLIO</B></P></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>
<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 BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Domestic-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,177</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,199</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>93</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(71</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Equity listed</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,129</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,150</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">92</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(71</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Equity unlisted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Foreign-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,842</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,069</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,263</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(36</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>The United States-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>540</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>558</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>18</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Equity listed</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Equity unlisted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">486</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">502</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Other countries-</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,302</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,511</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,245</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(36</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Equity listed</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,172</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,372</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,233</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(33</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Equity unlisted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">130</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">139</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL AVAILABLE FOR SALE PORTFOLIO</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,019</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>7,268</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,356</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(107</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL EQUITY SECURITIES</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,019</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>7,268</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,356</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>(107</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)</B>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL INVESTMENT SECURITIES</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>90,013</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>94,876</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,537</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(673</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Fair values for listed securities are determined on the basis of their quoted prices at the end of the year. Fair values are used for unlisted securities based on our estimates or on unaudited financial statements, when
available. </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:Times New Roman" ALIGN="center">74 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table analyzes the maturities of our debt investment and fixed income securities,
excluding trading portfolio, by type and geographical area as of December&nbsp;31, 2016: </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:10pt" ALIGN="center">


<TR>
<TD WIDTH="55%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Maturity&nbsp;at&nbsp;One<BR>Year or Less</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Maturity After<BR>One&nbsp;Year&nbsp;to&nbsp;Five<BR>Years</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Maturity After<BR>Five Years to 10<BR>Years</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Maturity&nbsp;After&nbsp;10<BR>Years</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amount</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Yield<BR>% <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amount</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Yield<BR>% <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amount</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Yield<BR>% <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amount</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Yield<BR>% <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amount</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="34" ALIGN="center"><B>(Millions of Euros, Except Percentages)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>DEBT SECURITIES</B></P></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>
<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>
<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>
<TD VALIGN="bottom">&nbsp;&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;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">AVAILABLE-FOR-SALE</FONT></FONT>
PORTFOLIO</B></P></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>
<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>
<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>
<TD VALIGN="bottom">&nbsp;&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;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Domestic</B></P></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>
<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>
<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>
<TD VALIGN="bottom">&nbsp;&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;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spanish government and other government agencies debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">956</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,101</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,755</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,307</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.93</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,119</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">702</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.96</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,592</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,247</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,121</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,421</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Domestic</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,658</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.49</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,693</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.91</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>14,003</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.31</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,186</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4.83</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>25,540</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Foreign</B></P></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>
<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>
<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>
<TD VALIGN="bottom">&nbsp;&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;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mexico</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">290</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,797</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,529</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.71</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,585</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Mexican Government and other government agencies debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">248</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,688</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.97</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,350</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,152</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.61</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,438</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.72</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,108</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.08</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">179</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">433</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,763</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">The United States</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">806</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,647</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.93</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,790</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.76</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,800</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,043</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">U.S. Treasury and other government agencies debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">518</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">161</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">202</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.93</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">803</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.54</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,683</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">States and political subdivisions debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">168</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.03</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">197</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.02</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">412</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.01</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,877</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.85</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,654</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">120</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,290</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,176</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,120</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,706</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Turkey</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.93</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,887</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.60</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,479</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.91</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.68</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,443</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Turkey Government and other government agencies debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,482</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.93</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,462</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.93</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.68</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,961</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.93</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">405</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.77</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.64</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">482</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other countries</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,358</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,586</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.56</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,922</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.59</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,487</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.44</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,354</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Securities of other foreign
governments<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">870</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,112</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.92</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,679</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,495</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,156</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other debt securities of other countries</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,488</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.71</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,474</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,243</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">993</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.05</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,197</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Foreign</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,519</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5.21</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>16,917</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4.68</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10,721</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4.40</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>16,884</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.43</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>49,040</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">AVAILABLE-FOR-SALE</FONT></FONT></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,177</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4.79</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>23,610</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4.33</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>24,723</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.75</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>20,070</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.72</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>74,580</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">HELD-TO-MATURITY</FONT></FONT>
PORTFOLIO</B></P></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>
<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>
<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>
<TD VALIGN="bottom">&nbsp;&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;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Domestic</B></P></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>
<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>
<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>
<TD VALIGN="bottom">&nbsp;&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;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Spanish government</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,193</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,116</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">850</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,905</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.08</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,063</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">326</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.99</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">236</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.93</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">562</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Domestic</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,519</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.59</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,351</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4.51</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>850</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2.28</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,905</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.08</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,625</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Foreign</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>244</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5.86</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,333</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6.15</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,617</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>9.06</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,877</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5.44</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>9,071</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">HELD-TO-MATURITY</FONT></FONT></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,763</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.79</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>7,685</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5.43</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,467</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>7.38</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,782</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4.28</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>17,696</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL DEBT SECURITIES</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,940</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4.48</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>31,295</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4.60</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>28,190</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4.20</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>23,852</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.81</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>92,277</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Rates have been presented on a <FONT STYLE="white-space:nowrap">non-taxable</FONT> equivalent basis. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Securities of other foreign governments mainly include investments made by our subsidiaries in securities issued by the governments of the countries where they operate. </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:Times New Roman" ALIGN="center">75 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Loans and Advances to Credit Institutions and Central Banks </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, our total loans and advances to credit institutions and central banks amounted to &#128;40,235&nbsp;million, or
5.5% of total assets. Net of our valuation adjustments, loans and advances to credit institutions and central banks amounted to &#128;40,267&nbsp;million as of December&nbsp;31, 2016, or 5.5% of our total assets. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Loans and Advances to Customers </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, our total loans and advances amounted to &#128;430,629&nbsp;million, or 58.8% of total assets. Net of our
valuation adjustments, loans and advances amounted to &#128;414,655&nbsp;million as of December&nbsp;31, 2016, or 56.7% of our total assets. As of December&nbsp;31, 2016 our loans and advances in Spain amounted to &#128;182,492&nbsp;million. Our
foreign loans and advances amounted to &#128;248,137&nbsp;million as of December&nbsp;31, 2016. For a discussion of certain mandatory ratios relating to our loan portfolio, see &#147;&#151;Business Overview&#151;Supervision and
Regulation&#151;Capital Requirements&#148; and &#147;&#151;Business Overview&#151; Supervision and Regulation&#151;Investment Ratio&#148;. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Loans by Geographic Area </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table shows, by domicile of the customer, our net loans and advances as of December&nbsp;31, 2016, 2015, 2014, 2013 and 2012:
</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:10pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2013</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2012</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Domestic</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>182,492</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>192,227</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>178,410</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>188,434</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>201,401</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Foreign</B></P></TD>
<TD VALIGN="bottom">&nbsp;&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 BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Europe</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,763</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,327</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,696</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,650</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,171</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Turkey</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54,174</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54,252</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mexico</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,242</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51,842</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,904</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,823</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,073</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">South America</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53,512</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47,862</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53,616</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,291</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,507</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">The United States</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60,388</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58,677</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47,819</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35,858</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36,992</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,058</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,735</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,586</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,606</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,378</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total foreign</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>248,137</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>240,695</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>174,620</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>150,228</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>155,121</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total loans and advances</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>430,629</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>432,921</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>353,030</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>338,662</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>356,521</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(15,974</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(18,691</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14,244</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14,950</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14,115</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total net lending<SUP STYLE="font-size:85%; vertical-align:top"> (1)</SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>414,655</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>414,230</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>338,785</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>323,712</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>342,406</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Total net lending includes financial assets held for trading for loans and advances to customers. </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:Times New Roman" ALIGN="center">76 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Loans by Type of Customer </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table shows, by domicile and type of customer, our net loans and advances at each of the dates indicated. The classification by
type of customer is based principally on regulatory authority requirements in each country. </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:10pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2013</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2012</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Domestic</B></P></TD>
<TD VALIGN="bottom">&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Government</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,741</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,549</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,421</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,287</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,639</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Agriculture</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,076</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,064</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,221</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,281</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Industrial</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,670</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,079</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,507</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,844</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,227</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Real estate and construction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,179</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,621</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,170</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,456</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,294</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Commercial and financial</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,111</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,557</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,439</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,615</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,007</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans to individuals <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">102,299</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">105,157</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">86,362</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">90,838</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">94,912</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,415</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,289</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,113</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,921</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Domestic</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>182,492</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>192,227</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>178,410</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>188,434</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>201,401</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Foreign</B></P></TD>
<TD VALIGN="bottom">&nbsp;&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 BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Government</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,132</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,062</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,691</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,314</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,846</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Agriculture</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,236</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,251</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,127</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,727</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,334</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Industrial</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,402</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,834</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,072</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,985</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,479</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Real estate and construction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,822</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,343</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,982</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,243</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,890</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Commercial and financial</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,933</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32,019</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,441</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,802</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,862</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans to individuals</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">89,981</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">89,132</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">72,223</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59,840</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56,207</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,630</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,054</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,082</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,318</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,502</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Foreign</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>248,137</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>240,695</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>174,620</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>150,228</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>155,121</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Loans and Advances</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>430,629</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>432,921</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>353,030</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>338,662</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>356,521</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(15,974</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(18,691</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14,244</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14,950</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14,115</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total net lending<SUP STYLE="font-size:85%; vertical-align:top"> (2)</SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B></B><B>414,655</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>414,230</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>338,785</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>323,712</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>342,406</B></TD>
<TD NOWRAP VALIGN="bottom"><B></B>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Includes mortgage loans to households for the acquisition of housing. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Total net lending includes financial assets held for trading for loans and advances to customers. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth a breakdown, by currency, of our net loan portfolio as of December&nbsp;31, 2016, 2015, 2014, 2013 and 2012:
</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:8pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2013</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2012</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">In euros</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">199,289</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">204,549</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">182,903</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">190,135</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">211,446</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">In other currencies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">215,366</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">209,681</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">155,882</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">133,578</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">130,959</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total net lending <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>414,655</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>414,230</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>338,785</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>323,713</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>342,406</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Total net lending includes financial assets held for trading for loans and advances to customers. </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:Times New Roman" ALIGN="center">77 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, loans by BBVA and its subsidiaries to associates and jointly
controlled companies amounted to &#128;442&nbsp;million, compared with &#128;710&nbsp;million as of December&nbsp;31, 2015. Loans outstanding to the Spanish government and its agencies amounted to &#128;20,741&nbsp;million, or 4.8% of our total
loans and advances as of December&nbsp;31, 2016, compared with &#128;23,549&nbsp;million, or 5.4% of our total loans and advances as of December&nbsp;31, 2015. None of our loans to companies controlled by the Spanish government are guaranteed by the
government and, accordingly, we apply normal credit criteria in extending credit to such entities. Moreover, we carefully monitor such loans because governmental policies necessarily affect such borrowers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Diversification in our loan portfolio is our principal means of reducing the risk of loan losses. We also carefully monitor our loans to
borrowers in sectors or countries experiencing liquidity problems. Our exposure to our five largest borrowers as of December&nbsp;31, 2016, excluding government-related loans, amounted to &#128;19,604&nbsp;million or approximately 4.6% of our total
outstanding loans and advances. As of December&nbsp;31, 2016 there did not exist any concentration of loans exceeding 10% of our total outstanding loans and advances, other than by category as disclosed in the table above. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Maturity and Interest Sensitivity </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth an analysis by maturity of our total loans and advances by domicile of the office that issued the loan and the
type of customer as of December&nbsp;31, 2016. The determination of maturities is based on contract terms. </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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="48%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Maturity</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Due&nbsp;in&nbsp;One&nbsp;Year&nbsp;or<BR>Less</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Due&nbsp;After&nbsp;One&nbsp;Year<BR>Through Five Years</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Due&nbsp;After&nbsp;Five<BR>Years</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(In Millions of Euros)</B></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 BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Domestic</B></P></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>
<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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Government</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,087</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,059</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,595</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,741</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Agriculture</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">423</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">427</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">227</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,076</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Industrial</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,158</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,332</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,180</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,670</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Real estate and construction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,704</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,285</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,190</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,179</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Commercial and financial</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,893</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,656</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,562</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,111</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans to individuals</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,114</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,152</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68,034</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">102,299</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,247</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,059</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,108</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,415</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Domestic</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>45,626</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>48,970</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>87,896</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>182,492</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Foreign</B></P></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>
<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 BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Government</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">805</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,322</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,005</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,132</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Agriculture</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,742</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">884</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">610</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,236</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Industrial</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,302</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,315</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,785</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,402</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Real estate and construction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,852</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,167</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,804</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,822</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Commercial and financial</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,718</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,313</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,902</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,933</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans to individuals</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,513</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,150</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,318</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">89,981</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,401</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,924</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,305</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,630</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Foreign</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>75,332</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>83,074</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>89,730</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>248,136</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Loans and Advances</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>120,958</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>132,044</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>177,626</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>430,629</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth a breakdown of our fixed and variable rate loans which had a maturity of one
year or more as of December&nbsp;31, 2016. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Interest&nbsp;Sensitivity&nbsp;of&nbsp;Outstanding&nbsp;Loans&nbsp;and&nbsp;Advances<BR>Maturing in One Year or More</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Domestic</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Foreign</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Fixed rate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,320</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">92,683</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">105,003</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Variable rate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">124,546</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80,121</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">204,667</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total loans and advances</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>136,866</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>172,804</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>309,669</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&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:Times New Roman" ALIGN="center">78 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Impairment Losses on Loans and Advances </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For a discussion of loan loss reserves, see <I>&#147;Item 5. Operating and Financial Review and Prospects&#151;Critical Accounting
Policies&#151;Impairment losses on financial assets&#148;</I> and Note 2.2.1 to the Consolidated Financial Statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following
table provides information, by domicile of customer, regarding our loan loss reserve and movements of loan charge-offs and recoveries for periods indicated. </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:10pt" ALIGN="center">


<TR>
<TD WIDTH="70%"></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of and for the year ended December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2013</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2012</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><B>(In Millions of Euros, Except Percentages)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Loan loss reserve at beginning of period:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Domestic</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,357</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,832</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,510</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,638</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,689</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Foreign</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,385</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,441</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,480</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,506</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,440</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total loan loss reserve at beginning of period</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>18,742</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>14,273</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>14,990</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>14,144</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>9,129</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Loans charged off:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Total domestic <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,298</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,340</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,628</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,965</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,283</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Total foreign <SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,400</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,933</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,836</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,709</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,824</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total loans charged off:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(5,698</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(5,273</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(4,464</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(3,674</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(4,107</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Provision for possible loan losses:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Domestic</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,095</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,933</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,308</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,420</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,868</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Foreign</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,046</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,804</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,439</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,522</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,287</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total provision for possible loan losses</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,141</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,737</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,747</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,942</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,155</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Acquisition and disposition of
subsidiaries<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,572</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(30</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,066</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Effect of foreign currency translation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(601</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(862</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(119</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(557</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(567</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(705</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(881</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(835</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,139</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Loan loss reserve at end of period:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&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 BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Domestic</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,113</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,357</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,832</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,510</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,638</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Foreign</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,903</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,385</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,441</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,480</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,506</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Loan loss reserve at end of period</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>16,016</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>18,742</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>14,273</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>14,990</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>14,144</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Loan loss reserve as a percentage of total loans and receivables at end of period</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.44</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.97</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.80</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4.27</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.81</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net loan charge-offs as a percentage of total loans and receivables at end of
period</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1.22</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1.11</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1.19</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1.05</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1.11</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Domestic loans charged off in 2016 and 2015 were mainly related to the real estate sector. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Foreign loans charged off in 2016 include &#128;2,012&nbsp;million related to real estate loans and loans to individuals and others and &#128;361&nbsp;million related to commercial and financial loans. Loans charged off
in 2015 include &#128;1,904&nbsp;million related to real estate loans and loans to individuals and others and &#128;16&nbsp;million related to commercial and financial loans. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Includes amounts related to the acquisition of Garanti and Catalunya Banc in 2015. See Note 18 to the Consolidated Financial Statements. </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:Times New Roman" ALIGN="center">79 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">When the recovery of any recognized amount is considered to be remote, this amount is removed
from the consolidated balance sheet, without prejudice to any actions taken by the consolidated entities in order to collect the amount until their rights extinguish in full through expiry, forgiveness or for other reasons. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The loans charged off amounted to &#128;5,698&nbsp;million during the year ended December&nbsp;31, 2016 compared with &#128;5,239&nbsp;million
during the year ended December&nbsp;31, 2015. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our loan loss reserves as a percentage of total loans and advances increased to 3.4% as of
December&nbsp;31, 2016 from 4.0&nbsp;% as of December&nbsp;31, 2015. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Impaired Loans </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As described in Note 2.2.1 to the Consolidated Financial Statements, loans are considered to be impaired loans when there are reasonable doubts
that the loans will be recovered in full and/or the related interest will be collected for the amounts and on the dates initially agreed upon, taking into account the guarantees received by the consolidated entities to ensure (in part or in full)
the performance of the loans. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Amounts collected in relation to impaired loans and receivables are used to recognize the related accrued
interest and any excess amount is used to reduce the unpaid principal. The approximate amount of interest income on our impaired loans which was included in profit attributable to parent company in 2016, 2015, 2014, 2013 and 2012 was
&#128;264.2&nbsp;million, &#128;253.9&nbsp;million, &#128;231.2&nbsp;million, &#128;253.3&nbsp;million and &#128;228.1&nbsp;million, respectively. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table provides information regarding our impaired loans, by domicile and type of customer, as of the dates indicated: </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:10pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><B>As of December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2013</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2012</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center">(In Millions of Euros)</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Impaired loans</B></P></TD>
<TD VALIGN="bottom">&nbsp;&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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Domestic</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>16,360</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>19,481</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>18,563</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>20,985</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>15,165</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Public sector</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">270</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">191</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">172</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">158</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">145</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other resident sector</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,090</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,290</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,391</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,826</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,019</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Foreign</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,565</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,882</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,167</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,493</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,836</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Public sector</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other <FONT STYLE="white-space:nowrap">non-resident</FONT> sector</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,523</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,860</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,482</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,816</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total impaired loans</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>22,925</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>25,363</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>22,730</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>25,478</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>20,001</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total loan loss reserve</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(16,016</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(18,742</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(14,273</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(14,990</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(14,144</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Impaired loans net of reserves</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,908</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,621</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,457</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10,488</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,857</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our total impaired loans amounted to &#128;22,925&nbsp;million as of December&nbsp;31, 2016, a 9.6% decrease
compared with &#128;25,363&nbsp;million as of December&nbsp;31, 2015. This decrease was mainly attributable to a decline in domestic impaired loans, particularly in the real estate sector. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As mentioned in Note 2.2.1 to the Consolidated Financial Statements, our loan loss reserve includes loss reserve for impaired assets and loss
reserve for unimpaired assets but which present an inherent loss. As of December&nbsp;31, 2016, the loan loss reserve amounted to &#128;16,016&nbsp;million, a 14.5% decrease compared with &#128;18,742&nbsp;million as of December&nbsp;31, 2015. This
decrease in our loan loss reserve is mainly attributable to a decline in domestic impaired loans, particularly in the real estate sector. </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:Times New Roman" ALIGN="center">80 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following tables provide information, by domicile and type of customer, regarding our
impaired loans and the loan loss reserves to customers taken for each impaired loan category, as of December&nbsp;31, 2016 and 2015: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Impaired<BR>Loans</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Loan&nbsp;Loss<BR>Reserve</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Impaired&nbsp;Loans<BR>as a Percentage<BR>of&nbsp;Loans&nbsp;by<BR>Category</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center">(In Millions of Euros)</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 BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Domestic:</B></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Government</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">270</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(31</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.30</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.00</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other sectors</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,090</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,385</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.95</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Agriculture</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">104</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(47</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.64</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Industrial</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,134</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(581</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.29</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Real estate and construction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,262</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,521</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41.25</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Commercial and other financial</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,206</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(731</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.19</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loans to individuals</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,992</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,744</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.86</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,392</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(761</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.48</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Domestic</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>16,360</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(7,416</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8.96</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Foreign:</B></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Government</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.30</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.00</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other sectors</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,523</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,356</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.79</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Agriculture</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">117</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(67</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.62</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Industrial</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(457</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.67</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Real estate and construction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">537</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(245</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.46</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Commercial and other financial</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">661</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(346</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.95</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loans to individuals</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,809</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,573</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.12</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,240</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(675</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.98</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Foreign</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,565</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(3,375</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.65</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>General reserve</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(5,224</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total impaired loans</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>22,925</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(16,016</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5.65</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></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:Times New Roman" ALIGN="center">81 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Impaired<BR>Loans</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Loan&nbsp;Loss<BR>Reserve</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Impaired&nbsp;Loans<BR>as a Percentage<BR>of&nbsp;Loans&nbsp;by<BR>Category</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center">(In Millions of Euros)</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 BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Domestic:</B></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Government</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">191</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(34</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.81</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other sectors</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,290</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9,468</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.44</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Agriculture</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">107</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(44</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.06</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Industrial</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,657</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,020</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.99</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Real estate and construction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,732</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,534</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41.52</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Commercial and other financial</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,284</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(746</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.11</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loans to individuals</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,977</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,942</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.68</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,533</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,182</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.71</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Domestic</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>19,481</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(9,502</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10.13</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Foreign:</B></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Government</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.14</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(23</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.09</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other sectors</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,831</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,291</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.58</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Agriculture</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">124</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(64</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.82</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Industrial</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">776</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(412</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.85</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Real estate and construction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(246</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.97</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Commercial and other financial</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">612</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(314</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.91</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loans to individuals</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,840</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,572</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.19</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,078</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(684</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.75</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Foreign</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,882</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(3,324</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.44</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>General reserve</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(5,916</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total impaired loans</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>25,363</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(18,742</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5.87</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Troubled Debt Restructurings </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, &#147;troubled debt restructurings&#148;, as described in Appendix XI to our Consolidated Financial Statements,
totaling &#128;11,418&nbsp;million were not considered impaired loans. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Potential Problem Loans </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The identification of &#147;Potential problem loans&#148; is based on the analysis of historical
<FONT STYLE="white-space:nowrap">non-performing</FONT> asset ratio trends, categorized by products/clients and geographical locations. This analysis is focused on the identification of portfolios with
<FONT STYLE="white-space:nowrap">non-performing</FONT> asset ratio higher than our average <FONT STYLE="white-space:nowrap">non-performing</FONT> asset ratio. Once these portfolios are identified, we segregate such portfolios into groups with
similar characteristics based on the activities to which they are related, geographical location, type of collateral, solvency of the client and loan to value ratio<I>.</I> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The <FONT STYLE="white-space:nowrap">non-performing</FONT> asset ratio in our domestic real estate and construction portfolio was 41.2% as of
December&nbsp;31, 2016 (compared with 41.5% as of December&nbsp;31, 2015), substantially higher than the average <FONT STYLE="white-space:nowrap">non-performing</FONT> asset ratio for all of our domestic activities (9.0% as of December&nbsp;31, 2016
and 10.1% as of December&nbsp;31, 2015) and the average <FONT STYLE="white-space:nowrap">non-performing</FONT> asset ratio for all of our consolidated activities (4.9% as of December&nbsp;31, 2016 and 5.4% as of December&nbsp;31, 2015). Within such
portfolio, construction loans and property development loans (which exclude mainly infrastructure and civil construction) had a <FONT STYLE="white-space:nowrap">non-performing</FONT> asset ratio of 25.3% as of December&nbsp;31, 2016 (compared with
23.7% as of December&nbsp;31, 2015). Given such <FONT STYLE="white-space:nowrap">non-performing</FONT> asset ratio, we performed an analysis in order to define the level of loan provisions attributable to these loan portfolios (see Note 2.2.1 to our
Consolidated Financial Statements). </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Foreign Country Outstandings </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth, as of the end of the years indicated, the aggregate amounts of our cross-border outstandings (which consist of
loans, interest-bearing deposits with other banks, acceptances and other monetary assets denominated in a currency other than the home-country currency of the office where the item is booked) where outstandings in the borrower&#146;s country
exceeded 1% of our total assets as of December&nbsp;31, 2016, December&nbsp;31, 2015 and December&nbsp;31, 2014. Cross-border outstandings do not include loans in local currency made </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:Times New Roman" ALIGN="center">82 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
by our subsidiary banks to customers in other countries to the extent that such loans are funded in the local currency or hedged. As a result, they do not include the vast majority of the loans
made by our subsidiaries in South America, Mexico, Turkey and the United States or other regions which are not listed below. </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:10pt" ALIGN="center">


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<TD></TD>
<TD></TD>
<TD></TD>
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<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
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<TD></TD>
<TD></TD>
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<TD></TD>
<TD></TD>
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<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amount</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>%&nbsp;of&nbsp;Total<BR>Assets</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amount</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>%&nbsp;of&nbsp;Total<BR>Assets</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amount</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>%&nbsp;of&nbsp;Total<BR>Assets</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center"><B>(In Millions of Euros, Except Percentages)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">United Kingdom</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,854</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,306</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,816</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.9</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mexico</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,947</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.3</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,134</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.3</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,606</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.3</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Turkey</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,665</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.2</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,974</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.3</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other OECD</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,745</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.1</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,124</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.1</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,162</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total OECD</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>17,211</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2.4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>19,538</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2.7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>13,584</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2.1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Central and South America</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,001</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,434</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,850</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.4</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,056</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,888</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,773</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>25,268</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>27,860</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>21,207</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth the amounts of our cross-border outstandings as of December&nbsp;31 of the
years indicated below by type of borrower where outstandings in the borrower&#146;s country exceeded 1% of our total assets. </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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="49%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Governments</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Banks and Other<BR>Financial&nbsp;Institutions</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Commercial,<BR>Industrial&nbsp;and&nbsp;Other</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>As of December&nbsp;31, 2016</B></P></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>
<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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mexico</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,781</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,947</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Turkey</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">105</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">439</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,120</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,665</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">United Kingdom</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,732</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,122</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,854</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>266</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,176</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,024</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>9,466</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>As of December&nbsp;31, 2015</B></P></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>
<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 BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mexico</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">166</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,965</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,134</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">United Kingdom</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,661</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,646</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,306</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>166</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,665</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,611</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>9,440</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>As of December&nbsp;31, 2014</B></P></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>
<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 BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mexico</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,646</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,606</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">United Kingdom</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,999</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,817</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,816</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>125</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,016</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,463</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>7,422</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Bank of Spain requires that minimum reserves be maintained for cross-border risk arising with respect to
loans and other outstandings to countries, or residents of countries, falling into certain categories established by the Bank of Spain on the basis of the level of perceived transfer risk. The category that a country falls into is determined by us,
subject to review by the Bank of Spain. </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:Times New Roman" ALIGN="center">83 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table shows the minimum required reserves with respect to each category of country
for BBVA&#146;s level of coverage as of December&nbsp;31, 2016. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="29%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP>
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:42.50pt; font-size:8pt; font-family:Times New Roman"><B>Categories<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Minimum&nbsp;Percentage&nbsp;of&nbsp;Coverage<BR>(Outstandings Within Category)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Countries belonging to the OECD whose currencies are listed in the Spanish foreign exchange
market</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Countries with transitory
difficulties<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Doubtful countries<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Very doubtful countries<SUP STYLE="font-size:85%; vertical-align:top">(2)(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">83.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Bankrupt countries<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Any outstanding which is guaranteed may be treated, for the purposes of the foregoing, as if it were an obligation of the guarantor. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Coverage for the aggregate of these three categories (countries with transitory difficulties, doubtful countries and very doubtful countries) must equal at least 35% of outstanding loans within the three categories. The
Bank of Spain has recommended up to 50% aggregate coverage. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Outstandings to very doubtful countries are treated as impaired under Bank of Spain regulations. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Outstandings to bankrupt countries must be charged off immediately. As a result, no such outstandings are reflected on our consolidated balance sheet. Notwithstanding the foregoing minimum required reserves, certain
interbank outstandings with an original maturity of three months or less have minimum required reserves of 50%. We met or exceeded the minimum percentage of required coverage with respect to each of the foregoing categories. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our exposure to borrowers in countries with difficulties (the last four categories in the foregoing table), excluding our exposure to
subsidiaries or companies we manage and trade-related debt, amounted to &#128;104&nbsp;million, &#128;130&nbsp;million and &#128;192&nbsp;million as of December&nbsp;31, 2016, 2015 and 2014, respectively. These figures do not reflect loan loss
reserves of 35.6%, 29.2%, and 16.7% respectively, of the relevant amounts outstanding at such dates. Deposits with or loans to borrowers in all such countries as of December&nbsp;31, 2016 did not in the aggregate exceed 0.01% of our total assets.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The country-risk exposures described in the preceding paragraph as of December&nbsp;31, 2016, 2015 and 2014 do not include exposures for
which insurance policies have been taken out with third parties that include coverage of the risk of confiscation, expropriation, nationalization, <FONT STYLE="white-space:nowrap">non-transfer,</FONT>
<FONT STYLE="white-space:nowrap">non-convertibility</FONT> and, if appropriate, war and political violence. The sums insured as of December&nbsp;31, 2016, 2015 and 2014 amounted to $90&nbsp;million, $81&nbsp;million and $118&nbsp;million,
respectively (approximately &#128;85&nbsp;million, &#128;74&nbsp;million and &#128;97&nbsp;million, respectively, based on a euro/dollar exchange rate on December&nbsp;31, 2016 of $1.00 = &#128;0.95, on December&nbsp;31, 2015 of $1.00 = &#128;0.92,
and on December&nbsp;31, 2014 of $1.00 = &#128;0.82). </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:Times New Roman" ALIGN="center">84 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>LIABILITIES </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Deposits </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
principal components of our customer deposits are domestic demand and savings deposits and foreign time deposits. The following tables provide information regarding our deposits by principal geographic area for the dates indicated. </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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="58%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31, 2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Customer<BR>Deposits</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Bank&nbsp;of&nbsp;Spain&nbsp;and<BR>Other Central<BR>Banks</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Other&nbsp;Credit<BR>Institutions</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Domestic</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>161,022</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>26,602</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,768</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>186,771</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Foreign</B></P></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>
<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 BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Europe</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,949</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38,338</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69,388</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mexico</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54,117</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,663</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69,034</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">South America</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,282</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,407</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,035</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57,658</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">The United States</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62,311</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,040</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">67,995</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Turkey</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38,211</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,191</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,463</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,021</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,572</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,194</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,766</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Foreign</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>240,442</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,138</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>56,733</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>316,863</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>401,465</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>34,740</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>63,501</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>503,634</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="58%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31, 2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Customer<BR>Deposits</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Bank&nbsp;of&nbsp;Spain&nbsp;and<BR>Other Central<BR>Banks</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Other&nbsp;Credit<BR>Institutions</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Domestic</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>168,689</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>19,014</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,262</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>195,965</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Foreign</B></P></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>
<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 BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Europe</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35,770</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,896</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75,767</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mexico</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51,422</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,254</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,643</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64,319</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">South America</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,469</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,341</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,423</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52,233</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">The United States</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62,988</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">619</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,391</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70,998</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36,036</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,348</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,786</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42,170</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Foreign</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,988</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,411</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,142</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,541</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>234,673</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>21,073</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>60,281</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>316,027</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>403,362</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>40,087</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>68,543</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>511,992</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31, 2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Customer<BR>Deposits</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Bank&nbsp;of&nbsp;Spain&nbsp;and<BR>Other Central<BR>Banks</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Other Credit<BR>Institutions</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Domestic</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>143,721</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>17,568</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10,213</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>171,502</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Foreign</B></P></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>
<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 BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Europe</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,187</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,004</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57,292</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mexico</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,678</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,596</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,063</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58,337</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">South America</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58,239</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,091</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,402</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65,732</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">The United States</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,902</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,610</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55,512</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,607</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">824</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,725</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,156</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Foreign</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>175,613</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10,611</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>54,804</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>241,028</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>319,334</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>28,178</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>65,017</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>412,529</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For an analysis of our deposits, including <FONT STYLE="white-space:nowrap">non-interest</FONT> bearing demand
deposits, interest-bearing demand deposits, saving deposits and time deposits, see Note 22 to the 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:Times New Roman" ALIGN="center">85 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, the maturity of our time deposits (excluding interbank deposits) in
denominations of $100,000 or greater was as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31, 2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Domestic</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Foreign</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">3 months or under</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,956</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42,538</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54,495</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Over 3 to 6 months</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,546</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,805</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,351</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Over 6 to 12 months</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,353</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,064</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,417</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Over 12 months</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,828</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,811</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,639</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>40,682</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>73,219</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>113,902</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Time deposits from Spanish and foreign financial institutions amounted to &#128;30,826&nbsp;million as of
December&nbsp;31, 2016, substantially all of which were in excess of $100,000. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Large denomination deposits may be a less stable source of
funds than demand and savings deposits because they are more sensitive to variations in interest rates. For a breakdown by currency of customer deposits as of December&nbsp;31, 2016, 2015 and 2014, see Note 22 to the Consolidated Financial
Statements. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Short-term Borrowings </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Securities sold under agreements to repurchase and promissory notes issued by us constituted the only categories of short-term borrowings that
equaled or exceeded 30% of stockholders&#146; equity as of December&nbsp;31, 2016, 2015 and 2014. </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:10pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of and for the<BR>Year Ended<BR>December&nbsp;31, 2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of and for the<BR>Year Ended<BR>December&nbsp;31, 2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of and for the<BR>Year Ended<BR>December&nbsp;31, 2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amount</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Average<BR>rate</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amount</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Average<BR>rate</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amount</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Average<BR>rate</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center"><B>(In Millions of Euro, Except Percentages)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Securities sold under agreements to repurchase (principally Spanish treasury
bills):</B></P></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>
<TD VALIGN="bottom">&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>
<TD VALIGN="bottom">&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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">As of end of period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,682</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,342</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48,538</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Average during period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,589</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.4</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47,954</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.9</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,702</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.9</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Maximum <FONT STYLE="white-space:nowrap">quarter-end</FONT> balance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,399</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,342</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48,538</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Bank promissory notes:</B></P></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>
<TD VALIGN="bottom">&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>
<TD VALIGN="bottom">&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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">As of end of period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,033</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.2</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">516</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.3</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,070</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Average during period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">883</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,239</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.4</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Maximum <FONT STYLE="white-space:nowrap">quarter-end</FONT> balance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,079</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,354</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,107</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Bonds and subordinated debt :</B></P></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>
<TD VALIGN="bottom">&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>
<TD VALIGN="bottom">&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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">As of end of period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,708</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,741</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.4</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,070</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Average during period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,092</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,320</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.2</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,791</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Maximum <FONT STYLE="white-space:nowrap">quarter-end</FONT> balance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,693</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,503</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total short-term borrowings as of end of period</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>55,423</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2.1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>65,598</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1.5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>64,677</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1.3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></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:Times New Roman" ALIGN="center">86 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Return Ratios </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets out our return ratios: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As&nbsp;of&nbsp;or&nbsp;for&nbsp;the&nbsp;Year&nbsp;Ended&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(In Percentages)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Return on stockholders&#146; funds
<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.3</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Return on assets<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Dividend <FONT STYLE="white-space:nowrap">pay-out</FONT> ratio<SUP
STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Equity to assets ratio<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Represents profit attributable to parent company for the year as a percentage of average stockholder&#146;s funds for the year, excluding &#147;Non-controlling interest&#148;. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Represents profit attributable to parent company as a percentage of average total assets for the year. </TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Represents dividends declared by BBVA (including the cash remuneration paid under the &#147;Dividend Option&#148; scheme) as a percentage of profit attributable to parent company. This ratio does not take into account
the <FONT STYLE="white-space:nowrap">non-cash</FONT> remuneration paid by BBVA under the &#147;Dividend Option&#148; scheme (in the form of BBVA shares or ADSs). See <I>&#147;&#151;</I><I></I><I>Business Overview&#151;Supervision and
Regulation&#151;Dividends&#151;Scrip Dividend&#148; and &#147;Item 8. Financial Information&#151;Consolidated Statements and Other Financial Information&#151;Dividends&#148;</I>. </TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Represents average total equity over average total assets. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_18"></A>F. Competition
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The commercial banking sector in Spain has undergone significant consolidation. In the majority of the markets where we provide
financial services, the Banco Santander Group is our largest competitor, but the restructuring processes that have been underway for several years have increased the size of certain banks, such as Bankia (an integration of seven regional saving
banks, led by Caja Madrid), Caixabank (which acquired Banco de Valencia, Banca C&iacute;vica and Barclays&#146;s Spanish operations), Banco Popular and Banco Sabadell. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We face strong competition in all of our principal areas of operations. The low interest rate environment which depresses interest income and
the ongoing <FONT STYLE="white-space:nowrap">de-leveraging</FONT> process makes competition quite fierce in the Spanish market. In particular, competition is particularly intense in the credit market for lending to small and medium enterprises
(SMEs), where new credit interest rates have fallen from an average of 5.0% by <FONT STYLE="white-space:nowrap">mid-2014</FONT> to around 2.3% at December 2016, getting closer to not covering credit costs. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, in the aftermath of the financial crisis, the need for a more balanced funding structure led to increased competition for
deposits in Spain. While the low interest rate environment has depressed deposits&#146; remuneration, there seems to be a zero interest rate floor as deposit rates are not entering negative territory. The Bank of Spain, through its Circular 3/2011,
of June&nbsp;30, required that a higher contribution be made to the Deposit Guarantee Scheme (DGS) in connection with deposits the remuneration of which exceeded certain thresholds dependent on the evolution of the Euribor. However, this requirement
was removed in the summer of 2012. Former Spanish savings banks, many of which have become banks and received financial or other forms of support from the Spanish government and the European Stability Mechanism, and money market mutual funds provide
strong competition for savings deposits and, in the case of savings banks, for other retail banking services. While the European Commission has imposed certain size limits on institutions receiving public capital, such limits only affect entities
that account for around 30% of the total assets of the Spanish financial system which, in addition, have a relatively long period (five years) to comply with such limits. Some of these entities remain particularly active in some sectors, for
example, in lending to SMEs. </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:Times New Roman" ALIGN="center">87 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Credit cooperatives, which are active principally in rural areas where they provide savings and
loan services and related services such as the financing of agricultural machinery and supplies, are also a source of competition. The entry of &#147;fintech companies&#148; and <FONT STYLE="white-space:nowrap">on-line</FONT> banks into the Spanish
banking system has also increased competition, especially in payment services. Insurance companies and other financial service firms also compete for customer funds. In addition, despite their recent decline, the high interest rates offered by
Spanish public debt has made it a strong competitor for deposits. Like commercial banks, former savings banks, insurance companies and other financial service firms are expanding the services offered to consumers in Spain. We face competition in
mortgage loans from saving banks and, to a lesser extent, cooperatives. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Furthermore, the EU Directive on Investment Services took effect
on December&nbsp;31, 1995. The EU Directive permits all brokerage houses authorized to operate in other member states of the EU to carry out investment services in Spain. Although the EU Directive is not specifically addressed to banks, it affects
the activities of banks operating in Spain. Besides, several initiatives have been implemented recently in order to facilitate the creation of a <FONT STYLE="white-space:nowrap">Pan-European</FONT> financial market. For example, SEPA (Single Euro
Payments Area), which is a payment-integration initiative for simplification of bank transfers, direct debits and payment cards mainly within the EU and the MiFID project (Markets in Financial Instruments Directive), which aims to create a European
framework for investment services. In addition, decisive steps are being taken towards achieving a banking union in Europe (as agreed at a Eurogroup meeting in June 2012). The ECB started to work as a single supervisor in November 2014, supervising
around 123 entities (including us) in the Eurozone. In addition, the foundations of a single resolution mechanism were set with the agreement on the regulation and contributions to the Fund and the appointment of the SRB which is operational since
January&nbsp;1, 2015. In addition, a new instrument of bank direct recapitalization was created within the ESM. The <FONT STYLE="white-space:nowrap">bail-in</FONT> tool included in the BRRD entered into force on January&nbsp;1, 2016. The creation of
a common deposit-guarantee scheme (the EDIS) was proposed by the European Commission in November 2015 in order to complete the current banking union process. More recently, in November 2016, the Bank of Spain Circular 7/2016 entered into force and
modified the calculation of provisions by Spanish banks. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Following the financial turmoil, a number of banks have disappeared or have been
absorbed by other banks. We believe this trend will likely continue in the future, with a number of mergers and acquisitions between financial entities both domestically and at the European level. In Spain, the recapitalization of several entities
with public funds and their subsequent privatization, with the purpose of achieving a stronger banking sector, has intensified this process. In this vein, it is possible that Bankia and BMN merge, as the FROB owns more than 60% of both entities. In
the U.S., the government has facilitated the purchase of troubled banks by other competitors, and European governments, including the Spanish government, have expressed their willingness to facilitate these types of operations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In the United States, where we operate primarily through BBVA Compass, the competitive landscape has also been significantly affected by the
financial crisis. The U.S. banking industry has experienced significant impairment of its assets since 2009, which resulted in losses in selected product categories and slow loan growth. U.S. commercial banks have largely recovered from the crisis,
although the mortgage delinquency rate remained high at 4.25% in December 2016, according to the Federal Reserve. Commercial banks continue to make strides toward healthy balance sheets, with delinquency and
<FONT STYLE="white-space:nowrap">charge-off</FONT> rates falling throughout 2016. Consumer delinquencies of the system have actually fallen below <FONT STYLE="white-space:nowrap">pre-crisis</FONT> levels. Commercial real estate asset quality has
also improved steadily with the delinquency rate at 0.84% as of December&nbsp;31, 2016 according to the Federal Reserve. Asset quality has improved since the crisis, and we expect these positive trends to continue on the back of rising economic
confidence despite increased uncertainty due to the new administration. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In Turkey, where we operate through Garanti, competition remains
high mainly from the three public banks operating in the region, which accounted for 33% of total loans as of December&nbsp;31, 2016, and from private banks, with an estimated aggregate market share (including Garanti) of approximately 58% as of
December 2016. Development banks and the so called &#147;participation banks&#148; (banks that operate under the ethos of Islamic banking) accounted for the remaining 9%. During 2016, credit in Turkey grew at a more moderate pace than in prior years
given the uncertainties in foreign and domestic markets, although it grew at double-digit rates <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">year-on-year</FONT></FONT> in local currency. Overall loans to individuals in Turkey
increased by 17% in local currency during 2016 (source: BRSA). Adjusted for the effect of the depreciation of the Turkish lira, such rate would be closer to 11%. Growth in customer funds also slowed in 2016, although it remained at double digit
rates <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">year-on-year</FONT></FONT> in local currency (deposits grew by 17% in 2016 in local currency). </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:Times New Roman" ALIGN="center">88 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In Mexico, where we operate through BBVA Bancomer, the banking industry remained solvent
throughout the financial crisis. The banking system has remained solid during 2016, with total bank lending showing double-digit growth, although slightly below last year&#146;s growth rate (an increase of 12.9% in 2016, compared to an increase of
14.7% in 2015). The amount of total banking deposits maintained in 2016 roughly the same growth rate of 2015 at 12.4% <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">year-on-year.</FONT></FONT> Despite the faster growth of total
lending and total assets under management, the overall capitalization level remained unchanged at 15.0% as of November&nbsp;30, 2016. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In
Mexico, changes in banking regulation could have a significant potential impact on competition. In particular, the government proposed a Financial Reform Initiative in May 2013 that was approved in January 2014. The reform includes: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Changes in the mandate of development banks (public banks) to foster the growth of the financial system. The reform allowed for a modern management of internal organization, use of capital, human resources and talent.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Measures to promote competition in the financial sector to make financial services less expensive. The reform strengthened the powers of the financial ombudsman, the Condusef, to regulate the relationship between
financial institutions and consumers, allowed it to issue public recommendations to financial institutions; created a bureau of financial institutions aimed at strengthening market discipline; and established a new arbitral system for conflict
resolution, among others. The reform also made it easier for consumers to switch mortgages. Overall greater competition in this market has resulted in lower interest rates and better conditions for consumers. A new framework for the regulation of
card payment systems was also introduced for the ultimate benefit of financial consumers. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Additional incentives to boost lending. The reform also aimed to redress the shortcomings and difficulties of guarantee execution which eventually translated in higher prices and worse conditions for financial consumers
in general. The reform amended judicial proceedings, safeguarded lenders rights and expedited execution of pledged assets (without the need of an execution proceeding or a court ruling on the matter). These changes may have contributed to the
positive performance of credit in recent months. The introduction of specialized courts for financial matters, one of the reform&#146;s most promising improvements and with greater potential to further expand credit, remains pending. Once in place,
these courts should resolve matters in a more expedited and efficient way, allowing for example the quick execution of guarantees for the immediate benefit of lenders. These courts should help reduce overall judicial costs, strengthen market
discipline and enable greater competition through cleaner prices. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The improvement of prudential regulation to strengthen the financial and banking systems. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">It
is early to determine the definitive impact that the financial reform has had on the level of competition of the Mexican financial system. Credit has performed positively since the approval of the reform but this may also be the result of a
relatively stable and positive overall macroeconomic performance. Further, both commercial and development bank credit had already engaged in a growth cycle well before the reform was unveiled as both credit portfolios have shown real annual growth
from 2010 onwards. Although the new regulatory framework may have contributed to the recent success, the real impact of the reform should manifest in the medium and long term. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, any changes in laws, regulations and policies pursued by the incoming U.S. Government may adversely affect the emerging markets
in which the Group operates, particularly Mexico due to the trade and other ties between Mexico and the United States. </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:Times New Roman" ALIGN="center">89 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_19"></A>G. Cybersecurity and Fraud Management </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Digital transformation has become a strategic priority for the financial sector and in particular for BBVA. In this regard, it is vital to
protect our trademark, our assets and the information of our customers from existent threats in the digital world. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">To obtain this
objective, we have a Computer Emergency Response Team (CERT) which is responsible for preventing, alerting and responding to cyber threats. We believe that the CERT can adapt quickly and innovate solutions to solve the challenges needed to digitally
transform the BBVA Group, while keeping up with the frequent changes to cyber-crime technology. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">With the objective of maintaining the
best practices of the international financial sector, in 2016 a Technology and Cybersecurity Committee was created in the BBVA Group. This committee is composed of four Board members and is chaired by the Chief Executive Officer of BBVA. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">During 2016, BBVA has consolidated the implementation of the NIST (National Institute of Standards and Technology) standard with the control
and management framework of cyber security. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Lastly, BBVA has a strong commitment to the protection of its customers, and to this end we
work closely with regulators and the bank industry in those countries in which the BBVA Group has a presence, with the goal that customers are always protected. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">During 2016, BBVA made progress in the integrity management of all external and internal fraud prevention processes, including the
establishment of a corporate fraud committee. The BBVA Group&#146;s global anti-fraud program is focused on preventing and mitigating the impact of fraudulent activities. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>I<A NAME="tx368256_20"></A>TEM&nbsp;4A.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>UNRESOLVED STAFF COMMENTS </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">None. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>I<A NAME="tx368256_21"></A>TEM&nbsp;5.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>OPERATING AND FINANCIAL REVIEW AND PROSPECTS </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Overview </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The BBVA Group is a customer-centric global financial services group founded in 1857. It has a solid leadership position in the Spanish market,
it is the largest financial institution in Mexico in terms of assets, it has leading franchises in South America and the Sunbelt Region of the United States; moreover, it is also the leading shareholder in Garanti, Turkey&#146;s biggest bank in
terms of market capitalization. Its diversified business is focused on high-growth markets and it relies on technology as a key sustainable competitive advantage. Corporate responsibility is at the core of its business model. BBVA fosters financial
education and inclusion, and supports scientific research and culture. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The BBVA Group operates in Spain through Banco Bilbao Vizcaya
Argentaria, S.A., 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. In addition to the transactions it carries out directly, Banco Bilbao Vizcaya Argentaria, S.A. is the parent company of the BBVA Group, which includes a group of subsidiaries, joint ventures and associates performing a wide range of
activities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, the BBVA Group had 134,792 employees, 70&nbsp;million customers, 8,660 branches and 31,120 ATMs
and was present in 35 countries. As of such date the BBVA Group was composed of 370 consolidated entities and 89 entities accounted for using the equity method. </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:Times New Roman" ALIGN="center">90 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I></I><B><I>Critical Accounting Policies</I></B><I> </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Consolidated Financial Statements as of and for the years ended December&nbsp;31, 2016, 2015 and 2014 were prepared by the Bank&#146;s
directors in accordance with <FONT STYLE="white-space:nowrap">EU-IFRS</FONT> required to be applied under the Bank of Spain&#146;s Circular 4/2004, and in compliance with IFRS-IASB, and by applying the basis of consolidation, accounting policies and
measurement bases described in Note 2 to the Consolidated Financial Statements, so that they present fairly the Group&#146;s total equity and financial position as of December&nbsp;31, 2016, 2015 and 2014, and its results of operations and
consolidated cash flows for the years ended December&nbsp;31, 2016, 2015 and 2014. The Consolidated Financial Statements were prepared on the basis of the accounting records kept by the Bank and by each of the other Group companies and include the
adjustments and reclassifications required to unify the accounting policies and measurement bases used by the Group. See Note 2.2 to the Consolidated Financial Statements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In preparing the Consolidated Financial Statements estimates were made by the Group and the consolidated companies in order to quantify
certain of the assets, liabilities, income, expenses and commitments reported herein. These estimates relate mainly to the following: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The impairment on certain financial assets. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The assumptions used to quantify other provisions and for the actuarial calculation of the post-employment benefit liabilities and commitments. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The useful life and impairment losses of tangible and intangible assets. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The measurement of goodwill. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The fair value of certain unlisted financial assets and liabilities. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The recoverability of deferred tax assets. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The exchange rate and the inflation rate of Venezuela. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Although these estimates were made on
the basis of the best information available as of December&nbsp;31, 2016, 2015 and 2014, respectively, on the events analyzed, events that take place in the future might make it necessary to revise these estimates (upwards or downwards) in coming
years. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Note 2 to the Consolidated Financial Statements contains a summary of our significant accounting policies. We consider certain of
these policies to be particularly important due to their effect on the financial reporting of our financial condition and because they require management to make difficult, complex or subjective judgments, some of which may relate to matters that
are inherently uncertain. Our reported financial condition and results of operations are sensitive to accounting methods, assumptions and estimates that underlie the preparation of the Consolidated Financial Statements. The nature of critical
accounting policies, the judgments and other uncertainties affecting application of those policies and the sensitivity of reported results to changes in conditions and assumptions are factors to be considered when reviewing our Consolidated
Financial Statements and the discussion below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have identified the accounting policies enumerated below as critical to the
understanding of our results of operations, since the application of these policies requires significant management assumptions and estimates that could result in materially different amounts to be reported if the assumptions used or underlying
circumstances were to change. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">See Note 2.3 to the Consolidated Financial Statements for information on changes to IFRS or their
interpretation that will become effective after the date of this Annual Report. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I></I><B><I>Fair value of financial instruments</I></B><I> </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The fair value of an asset or a liability on a given date is taken to be the price that would be received upon the sale of an asset, or paid, upon the transfer
of a liability in an orderly transaction between market participants at the measurement date. The most objective and common reference for the fair value of an asset or a liability is the price that would be paid for it on an organized, transparent
and deep market (&#147;<B>quoted price</B>&#148; or &#147;<B>market price</B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If there is no market price for a given asset or liability, its
fair value is estimated on the basis of the price established in recent transactions involving similar instruments and, in the absence thereof, by using mathematical measurement models sufficiently tried and trusted by the international financial
community. Such estimates would take into consideration the specific features of the asset or liability to be measured and, in particular, the various types of risk associated with the asset or liability. However, the limitations inherent to the
measurement models developed and the possible inaccuracies of the assumptions required by these models may signify that the fair value of an asset or liability thus estimated does not coincide exactly with the price for which the asset or liability
could be purchased or sold on the date of its measurement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">See Notes 2.2.1 and 8 to the Consolidated Financial Statements, which contains a summary of
our significant accounting policies. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I></I><B><I>Derivatives and other future transactions</I></B><I> </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">These instruments include outstanding foreign currency purchase and sale transactions, outstanding securities purchase and sale transactions,
futures transactions relating to securities, exchange rates or interest rates, forward interest rate agreements, options relating to exchange rates, securities or interest rates and various types of financial swaps. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">All derivatives are recognized on the balance sheet at fair value from the date of arrangement. If the fair value of a derivative is positive,
it is recorded as an asset and if it is negative, it is recorded as a liability. Unless there is evidence to the contrary, it is understood that on the date of arrangement the fair value of the derivatives is equal to the transaction price. Changes
in the fair value of derivatives after the date of arrangement are recognized with a balancing entry under the heading &#147;Gains or Losses on Financial Assets and Liabilities&#148; in the consolidated income statement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Specifically, the fair value of the standard financial derivatives included in the held for trading portfolios is equal to their daily quoted
price. If, under exceptional circumstances, their quoted price cannot be established on a given date, these derivatives are measured using methods similar to those used to measure
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">over-the-counter</FONT></FONT> (&#147;<B>OTC</B>&#148;) derivatives. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The fair value of OTC derivatives is equal to the sum of the future cash flows arising from the instruments discounted at the measurement date
(&#147;present value&#148; or &#147;theoretical value&#148;). These derivatives are measured using methods recognized by the financial markets, including the net present value (&#147;<B>NPV</B>&#148;) method and option price calculation models. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Financial derivatives that have as their underlying equity instruments, whose fair value cannot be determined in a sufficiently objective
manner and are settled by delivery of those instruments, are measured at cost. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Financial derivatives designated as hedging items are
included in the heading of the balance sheet &#147;Hedging derivatives&#148;. These financial derivatives are valued at fair value. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">See
Note 2.2.1 to the Consolidated Financial Statements, which contains a summary of our significant accounting policies with respect to these 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:Times New Roman" ALIGN="center">92 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I></I><B><I>Goodwill in consolidation</I></B><I> </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to IFRS 3, if the difference on the date of a business combination between the sum of the consideration transferred, the amount of all
the <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests and the fair value of equity interest previously held in the acquired entity, on one hand, and the fair value of the assets acquired and liabilities assumed, on the other hand, is
positive, it is recorded as goodwill on the asset side of the balance sheet. Goodwill represents the future economic benefits from assets that cannot be individually identified and separately recognized. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Goodwill is not amortized and is subject periodically to an impairment analysis. Any impaired goodwill is written off. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If the difference is negative, it is recognized directly in the income statement under the heading &#147;Negative goodwill in business
combinations&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Goodwill is allocated to one or more cash-generating units, or CGUs, expected to benefit from the synergies arising
from business combinations. The CGUs units represent the Group&#146;s smallest identifiable business and/or geographical segments as managed internally by its directors within the Group. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The CGUs to which goodwill has been allocated are tested for impairment based on the carrying amount of the unit including the allocated
goodwill. Such testing is performed at least annually and whenever there is an indication of impairment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the purpose of determining
the impairment of a CGU to which a part or all of goodwill has been allocated, the carrying amount of that CGU, adjusted by the theoretical amount of the goodwill attributable to the <FONT STYLE="white-space:nowrap">non-controlling</FONT> interest,
shall be compared to its recoverable amount. The resulting difference shall be apportioned by reducing, firstly, the carrying amount of the goodwill allocated to that unit and, secondly, if there are still impairment losses remaining to be
recognized, the carrying amount of the rest of the assets. This shall be done by allocating the remaining difference in proportion to the carrying amount of each of the assets in the CGU. In any case, impairment losses on goodwill can never be
reversed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">See Notes 2.2.7 and 2.2.8 to the Consolidated Financial Statements, which contains a summary of our significant accounting
policies related to goodwill. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The results from each of these tests on the dates mentioned were as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, 2015 and 2014, no indicators of impairment had been identified in any of the main CGUs. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Group&#146;s most significant goodwill corresponds to the CGU in the United States. The calculation of the impairment loss used the cash
flow projections estimated by the Group&#146;s management, based on the latest budgets available for the next five years. As of December&nbsp;31, 2016, the Group used a sustainable growth rate of 4.0% (the same rate was considered as of
December&nbsp;31, 2015 and 2014) to extrapolate the cash flows in perpetuity starting on the fifth year (2020), based on the real GDP growth rate of the United States and the income recurrence. The rate used to discount the cash flows is the cost of
capital assigned to the CGU, 10.0% as of December&nbsp;31, 2016 (9.8% and 10.0% as of December&nbsp;31, 2015 and 2014, respectively), which consists of the free risk rate plus a risk premium. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016 if the discount rate had increased or decreased by 50 basis points, the recoverable amount would have decreased
or increased by &#128;1,106&nbsp;million and &#128;1,309&nbsp;million respectively (&#128;1,117&nbsp;million and &#128;1,329&nbsp;million respectively as of December&nbsp;31, 2015). If the growth rate had increased or decreased by 50 basis points,
the recoverable amount would have increased or decreased by &#128;521&nbsp;million and &#128;441&nbsp;million respectively (&#128;803&nbsp;million and &#128;675&nbsp;million respectively as of December&nbsp;31, 2015). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016 the recoverable amount of our main CGUs was substantially in excess of their carrying value and, as such, was not
at risk of impairment. </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:Times New Roman" ALIGN="center">93 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I></I><B><I>Insurance contracts</I></B><I> </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The methods and techniques used to calculate the mathematical reserves for insurance contracts mainly involve the valuation of the estimated
future cash flows, discounted at the technical interest rate for each contract. Changes in insurance mathematical reserves may occur in the future as a consequence of changes in interest rates and other key assumptions. See Notes 2.2.9 and 23 to the
Consolidated Financial Statements, which contains a summary of our significant accounting policies and assumptions about our most significant insurance contracts. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I></I><B><I>Post-employment benefits and other long term commitments to employees</I></B><I> </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pension and post-retirement benefit costs and credits are based on actuarial calculations. Inherent in these calculations are assumptions
including discount rates, rate of salary increase and expected return on plan assets. Changes in pension and post-retirement costs may occur in the future as a consequence of changes in interest rates, expected return on assets or other assumptions.
See Notes 2.2.12 and 25 to the Consolidated Financial Statements, which contains a summary of our significant accounting policies about pension and post-retirement benefit costs and credits. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I></I><B><I>Impairment losses on financial assets</I></B><I> </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As we describe in Note 2.2.1 to the Consolidated Financial Statements, a loan is considered to be an impaired loan and, therefore, its carrying
amount is adjusted to reflect the effect of its impairment when there is objective evidence that events have occurred which give rise to a negative impact on the future cash flows that were estimated at the time the transaction was arranged. The
potential impairment of these assets is determined individually or collectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Impairment losses on financial assets collectively
evaluated for impairment are calculated by using statistical procedures, and they are deemed equivalent to the portion of losses incurred on the date that the consolidated financial statements are prepared that has yet to be allocated to specific
assets. The BBVA Group also estimates losses through statistical processes that apply historical data and other specific parameters that, although having been generated as of closing date for these consolidated financial statements, have arisen on
an individual basis following the reporting date (&#147;<B>incurred but not reported losses</B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The incurred loss is calculated
taking into account three key factors: exposure at default, probability of default and loss given default. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Exposure at default (EAD) is the amount of risk exposure at the date of default by the counterparty. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Probability of default (PD) is the probability of the counterparty failing to meet its principal and/or interest payment obligations. The PD is associated with the rating/scoring of each counterparty/transaction. In
addition, the PD calculation includes the loss identification period (&#145;LIP&#146;) parameter, which is the period between the time at which the event that generates a given loss occurs and the time when the loss is identified at an individual
level. The analysis of the LIPs is carried out on the basis of uniform risk portfolios. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Loss given default (LGD) is the estimate of the loss arising in the event of default. It depends mainly on the characteristics of the counterparty, and the valuation of the guarantees or collateral associated with the
asset. In order to calculate the LGD at each balance sheet date, the Group evaluates the whole amount expected to be obtained over the remaining life of the financial asset. The recoverable amount from executable secured collateral is estimated
based on the property valuation, discounting the necessary adjustments to adequately account for the potential fall in value until its execution and sale, as well as execution costs, maintenance costs and sale costs. When a property right is
contractually acquired at the end of the foreclosure process or when the assets of distressed borrowers are purchased, the asset is recognized in the financial statements (see Note 2.2.4 to the Consolidated Financial Statements). </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:Times New Roman" ALIGN="center">94 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the years ended December&nbsp;31, 2016, 2015 and 2014, there was no material difference in
the amount of incurred losses on loans and advances calculated in accordance with <FONT STYLE="white-space:nowrap">EU-IFRS</FONT> required to be applied under the Bank of Spain&#146;s Circular 4/2004 and IFRS-IASB. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The estimates of the portfolio&#146;s inherent risks and overall recovery vary with changes in the economy, individual industries, countries
and individual borrowers&#146; or counterparties&#146; ability and willingness to repay their obligations. The degree to which any particular assumption affects the allowance for credit losses depends on the severity of the change and its
relationship to the other assumptions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Key judgments used in determining the allowance for loan losses include: (i)&nbsp;risk ratings for
pools of commercial loans and advances; (ii)&nbsp;market and collateral values and discount rates for individually evaluated loans; (iii)&nbsp;product type classifications for consumer and commercial loans and advances; (iv)&nbsp;loss rates used for
consumer and commercial loans and advances; (v)&nbsp;adjustments made to assess current events and conditions; (vi)&nbsp;considerations regarding domestic, global and individual countries economic uncertainty; and (vii)&nbsp;overall credit
conditions. </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:Times New Roman" ALIGN="center">95 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_22"></A>A. Operating Results </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Factors Affecting the Comparability of our Results of Operations and Financial Condition </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Trends in Exchange Rates </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are exposed to foreign exchange rate risk in that our reporting currency is the euro, whereas certain of our subsidiaries and investees keep
their accounts in other currencies, principally Mexican pesos, U.S. dollars, Turkish liras, Argentine pesos, Chilean pesos, Colombian pesos, Venezuelan bolivar and Peruvian new soles. For example, if Latin American currencies, the U.S. dollar or the
Turkish lira depreciate against the euro, when the results of operations of our subsidiaries in the countries using these currencies are included in our consolidated financial statements, the euro value of their results declines, even if, in local
currency terms, their results of operations and financial condition have remained the same. By contrast, the appreciation of Latin American currencies, the U.S. dollar or the Turkish lira against the euro would have a positive impact on the results
of operations of our subsidiaries in the countries using these currencies when their results of operations are included in our consolidated financial statements. Accordingly, changes in exchange rates may limit the ability of our results of
operations, stated in euro, to fully show the performance in local currency terms of our subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The assets and liabilities of our
subsidiaries which maintain their accounts in currencies other than the euro have been converted to the euro at the <FONT STYLE="white-space:nowrap">period-end</FONT> exchange rates for inclusion in our Consolidated Financial Statements. Income
statement items have been converted at the average exchange rates for the period. The following table sets forth the exchange rates of several Latin American currencies, the U.S. dollar and the Turkish lira against the euro, expressed in local
currency per &#128;1.00 as averages for 2016, 2015 and 2014 and as of December&nbsp;31, 2016, 2015 and 2014 according to the ECB. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year Ended<BR>December&nbsp;31,<BR>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year Ended<BR>December&nbsp;31,<BR>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year Ended<BR>December&nbsp;31,<BR>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As&nbsp;of&nbsp;December&nbsp;31,<BR>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As&nbsp;of&nbsp;December&nbsp;31,<BR>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As&nbsp;of&nbsp;December&nbsp;31,<BR>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mexican peso</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.6637</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.6109</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.6582</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.7718</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.9147</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.8680</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">U.S.dollar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.1069</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.1094</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.3283</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0541</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0887</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.2141</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Argentine peso</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.3348</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.2526</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.7680</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.5846</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.1267</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.3830</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Chilean peso</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">748.5030</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">725.6894</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">756.4297</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">703.2349</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">769.8229</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">736.9197</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Colombian peso</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,378.3784</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,048.7805</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,652.5199</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,164.5570</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,424.6575</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,906.9767</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Peruvian new sol</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.7333</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.5314</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.7672</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.5310</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.7092</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.6144</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Venezuelan bolivar (*)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,893.9394</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">469.4836</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.7785</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,893.9394</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">469.4836</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.5692</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Turkish lira</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.3427</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.0246</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.9064</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.7072</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.1765</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.8320</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(*)</TD>
<TD ALIGN="left" VALIGN="top">With respect to 2016 and 2015, an alternative exchange rate (see <I>&#147;Presentation of Financial Information&#151;Venezuela&#148;</I>) has been used as reference. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">During 2016, all of the above currencies depreciated against the euro in average terms, except for the U.S dollar. In particular, the
Venezuelan bolivar depreciated significantly (see <I>&#147;Presentation of Financial Information&#151;Venezuela&#148;).</I> With respect to <FONT STYLE="white-space:nowrap">period-end</FONT> exchange rates, there was a
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">period-on-period</FONT></FONT> appreciation against the euro of the U.S. dollar, Chilean peso, Colombian peso and Peruvian new sol, and a <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">period-on-period</FONT></FONT> depreciation of the rest of currencies against euro, which was particularly significant for the Venezuelan bolivar. The overall effect of changes in exchange rates was negative for the <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">period-on-period</FONT></FONT> comparison of the Group&#146;s income statement and was negative for the
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">period-on-period</FONT></FONT> comparison of the Group&#146;s balance sheet. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">During 2015, all of the above currencies appreciated against the euro in average terms, except for the Colombian peso, the Turkish lira and
the Venezuelan bolivar, which, in the case of the Venezuelan bolivar, depreciated significantly. With respect to <FONT STYLE="white-space:nowrap">period-end</FONT> exchange rates, there was a <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">period-on-period</FONT></FONT> depreciation of all of the above currencies against the euro, except for the U.S. dollar. The overall effect of changes in exchange rates was positive for the
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">period-on-period</FONT></FONT> comparison of the Group&#146;s income statement and was negative for the
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">period-on-period</FONT></FONT> comparison of the Group&#146;s balance sheet. </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:Times New Roman" ALIGN="center">96 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">When comparing two dates or periods in this Annual Report we have sometimes excluded the impact
of changes in exchange rates by assuming constant exchange rates. In particular, with respect to income statement amounts, we have used the average exchange rate for the later period for both periods and, with respect to balance sheet amounts, we
have used the closing exchange rate of such later period. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Consolidation of Garanti </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On November&nbsp;19, 2014, the Group signed agreements with Do&#287;u&#351; Holding A.&#350;., Ferit Faik &#350;ahenk, Dianne &#350;ahenk and
Defne &#350;ahenk to acquire 62,538,000,000 additional shares of Garanti in the aggregate (equivalent to 14.89% of the capital of Garanti). Upon the closing of this acquisition in July 2015, we held 39.90% of Garanti&#146;s share capital and started
to consolidate Garanti&#146;s results in our consolidated financial statements as we determined we were able to control such entity. On March&nbsp;22, 2017, we completed the acquisition of an additional 9.95% stake in Garanti. See <I>&#147;Item 4.
Information on the Company&#151;History and Development of the Company&#151;Capital expenditures&#151;2017.&#148;</I> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The acquisition
completed in 2015 resulted in certain changes in our operating segments. In particular, since January&nbsp;1, 2015, our former Eurasia segment has been recast into the following two segments: Turkey, which consists of our stake in Garanti (25.01%
until July&nbsp;27, 2015, 39.90% from July&nbsp;27, 2015 to March&nbsp;22, 2017 and 49.85% since March&nbsp;22, 2017), and Rest of Eurasia, which includes the retail and wholesale businesses carried out in Europe and Asia, other than in Spain and
Turkey. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In our Consolidated Financial Statements and throughout this Annual Report, the comparative financial information by operating
segment for 2014 has been retrospectively revised to reflect our current reporting structure. This revision did not affect the Group&#146;s consolidated income statement. See Note 3 to our Consolidated Financial Statements for additional
information. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Acquisition of Catalunya Banc </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On April&nbsp;24, 2015, once the necessary authorizations had been obtained and all the agreed conditions precedent had been fulfilled, BBVA
announced the acquisition of 1,947,166,809 shares of Catalunya Banc, S.A. (approximately 98.4% of its share capital) for a price of approximately &#128;1,165&nbsp;million. Previously, on July&nbsp;21, 2014, the Management Commission of the FROB had
accepted BBVA&#146;s bid in the competitive auction for the acquisition of Catalunya Banc. Such acquisition had an impact on the results of operations of the Banking Activity in Spain segment during 2015, affecting the comparability of the segment
in 2015 with prior periods. As of December&nbsp;31, 2016, Catalunya Banc had been fully merged into BBVA. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Operating Environment
</I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our results of operations are dependent, to a large extent, on the level of demand for our products and services (primarily loans and
deposits but also intermediation of financial products such as sovereign or corporate debt) in the countries in which we operate. Demand for our products and services in those countries is affected by the overall performance of their respective
economies regarding activity, employment, inflation and, particularly, interest rates. The demand for loans and saving products correlates positively with income, which correlates in turn with the Gross Domestic Product (GDP), the employment and
corporate profits evolution. Regarding interest rates, they have a direct impact on banking results as the banking activity mainly relies on the generation of positive interest margins by paying lower interest than the interest received on
investments. However, it should be noted that higher interest rates, everything equal, also reduce the demand for banking loans and increase the cost of funding of the banking business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In spite of recent improvement, the world growth remains anchored at historical low levels, c. 3% in 2016 according to BBVA Research
estimates, well below the 2015 estimation (3.5%) and its long-term average around 3.5%. This deceleration path is similar for the advanced economies GDP at the same time that emerging markets GDP growth keeps a 4% rate. World GDP growth perspectives
are around 3.2% in 2017 according to BBVA Research forecasts. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Regarding the evolution of key economic areas for the Group, after growing
by 3.2% in 2016, the Spanish economy continued to expand at an annualized rate slightly higher than 3.0% in the first quarter of 2017. According to BBVA Research&#146;s current estimates, growth is expected to slow down towards an average of 2.7% in
2017. Some of the tailwinds of the Spanish economy, which had an expansionary effect on growth, are losing momentum: the fall of oil prices </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:Times New Roman" ALIGN="center">97 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
has stopped, the euro exchange rate depreciation has finished, price-competitiveness does not improve and interest rates do not register further decreases and the fiscal policy stance is less
growth supportive than in the past. However, improvements in the credit market and the structural economic reforms implemented in Spain, including that of the labor market, are expected to remain anchors for economic growth in Spain. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Mexican GDP grew by 2.0% in 2016 under a slowing rhythm that will likely intensify at least in the first part of 2017. The <FONT
STYLE="white-space:nowrap">cooling-off</FONT> of GDP in 2016 stemmed from the downward trend in some demand components of aggregate demand, both domestic and foreign, and especially in public investment and exports. Fiscal policy tightening and
diminished demand from the United States were the main factors behind this evolution, BBVA Research forecasts GDP to grow around 1% in 2017. However Mexico&#146;s outlook is plagued with uncertainty which mainly stems from the new U.S.
administration&#146;s economic policy, especially as regards trade and migration issues. Against this backdrop, sound fiscal policy and monetary policy oriented to price&#146;s stability would be crucial for limiting the impact of uncertainties
around the Mexican economy. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As regards Turkey, the preparation of Turkish&#146;s National Accounts in accordance with the ESA 2010
methodology resulted in higher GDP levels for prior years. The annual GDP growth in the period <FONT STYLE="white-space:nowrap">2011-15</FONT> was 7.1% on average compared to 4.4% according to previous estimation. 2016 annual GDP growth is estimated
to have decreased to 2.3% weighted by the tightening of foreign funding conditions, the end of the fall in oil prices, and the uncertainty stemming from a challenging geopolitical and political background. However, GDP evolution is expected to
benefit from a monetary policy which is focused on price stability and the possible implementation of a fiscal policy that supports demand. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">South America GDP growth (based on the weighted average of Argentina, Brazil, Chile, Colombia, Mexico, Paraguay, Peru, Mexico, Uruguay and
Venezuela, according to their GDP size) was negative in 2016 <FONT STYLE="white-space:nowrap">(-1.4%</FONT> according to BBVA Research estimates) due to the combined effect of lower commodity prices, lower demand from China, tougher global financial
conditions and domestic problems in some economies such as Brazil and Argentina. While growth prospects for 2017 are supported by higher commodity prices, monetary easing and infrastructure investment in some cases, the outlook for this region is
adversely affected by uncertainties regarding the impact of U.S. policy actions, the outcome of local elections and delays in planned investment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The U.S. economy slowed down in 2016. GDP grew by 1.6% (2.6% in 2015) and continued to progress at dual speed, with strong consumption but
moderate investment. Private consumption is expected to continue to increase at a similar pace, supported by employment growth, credit availability and more limited inflationary pressures, despite the important role that deleveraging is expected to
play. With respect to investment, lower company earnings and the adjustment in the energy and mining sector are expected to continue to weigh on corporate decisions. Additionally, the limited increase of the Federal Reserve&#146;s reference interest
rates that started in December 2015 and continued in 2016 and 2017 is coherent with the subdued inflationary pressures. This gives room for maneuver to absorb the impact on the economy of higher real interest rates<B>.</B> All in all, we believe the
U.S. economic outlook for 2017 and beyond rests on two key factors: whether the new administration&#146;s ambitious <FONT STYLE="white-space:nowrap">pro-business</FONT> agenda aimed at boosting investment and employment spurs consumption and
investment and whether the administration can uphold the institutions that have given the U.S. economy a comparative advantage. </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:Times New Roman" ALIGN="center">98 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>BBVA Group Results of Operations for 2016 Compared with 2015 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The table below shows the Group&#146;s consolidated income statements for 2016 and 2015: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="75%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In&nbsp;Millions&nbsp;of&nbsp;Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Interest and similar income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,708</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,783</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Interest and similar expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10,648</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8,761</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>17,059</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>16,022</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6.5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Dividend income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">467</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">415</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Share of profit or loss of entities accounted for using the equity method</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">174</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(85.6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Fee and commission income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,804</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,340</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Fee and commission expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,086</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,729</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net gains (losses) on financial assets and liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,661</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">865</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">92.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Exchange differences (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">472</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,165</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(59.5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,272</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,315</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3.3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,128</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,285</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6.9</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Income on insurance and reinsurance contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,652</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,678</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.7</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Expenses on insurance and reinsurance contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,545</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,599</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2.1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Gross income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>24,653</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>23,362</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5.5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Administration costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11,366</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10,836</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Personnel expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,722</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,273</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other administrative expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,644</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,563</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,426</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,272</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net margin before provisions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11,861</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11,254</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5.4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Provisions or (-) reversal of provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,186</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(731</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on financial assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,801</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,272</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11.0</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on other assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(521</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(273</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">90.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Gains (losses) on derecognition of <FONT STYLE="white-space:nowrap">non-financial</FONT> assets
and subsidiaries, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,135</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Negative goodwill recognized in profit or loss</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(100.0</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">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</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(31</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">734</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Operating profit before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,392</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,603</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>38.9</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,699</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,274</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit from continuing operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,693</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,328</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>41.0</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from discontinued operations (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,693</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,328</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>41.0</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to parent company</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,475</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,642</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,218</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">686</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Not meaningful. </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:Times New Roman" ALIGN="center">99 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The changes in our consolidated income statements for 2016 and 2015 were as follows: </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Net interest income </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table summarizes the principal components of net interest income for 2016 compared with 2015. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In&nbsp;Millions&nbsp;of&nbsp;Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Interest and similar income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,708</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,783</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Interest and similar expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10,648</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8,761</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>17,059</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>16,022</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6.5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net interest income for the year ended December&nbsp;31, 2016 amounted to &#128;17,059&nbsp;million, a 6.5%
increase compared with the &#128;16,022&nbsp;million recorded for the year ended December&nbsp;31, 2015 mainly as a result of the following changes: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in Turkey, net interest income increased as a result of the change in the consolidation method of Garanti in July 2015 and, to a lesser extent, increases in volumes and yields on loans and decreased cost of deposits,
partially offset by a decline in the value of the Turkish lira; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in the United States, net interest income increased mainly as a result of the impact of the appreciation of the U.S. dollar and, to a lesser extent, the impact of the growth in loans and advances to customers, as well
as improving pricing of such loans and advances driven by higher yields in new loan production and the lower costs of deposits; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in the Banking Activity in Spain, net interest income decreased compared to the previous year, mainly as a result of a decrease in loan volumes in an environment of low interest rates; </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">and was partially offset by the following changes: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in Mexico, net interest income decreased mainly as a result of the impact of the depreciation of the Mexican peso, which more than offset the higher volumes in lending and fund gathering; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in South America, net interest income decreased mainly as a result of the depreciation of the currencies of the region, particularly the Venezuelan bolivar and Argentine peso, which more than offset the increase in fees
related to bills, receivables, checks and credit cards, particularly in Colombia and Argentina. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Dividend income
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Dividend income for the year ended December&nbsp;31, 2016 amounted to &#128;467&nbsp;million, a 12.5% increase compared with the
&#128;415&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly as a result of an increase in the collection of dividends from our investments in Telef&oacute;nica S.A. and CNCB. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Share of profit or loss of entities accounted for using the equity method </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Share of profit or loss of entities accounted for using the equity method for the year ended December&nbsp;31, 2016 amounted to
&#128;25&nbsp;million, an 85.6% decrease compared with the &#128;174&nbsp;million recorded for the year ended December&nbsp;31, 2015. This decrease was mainly attributable to the fact that in 2015 the results of operations of Garanti were accounted
for using the equity method for six months (through June&nbsp;30, 2015), whereas we consolidated Garanti&#146;s results throughout 2016 using the full integration method. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Fee and commission income </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The breakdown of fee and commission income for 2016 and 2015 is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Bills receivables</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">94</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(44.5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Current accounts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">469</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">405</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Credit and debit cards</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,679</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,336</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Checks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">207</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">239</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13.2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Transfers and others payment orders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">578</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">474</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Insurance product commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">178</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">171</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Commitment fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">237</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">172</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Contingent risks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">406</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">360</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Asset Management</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">839</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">686</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Securities fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">335</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">283</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Custody securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">122</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">314</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(61.1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">701</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">807</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13.1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Fee and commission income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,804</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,340</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>7.3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></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:Times New Roman" ALIGN="center">100 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Fee and commission income increased by 7.3% to &#128;6,804&nbsp;million for the year ended
December&nbsp;31, 2016 from &#128;6,340&nbsp;million for the year ended December&nbsp;31, 2015 mainly as a result of the change in the consolidation method of Garanti and, to a lesser extent, increased collection and payment services income,
particularly transfers, fees and commissions from credit cards in Mexico and South America. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Fee and commission expenses
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The breakdown of fee and commission expenses for 2016 and 2015 is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Credit and debit cards</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,334</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,113</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Transfers and others payment orders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">102</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">92</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Commissions for selling insurance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8.7</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other fees and commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">587</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">454</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Fee and commission expenses</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,086</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,729</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>20.6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Fee and commission expenses increased by 20.6% to &#128;2,086&nbsp;million for the year ended
December&nbsp;31, 2016 from &#128;1,729&nbsp;million for the year ended December&nbsp;31, 2015 mainly as a result of the change in the consolidation method of Garanti, the contribution of Catalunya Banc and, to a lesser extent, due to higher
expenses assigned to insurance and credit and debit card commissions. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net gains (losses) on financial assets and liabilities
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net gains on financial assets and liabilities increased by 92.0% to &#128;1,661&nbsp;million for the year ended December&nbsp;31,
2016 from &#128;865&nbsp;million for the year ended December&nbsp;31, 2015, mainly as a result of higher ALCO (Assets and Liabilities Committee) portfolio sales in Spain. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The table below provides a breakdown of net gains (losses) on financial assets and liabilities for the years ended December&nbsp;31, 2016 and
2015. Beginning January&nbsp;1, 2016, we have modified the <FONT STYLE="white-space:nowrap">sub-captions</FONT> included in net gain (losses) on financial assets and liabilities. As a result, the breakdown shown below is not directly comparable with
the <FONT STYLE="white-space:nowrap">sub-captions</FONT> included in the 2015 Form <FONT STYLE="white-space:nowrap">20-F</FONT> under net gains (losses) on financial assets and liabilities: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="75%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Gains or losses on derecognition of financial assets and liabilities not measured at fair value
through profit or loss, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,375</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,055</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Available-for-sale</FONT></FONT>
financial assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,271</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">980</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans and receivables</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">76</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Gains or losses on financial assets and liabilities held for trading, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">248</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(409</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Gains or losses on financial assets and liabilities designated at fair value through profit or
loss, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">114</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">126</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9.2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net gains (losses) on financial assets and liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(76</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">93</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP><B><SUP STYLE="font-size:85%; vertical-align:top"></SUP></B>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.<SUP STYLE="font-size:85%; vertical-align:top"></SUP><B><SUP STYLE="font-size:85%; vertical-align:top"></SUP></B></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1</SUP><B><SUP STYLE="font-size:85%; vertical-align:top">)</SUP></B>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net gains (losses) on financial assets and liabilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,661</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>865</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>92.0</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Not meaningful. </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:Times New Roman" ALIGN="center">101 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Exchange differences (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Exchanges differences (net) decreased from &#128;1,165&nbsp;million for the year ended December&nbsp;31, 2015 to &#128;472&nbsp;million for the
year ended December&nbsp;31, 2016, due primarily to the evolution of foreign currencies and exchange rate management, including hedging arrangements. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Other operating income and expenses </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other operating income amounted to &#128;1,272&nbsp;million for the year ended December&nbsp;31, 2016, a 3.3% decrease compared with
&#128;1,315&nbsp;million for the year ended December&nbsp;31, 2015, mainly due to the lower income from <FONT STYLE="white-space:nowrap">non-financial</FONT> services, partially offset by higher dividends collected from CNCB. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other operating expenses for the year ended December&nbsp;31, 2016, amounted to &#128;2,128&nbsp;million, a 6.9% decrease compared with the
&#128;2,285&nbsp;million recorded for the year ended December&nbsp;31, 2015 due primarily to lower expenses from real estate companies.</P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Income and expenses on insurance and reinsurance contracts </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Income on insurance and reinsurance for the year ended December&nbsp;31, 2016 was &#128;3,652&nbsp;million, a 0.7% decrease compared with
&#128;3,678&nbsp;million gain recorded for the year ended December&nbsp;31, 2015. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Expenses on insurance and reinsurance contracts for the
year ended December&nbsp;31, 2016 were &#128;2,545&nbsp;million, a 2.1% decrease compared with the &#128;2,599&nbsp;million gain recorded for year ended December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Administration costs </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Administration costs for the year ended December&nbsp;31, 2016 amounted to &#128;11,366&nbsp;million, a 4.9% increase<U> </U>compared with the
&#128;10,836&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly due to the change in the consolidation method of Garanti and the higher contribution of Catalunya Banc, partially offset by the effect of the depreciation of the
currencies in Mexico and South America. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The table below provides a breakdown of personnel expenses for the years ended December&nbsp;31,
2016 and 2015. Beginning January&nbsp;1, 2016, we have modified the <FONT STYLE="white-space:nowrap">sub-captions</FONT> included in administration costs.&nbsp;As a result, the breakdown shown below is not directly comparable with the <FONT
STYLE="white-space:nowrap">sub-captions</FONT> included in the 2015 Form <FONT STYLE="white-space:nowrap">20-F</FONT> under administration costs. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In&nbsp;Millions&nbsp;of&nbsp;Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Wages and salaries</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,267</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,868</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Social security costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">784</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">733</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Defined contribution plan expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Defined benefit plan expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">67</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other personnel expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">516</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">531</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2.8</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Personnel expenses</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,722</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,273</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>7.2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></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:Times New Roman" ALIGN="center">102 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Wages and salary expenses increased 7.2% from &#128;6,273&nbsp;million for the year ended
December&nbsp;31, 2015 to &#128;6,722&nbsp;million for year ended December&nbsp;31, 2016, mainly as a result of the change in the consolidation method of Garanti. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The table below provides a breakdown of other administrative expenses for 2016 and 2015: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In&nbsp;Millions&nbsp;of&nbsp;Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Technology and systems</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">673</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">625</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Communications</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">294</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">281</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Advertising</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">398</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">387</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Property, fixtures and materials</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,080</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,030</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><I>Of which:</I></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Rent expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">616</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">591</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Taxes other than income tax</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">433</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">466</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7.1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,766</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,775</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Other administrative expenses</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,644</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,563</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1.8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Technology and systems expenses increased 7.7% from &#128;625&nbsp;million for the year ended
December&nbsp;31, 2015 to &#128;673&nbsp;million for the year ended December&nbsp;31, 2016, mainly due to the change in the consolidation method of Garanti and higher spending on technology. Property, fixtures and materials expenses increased from
&#128;1,030&nbsp;million for the year ended December&nbsp;31, 2015 to &#128;1,080&nbsp;million mainly as a result of the change in the consolidation method of Garanti and the higher contribution of Catalunya Banc. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Depreciation </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Depreciation for the year ended December&nbsp;31, 2016 was &#128;1,426&nbsp;million, an 12.1% increase compared with the
&#128;1,272&nbsp;million recorded for the year ended December&nbsp;31, 2015 mainly as a result of the change in the consolidation method of Garanti, the acquisition of Catalunya Banc and, to a lesser extent, the amortization of software and hardware
particularly in the United States affected by the mild appreciation of the U.S. dollar. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Provisions or (-) reversal of provisions
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Provisions for the year ended December&nbsp;31, 2016 totaled &#128;1,186&nbsp;million, a 62.2% increase compared with the
&#128;731&nbsp;million recorded for the year ended December&nbsp;31, 2015 mostly as a result of higher provisions related to the invalidity of clauses limiting of interest rates in certain mortgage loans with customers (the <FONT
STYLE="white-space:nowrap">so-called</FONT> &#147;cl&aacute;usulas suelo&#148;) of &#128;577&nbsp;million (&#128;404&nbsp;million after tax). </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Impairment losses on financial assets (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Impairment losses on financial assets (net) for the year ended December&nbsp;31, 2016 was a loss of &#128;3,801&nbsp;million, a 11.0% decrease
compared with the &#128;4,272&nbsp;million loss recorded for the year ended December&nbsp;31, 2015 mainly due to decreased impaired assets as a result of lower additions to <FONT STYLE="white-space:nowrap">non-performing</FONT> assets in Spain,
higher recovery of <FONT STYLE="white-space:nowrap">written-off</FONT> assets of the Real Estate Activity in Spain segment and the impact of the depreciation of the majority of our operating currencies against the euro. These effects were partially
offset by the change in the consolidation method of Garanti. The Group&#146;s <FONT STYLE="white-space:nowrap">non-performing</FONT> asset ratio was 4.9% as of December&nbsp;31, 2016, compared with 5.4% as of December&nbsp;31, 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:Times New Roman" ALIGN="center">103 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Impairment losses on other assets (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Impairment losses on other assets (net) for the year ended December&nbsp;31, 2016 amounted to &#128;521&nbsp;million, a 90.8% increase compared
with the &#128;273&nbsp;million recorded for the year ended December&nbsp;31, 2015, due to impairments losses on real estate investment properties in Spain. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Gains (losses) on derecognition of <FONT STYLE="white-space:nowrap">non-financial</FONT> assets and subsidiaries, net </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Gains (losses) on derecognition of <FONT STYLE="white-space:nowrap">non-financial</FONT> assets and subsidiaries, net for the year ended
December&nbsp;31, 2016 amounted to a gain of &#128;70&nbsp;million, compared with a loss of &#128;2,135&nbsp;million recognized for the year ended December&nbsp;31, 2015. The loss recorded for the year ended December&nbsp;31, 2015 was mainly the
result of the fair value measurement of the stake we already held in Garanti at the time we acquired our additional 14.89% stake in Garanti, which we had to make as a result of the purchase of an additional stake in Garanti and the change in its
consolidation method. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Negative goodwill recognized in profit or loss </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There was no negative goodwill recognized in profit or loss for the year ended December&nbsp;31, 2016. There was &#128;26&nbsp;million negative
goodwill recognized in profit or loss for the year ended December&nbsp;31, 2015 as a result of the acquisition of Catalunya Banc. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>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 </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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 for the year ended December&nbsp;31, 2016, amounted to a loss of &#128;31&nbsp;million, compared with a gain of &#128;734&nbsp;million for the year ended
December&nbsp;31, 2015. The gain in 2015 related mainly to capital gains from the sale of the 6.34% stake in CNCB. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Operating profit
before tax </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, operating profit before tax for the year ended December&nbsp;31, 2016 was
&#128;6,392&nbsp;million, a 38.9% increase from the &#128;4,603&nbsp;million recorded for the year ended December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Tax expense or (-) income related to profit or loss from continuing operations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations for the year ended December&nbsp;31, 2016 was an expense of
&#128;1,699&nbsp;million, compared with a &#128;1,274&nbsp;million expense recorded for the year ended December&nbsp;31, 2015, as a result of higher operating profit before tax and a lower proportion of income with low or zero tax rates (primarily
dividends and equity-accounted earnings). </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit from continuing operations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, profit from continuing operations for the year ended December&nbsp;31, 2016 was &#128;4,693&nbsp;million, a 41.0%
increase from the &#128;3,328&nbsp;million recorded for the year ended December&nbsp;31, 2015. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit from discontinued operations
(net) </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There was no profit from discontinued operations for the year ended December&nbsp;31, 2016, nor for the year ended
December&nbsp;31, 2015. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, profit for the year ended December&nbsp;31, 2016 was &#128;4,693&nbsp;million, a 41.0% increase from the
&#128;3,328&nbsp;million recorded for the year ended December&nbsp;31, 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:Times New Roman" ALIGN="center">104 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit attributable to parent company </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Profit attributable to parent company for the year ended December&nbsp;31, 2016 was &#128;3,475&nbsp;million, a 31.5% increase from the
&#128;2,642&nbsp;million recorded for the year ended December&nbsp;31, 2015. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit attributable to
<FONT STYLE="white-space:nowrap">non-controlling</FONT> interests </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Profit attributable to
<FONT STYLE="white-space:nowrap">non-controlling</FONT> interests for the year ended December&nbsp;31, 2016 was &#128;1,218&nbsp;million, a 77.6% increase compared with &#128;686&nbsp;million for the year ended December&nbsp;31, 2015, mainly as a
result of the change in the consolidation method of Garanti and stronger performance of our Peruvian and Argentinian operations where there are minority shareholders, partially offset by the depreciation of the Venezuelan bolivar. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>BBVA Group Results of Operations for 2015 Compared with 2014 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The table below shows the Group&#146;s consolidated income statements for 2015 and 2014: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In&nbsp;Millions&nbsp;of&nbsp;Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Interest and similar income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,783</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,838</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Interest expense and similar charges</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8,761</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8,456</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>16,022</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>14,382</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11.4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Dividend income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">415</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">531</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(21.8</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Share of profit or loss of entities accounted for using the equity method</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">174</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">343</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(49.3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Fee and commission income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,340</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,530</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Fee and commission expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,729</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,356</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net gains (losses) on financial assets and liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">865</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,435</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(39.7</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Exchange differences (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,165</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">699</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">66.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,315</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">959</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,285</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,705</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(15.5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Income on insurance and reinsurance contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,678</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,622</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Expenses on insurance and reinsurance contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,599</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,714</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4.2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Gross income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>23,362</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>20,725</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>12.7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Administration costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10,836</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9,414</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Personnel expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,273</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,410</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other administrative expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,563</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,004</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,272</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,145</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net margin before provisions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11,254</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10,166</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10.7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Provisions or (-) reversal of provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(731</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,142</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(36.0</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on financial assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,272</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,340</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1.6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on other assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(273</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(297</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8.1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Gains (losses) on derecognition of <FONT STYLE="white-space:nowrap">non-financial</FONT> assets
and subsidiaries, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,135</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Negative goodwill recognized in profit or loss</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">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</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">734</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(453</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Operating profit before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,603</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,980</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>15.7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,274</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(898</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit from continuing operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,328</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,082</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8.0</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from discontinued operations (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,328</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,082</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8.0</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to parent company</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,642</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,618</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">686</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">464</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Not meaningful. </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:Times New Roman" ALIGN="center">105 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The changes in our consolidated income statements for 2015 and 2014 were as follows: </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net interest income </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table summarizes the principal components of net interest income for 2015 compared with 2014. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In&nbsp;Millions&nbsp;of&nbsp;Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Interest and similar income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,783</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,838</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Interest expense and similar charges</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8,761</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8,456</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>16,022</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>14,382</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11.4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net interest income for the year ended December&nbsp;31, 2015 amounted to &#128;16,022&nbsp;million, an 11.4%
increase compared with the &#128;14,382&nbsp;million recorded for the year ended December&nbsp;31, 2014 mainly as a result of the following changes: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in the Banking Activity in Spain, due to the impact of the acquisition of Catalunya Banc and, to a lesser extent, increased loans and advances to customers; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in Turkey, as a result of the change in the consolidation method of Garanti in July 2015 and, to a lesser extent, due to increased volumes of loans resulting from new loan production in most portfolios especially
mortgage loans, energy sector and service sector, partially offset by a negative exchange rate effect of the Turkish Liras; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in Mexico, because of Mexican economic growth there has been increased activity, especially in loans and advances to customers; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in the United States, mainly as a result of the impact of the appreciation of the U.S. dollar, and to a lesser extent, the impact of the growth in loans and advances to customers, partially offset by a negative price
effect as a result of the narrow spreads. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">All these effects were partially offset by the decrease in the net interest
income in South America, mainly due to the negative impact of the depreciation of the Venezuelan bolivar and, to a lesser extent, the Colombian peso. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Dividend income </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Dividend income for the year ended December&nbsp;31, 2015 amounted to &#128;415&nbsp;million, a 21.8% decrease compared with the
&#128;531&nbsp;million recorded for the year ended December&nbsp;31, 2014, mainly as a result of the absence of dividends received from CNCB during 2015 whereas in 2014 CNCB dividends amounted to &#128;139&nbsp;million. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Share of profit or loss of entities accounted for using the equity method </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Share of profit or loss of entities accounted for using the equity method for the year ended December&nbsp;31, 2015 amounted to
&#128;174&nbsp;million, a 49.3% decrease compared with the &#128;343&nbsp;million recorded for the year ended December&nbsp;31, 2014. This decrease was mainly attributable to the fact that in 2015 the results of operations of Garanti were accounted
for using the equity method for six months (through June&nbsp;30, 2015), whereas they were accounted under such method for all of 2014. As explained in further detail in &#147;Presentation of Financial Information&#151;Retrospective
Revisions&#151;Changes in Operating Segments&#148;, following the acquisition of an additional 14.89% stake in Garanti in July 2015, we fully consolidate Garanti&#146;s results in our consolidated financial statements as we determined we were able
to control such entity. </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:Times New Roman" ALIGN="center">106 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Fee and commission income </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The breakdown of fee and commission income for 2015 and 2014 is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="75%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Bills receivables</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">94</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Current accounts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">405</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">321</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Credit and debit cards</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,336</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,061</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Checks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">239</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">219</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Transfers and others payment orders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">474</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">329</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Insurance product commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">171</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">79</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">115.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Commitment fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">172</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">184</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6.3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Contingent risks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">360</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">297</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Asset Management</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">686</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">594</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Securities fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">283</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">274</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Custody securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">314</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">308</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">807</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">787</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Fee and commission income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,340</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,530</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>14.6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Fee and commission income increased by 14.6% to &#128;6,340&nbsp;million for the year ended December&nbsp;31,
2015 from &#128;5,530&nbsp;million for the year ended December&nbsp;31, 2014 mainly as a result of the change in the consolidation method of Garanti, the acquisition of Catalunya Banc and, to a lesser extent, due to higher revenues from credit and
debit cards and from transfers and other payment orders in Mexico and the positive impact of the appreciation of the U.S. dollar. These effects were partially offset by the impact of the depreciation of the Venezuelan bolivar and, to a lesser
extent, the Colombian peso and the Turkish lira. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Fee and commission expenses </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The breakdown of fee and commission expenses for 2015 and 2014 is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Credit and debit cards</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,113</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">881</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Transfers and others payment orders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">92</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Commissions for selling insurance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other fees and commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">454</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">360</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Fee and commission expenses</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,729</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,356</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>27.5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Fee and commission expenses increased by 27.5% to &#128;1,729&nbsp;million for the year ended
December&nbsp;31, 2015 from &#128;1,356&nbsp;million for the year ended December&nbsp;31, 2014 mainly as a result of the change in the consolidation method of Garanti, the acquisition of Catalunya Banc and, to a lesser extent, due to higher expenses
assigned to credit and debit cards in Mexico and the impact of the appreciation of the U.S. dollar. These effects were partially offset by the impact of the depreciation of the Venezuelan bolivar and, to a lesser extent, the Colombian peso and the
Turkish lira. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net gains (losses) on financial assets and liabilities and exchange differences&nbsp;(net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net gains on financial assets and liabilities and exchange differences (net) decreased by 39.7% to &#128;865&nbsp;million for the year ended
December&nbsp;31, 2015 from &#128;1,435&nbsp;million for the year ended December&nbsp;31, 2014. During 2015 we generated losses on financial assets held for trading mainly due to derivative transactions of Garanti, and to a lesser extent, losses
generated in the South America operating segment, affected by volatility in the wholesale financial markets. Additionally, gains on <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">available-for-sale</FONT></FONT> financial assets
decreased by 30.0% to &#128;980&nbsp;million for the year end December&nbsp;31, 2015 from &#128;1,400&nbsp;million for the year ended December&nbsp;31, 2014, mainly as a result of a decrease in gains from debt securities and lower ALCO portfolio
sales in Spain. </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:Times New Roman" ALIGN="center">107 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The table below provides a breakdown of net gains (losses) on financial assets and liabilities
for 2015 and 2014: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Gains or losses on derecognition of financial assets and liabilities not measured at fair value
through profit or loss, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,055</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,439</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(26.6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Available-for-sale</FONT></FONT>
financial assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">980</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(30.0</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans and receivables</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">76</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">143.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Gains or losses on financial assets and liabilities held for trading, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(409</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Gains or losses on financial assets and liabilities designated at fair value through profit or
loss, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">126</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">286.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net gains (losses) on financial assets and liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">93</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(47</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net gains (losses) on financial assets and liabilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>865</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,435</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(39.7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Not meaningful. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Exchange differences (net) increased from &#128;699&nbsp;million for the year
ended December&nbsp;31, 2014 to &#128;1,165&nbsp;million for the year ended December&nbsp;31, 2015, due primarily to the evolution of foreign currencies and exchange rate management, including hedging arrangements. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Other operating income and expenses </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other operating income amounted to &#128;1,315&nbsp;million for the year ended December&nbsp;31, 2015 a 37.1% increase compared with
&#128;959&nbsp;million for the year ended December&nbsp;31, 2014, mainly due to higher capital gains from sales of real estate assets in Spain. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other operating expenses for the year ended December&nbsp;31, 2015, amounted to &#128;2,285&nbsp;million, a 15.5% decrease compared with the
&#128;2,705&nbsp;million recorded for the year ended December&nbsp;31, 2014 mainly as a result of the adjustment for hyperinflation in Venezuela and the impact of the depreciation of the Venezuelan bolivar. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Income and expenses on insurance and reinsurance contracts </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Income on insurance and reinsurance for the year ended December&nbsp;31, 2015 was &#128;3,678&nbsp;million, a 1.5% increase compared with
&#128;3,622&nbsp;million gain recorded for the year ended December&nbsp;31, 2014, mainly due to increased income on insurance and reinsurance contracts in Mexico and, to a lesser extent, in Argentina, Chile and Colombia. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Expenses on insurance and reinsurance contracts for the year ended December&nbsp;31, 2015 were &#128;2,599&nbsp;million, a 4.2% decrease
compared with the &#128;2,714&nbsp;million gain recorded for year ended December&nbsp;31, 2014. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Administration costs </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Administration costs for the year ended December&nbsp;31, 2015 amounted to &#128;10,836&nbsp;million, a 15.1% increase<U> </U>compared with the
&#128;9,414&nbsp;million recorded for the year ended December&nbsp;31, 2014 mainly as a result of the change in the consolidation method of Garanti, the acquisition of Catalunya Banc and, to a lesser extent, the impact of the appreciation of the
U.S. dollar. </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:Times New Roman" ALIGN="center">108 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The table below provides a breakdown of personnel expenses for 2015 and 2014. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In&nbsp;Millions&nbsp;of&nbsp;Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Wages and salaries</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,868</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,108</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Social security costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">733</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">683</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Transfers to internal pension provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Contributions to external pension funds</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1.7</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other personnel expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">531</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">498</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Personnel expenses</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,273</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,410</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>16.0</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The table below provides a breakdown of other administrative expenses for 2015 and 2014: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In&nbsp;Millions&nbsp;of&nbsp;Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Technology and systems</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">625</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">585</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Communications</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">281</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">271</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Advertising</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">387</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">333</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Property, fixtures and materials</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,030</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">916</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><I>Of which:</I></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Rent expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">591</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">461</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Taxes other than income tax</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">466</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">418</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,775</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,480</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Other administrative expenses</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,563</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,004</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>14.0</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Depreciation </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Depreciation for the year ended December&nbsp;31, 2015 was &#128;1,272&nbsp;million, an 11.1% increase compared with the
&#128;1,145&nbsp;million recorded for the year ended December&nbsp;31, 2014 mainly as a result of the change in the consolidation method of Garanti, the acquisition of Catalunya Banc and, to a lesser extent, the amortization of software and hardware
particularly in the United States affected by the appreciation of the U.S. dollar. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Provisions or (-) reversal of provisions
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Provisions for the year ended December&nbsp;31, 2015 totaled &#128;731&nbsp;million, a 36.0% decrease compared with the
&#128;1,142&nbsp;million recorded for the year ended December&nbsp;31, 2014 mainly as a result of lower provisions in the Real Estate Activity in Spain segment due to a decrease in foreclosed assets write-downs and lower foreclosed additions.
Additionally there was a decrease in the costs related to early retirements and contributions to pension funds, particularly in Spain and, to a lesser extent, in Argentina, and there were lower legal contingencies in Chile. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Impairment losses on financial assets (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Impairment losses on financial assets (net) for the year ended December&nbsp;31, 2015 was a loss of &#128;4,272&nbsp;million, a 1.6% decrease
compared with the &#128;4,340&nbsp;million loss recorded for the year ended December&nbsp;31, 2014 mainly due to decreased impaired assets as a result of lower additions to <FONT STYLE="white-space:nowrap">non-performing</FONT> assets in Spain,
higher recovery of <FONT STYLE="white-space:nowrap">written-off</FONT> assets of the Real Estate Activity in Spain segment and the impact of the depreciation of the Venezuelan bolivar and, to a lesser extent, the Colombian peso and the Turkish lira.
These effects were partially offset by the change in the consolidation method of Garanti and increased losses in Mexico (in line with the growth in the loan portfolio) and in the United States. The Group&#146;s
<FONT STYLE="white-space:nowrap">non-performing</FONT> asset ratio was 5.4% as of December&nbsp;31, 2015, compared with 5.8% as of December&nbsp;31, 2014. </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:Times New Roman" ALIGN="center">109 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Impairment losses on other assets (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Impairment losses on other assets (net) for the year ended December&nbsp;31, 2015 amounted to &#128;273&nbsp;million, an 8.1% decrease compared
with the &#128;297&nbsp;million recorded for the year ended December&nbsp;31, 2014, due to lower impairments losses on real estate investment properties in Spain. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Gains (losses) on derecognition of <FONT STYLE="white-space:nowrap">non-financial</FONT> assets and subsidiaries, net </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Gains (losses) on derecognition of <FONT STYLE="white-space:nowrap">non-financial</FONT> assets and subsidiaries, net for the year ended
December&nbsp;31, 2015 amounted to a loss of &#128;2,135&nbsp;million, compared with a gain of &#128;46&nbsp;million recognized for the year ended December&nbsp;31, 2014. This loss was mainly the result of the fair value measurement of the stake we
already held in Garanti at the time we acquired our additional 14.89% stake in Garanti, which we had to make as a result of the purchase of an additional stake in Garanti and the change in its consolidation method. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Negative goodwill recognized in profit or loss </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There was &#128;26&nbsp;million negative goodwill recognized in profit or loss for the year ended December&nbsp;31, 2015 as a result of the
acquisition of Catalunya Banc. There was no negative goodwill recognized in profit or loss for the year ended December&nbsp;31, 2014. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>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 </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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 for the year ended December&nbsp;31, 2015 amounted to a gain of &#128;734&nbsp;million, compared with a loss of &#128;453&nbsp;million for the year ended
December&nbsp;31, 2014. The gain in 2015 related mainly to capital gains from the sale of the 6.34% stake in CNCB. The loss in 2014 related mainly to the high provisions made in connection with foreclosed real estate assets in Spain. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Operating profit before tax </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, operating profit before tax for the year ended December&nbsp;31, 2015 was &#128;4,603&nbsp;million, a 15.7%
increase from the &#128;3,980&nbsp;million recorded for the year ended December&nbsp;31, 2014. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Tax expense or (-) income related to
profit or loss from continuing operations </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations for the
year ended December&nbsp;31, 2015 was an expense of &#128;1,274&nbsp;million, compared with a &#128;898&nbsp;million expense recorded for the year ended December&nbsp;31, 2014, as a result of higher profit and a lower proportion of income with low
or zero tax rates (primarily dividends and equity-accounted earnings). </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit from continuing operations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, profit from continuing operations for the year ended December&nbsp;31, 2015 was &#128;3,328&nbsp;million, an 8.0%
increase from the &#128;3,082&nbsp;million recorded for the year ended December&nbsp;31, 2014. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit from discontinued operations
(net) </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There was no profit from discontinued operations for the year ended December&nbsp;31, 2015, nor for the year ended
December&nbsp;31, 2014. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, profit for the year ended December&nbsp;31, 2015 was &#128;3,328&nbsp;million, an 8.0% increase from the
&#128;3,082&nbsp;million recorded for the year ended December&nbsp;31, 2014. </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:Times New Roman" ALIGN="center">110 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit attributable to parent company </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Profit attributable to parent company for the year ended December&nbsp;31, 2015 was &#128;2,642&nbsp;million, a 0.9% increase from the
&#128;2,618&nbsp;million recorded for the year ended December&nbsp;31, 2014. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit attributable to
<FONT STYLE="white-space:nowrap">non-controlling</FONT> interests </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Profit attributable to
<FONT STYLE="white-space:nowrap">non-controlling</FONT> interests for the year ended December&nbsp;31, 2015 was &#128;686&nbsp;million, a 47.8% increase compared with the &#128;464&nbsp;million registered for the year ended December&nbsp;31, 2014,
mainly as a result of the change in the consolidation method of Garanti and stronger performance of our Peruvian and Argentinian operations where there are minority shareholders, partially offset by the depreciation of the Venezuelan bolivar. </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:Times New Roman" ALIGN="center">111 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Results of Operations by Operating Segment </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The information contained in this section is presented under management criteria. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The tables set forth below reconcile the income statement of our operating segments presented in this section to the consolidated income
statement of the Group. The &#147;Adjustments&#148; column reflects the differences between the Group income statement and the income statement calculated in accordance with management operating segment reporting criteria, which are the following:
</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Some figures in 2014 differ from the ones presented in our 2014 Form <FONT STYLE="white-space:nowrap">20-F</FONT> due to the reclassification of several operating expenses related to technology from our Corporate Center
to our Banking Activity in Spain segment. See &#147;Presentation of Financial Information&#148;. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The treatment of Garanti: From July 2015 to March 2017, we held 39.90% of Garanti&#146;s share capital and we fully consolidated Garanti&#146;s results in our consolidated financial statements. Information for 2014 and,
with respect to 2015, information from January&nbsp;1 through June&nbsp;30 has been calculated and is presented under management criteria according to which the assets, liabilities and income statement of Garanti are included in every line item of
the balance sheet and the income statement based on our 25.01% interest in Garanti until July 2015. For purposes of the Group financial statements the participation in Garanti was accounted under &#147;Share of profit or loss of entities accounted
for using the equity method&#148; through June&nbsp;30, 2015. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The creation of a line in the income statement called &#147;Profit from corporate operations&#148; which is in place of &#147;Profit from discontinued operations&#148; in the Group financial statements and which
includes<B> </B>in 2015 the gains from the sale of our 6.34% participation in CNCB during 2015 and the impact of our acquisition of a 14.89% stake in Garanti in 2015 (which required us to (i)&nbsp;measure at fair value our prior 25.01% stake in
Garanti, which was then classified as a joint venture accounted by the using of the equity method, and (ii)&nbsp;fully consolidate Garanti in the Consolidated Financial Statements of the BBVA Group). </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:Times New Roman" ALIGN="center">112 </P>


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<TR>
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<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>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="42" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>For the Year Ended December&nbsp;31, 2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Banking<BR>Activity&nbsp;in<BR>Spain</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Real&nbsp;Estate<BR>Activity in<BR>Spain</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Turkey</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Rest of<BR>Eurasia</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Mexico</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>South<BR>America</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>United<BR>States</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Corporate<BR>Center</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Adjustments</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Group<BR>Income</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="42" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,883</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>60</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,404</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>166</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,126</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,930</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,953</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(461</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>17,059</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>17,059</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net fees and commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">731</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">194</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,149</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">634</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">638</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(133</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,718</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,718</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">787</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">222</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">464</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">142</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">356</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,133</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,133</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating income and expenses (net)
<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">275</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(68</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">270</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(27</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">178</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">744</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">744</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Gross income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,445</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,257</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>491</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,766</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,054</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,706</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(60</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>24,653</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>24,653</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Administration costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,280</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(96</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,524</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(330</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,149</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,793</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,652</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(541</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11,366</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11,366</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(319</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(27</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(214</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(247</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(100</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(190</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(315</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,426</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,426</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net margin before provisions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,846</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(130</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,519</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>149</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,371</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,160</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>863</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(916</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11,862</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11,862</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on financial assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(763</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(138</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(520</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,626</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(526</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(221</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(37</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,801</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,801</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Provisions or (-) reversal of provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(805</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(475</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(93</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(67</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(82</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(30</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(140</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,668</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,668</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Operating profit/ (loss) before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,278</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(743</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,906</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>203</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,678</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,552</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>612</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,094</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,392</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,392</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(363</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">148</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(390</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(52</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(697</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(487</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(153</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">296</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,699</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,699</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit from continuing operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>915</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(595</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,515</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>151</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,981</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,065</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>459</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(798</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,693</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,693</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from discontinued operations /Profit from corporate operations (net) <SUP
STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>915</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(595</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,515</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>151</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,981</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,065</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>459</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(798</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,693</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,693</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(917</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(294</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,218</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,218</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit attributable to parent company</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>912</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(595</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>599</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>151</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,980</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>771</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>459</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(801</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,475</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,475</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Includes share of profit or loss of entities accounted for using the equity method. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">For Group income (derived from the Group income statement) this line represents &#147;Profit from discontinued operations&#148; and for operating segments (presented in accordance with management criteria) it represents
&#147;Profit from corporate operations&#148;. </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:Times New Roman" ALIGN="center">113 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="42" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>For the Year Ended December&nbsp;31, 2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Banking<BR>Activity&nbsp;in<BR>Spain</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Real&nbsp;Estate<BR>Activity in<BR>Spain</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Turkey</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Rest of<BR>Eurasia</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Mexico</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>South<BR>America</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>United<BR>States</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Corporate<BR>Center</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Adjustments</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Group<BR>Income</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="42" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,001</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>71</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,194</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>183</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,387</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,202</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,811</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(424</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>16,426</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(404</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>16,022</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net fees and commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,605</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">471</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">170</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,223</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">718</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">616</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(100</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,705</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(94</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,611</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,013</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(273</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">198</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">595</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">186</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">161</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,009</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,030</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating income and expenses (net)
<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">185</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(105</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">273</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(38</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">172</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">540</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">699</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Gross income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,804</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(28</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,434</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>473</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>7,081</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,477</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,631</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(192</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>23,680</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(318</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>23,362</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Administration costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,078</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(101</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,043</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(337</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,403</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,875</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,602</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(589</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11,027</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">191</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10,836</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(368</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(25</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(118</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(15</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(219</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(104</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(204</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(237</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,290</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,272</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net margin before provisions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,358</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(154</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,273</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>121</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,459</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,498</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>825</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,017</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11,363</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(109</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11,254</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on financial assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,332</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(179</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(422</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,633</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(614</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(142</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,339</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">67</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,272</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Provisions or (-) reversal of provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(478</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(383</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(53</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(71</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(157</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,144</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,261</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2405</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Operating profit/ (loss) before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,548</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(716</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>853</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>111</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,772</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,814</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>685</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,187</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,879</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,276</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,603</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(456</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">221</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(166</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(35</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(678</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(565</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(168</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">407</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,441</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">167</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,274</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit from continuing operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,092</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(495</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>687</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>75</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,094</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,248</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>517</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(781</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,438</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,109</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,328</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from discontinued operations /Profit from corporate operations (net) <SUP
STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,109</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,109</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,109</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,092</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(495</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>687</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>75</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,094</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,248</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>517</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,890</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,328</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,328</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(316</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(343</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(19</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(686</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">686</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit attributable to parent company</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,085</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(496</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>371</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>75</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,094</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>905</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>517</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,910</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,642</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,642</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Includes share of profit or loss of entities accounted for using the equity method. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">For Group income (derived from the Group income statement) this line represents &#147;Profit from discontinued operations&#148; and for operating segments (presented in accordance with management criteria) it represents
&#147;Profit from corporate operations&#148;. </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:Times New Roman" ALIGN="center">114 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="42" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>For the Year Ended December&nbsp;31, 2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Banking<BR>Activity&nbsp;in<BR>Spain <SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Real&nbsp;Estate<BR>Activity in<BR>Spain</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Turkey</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Rest of<BR>Eurasia</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Mexico</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>South<BR>America</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>United<BR>States</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Corporate<BR>Center <SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Adjustments</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Group<BR>Income</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="42" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,830</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(34</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>735</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>189</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,906</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,699</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,443</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(651</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>15,116</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(734</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>14,382</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net fees and commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,453</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">191</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">187</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,166</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">901</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">553</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(91</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,365</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(191</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,174</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,149</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">150</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">195</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">482</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">145</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,135</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,134</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating income and expenses (net)
<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">189</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(180</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">209</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">246</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(890</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">153</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(260</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">295</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Gross income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,621</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(211</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>944</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>736</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,513</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,191</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,137</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(575</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>21,356</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(631</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>20,725</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Administration costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,735</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(123</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(359</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(331</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,226</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,137</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,318</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(541</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9,771</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">357</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9,414</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(301</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(23</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(35</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(187</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(179</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(179</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(264</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,180</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,145</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net margin before provisions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,585</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(357</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>550</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>393</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,100</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,875</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>640</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,380</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10,405</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(239</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10,166</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on financial assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,690</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(297</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(146</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(56</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,517</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(706</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(68</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,486</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">146</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,340</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Provisions or (-) reversal of provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(623</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(621</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(16</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(75</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(219</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(282</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,857</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,846</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Operating profit/ (loss) before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,272</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,275</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>392</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>320</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,508</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,951</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>561</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,666</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,063</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(83</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,980</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(374</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">386</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(82</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(65</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(607</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(490</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(133</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">384</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(981</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">83</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(898</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit from continuing operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>898</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(889</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>310</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>255</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,900</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,461</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>428</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,282</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,082</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,082</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from discontinued operations /Profit from corporate operations (net) <SUP
STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>898</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(889</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>310</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>255</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,900</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,461</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>428</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,282</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,082</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,082</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(460</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(464</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(464</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit attributable to parent company</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>894</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(889</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>310</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>255</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,903</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,001</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>428</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,285</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,618</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,618</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Includes share of profit or loss of entities accounted for using the equity method. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">For Group income (derived from the Group income statement) this line represents &#147;Profit from discontinued operations&#148; and for operating segments (presented in accordance with management criteria) it represents
&#147;Profit from corporate operations&#148;. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In the fourth quarter of 2015, certain operating expenses related to technology were reclassified from the Corporate Center to the Banking Activity in Spain segment. This reclassification was a consequence of the
reassignment of technology-related management competences, resources and responsibilities from the Corporate Center to the Banking Activity in Spain segment during 2015. In our Consolidated Financial Statements and throughout this Annual Report, the
comparative financial information by operating segment for 2014 has been retrospectively revised to reflect the reclassification of these expenses. </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:Times New Roman" ALIGN="center">115 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Results of Operations by Operating Segment for 2016 Compared with 2015 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>BANKING ACTIVITY IN SPAIN </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In&nbsp;Millions&nbsp;of&nbsp;Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,883</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,001</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(2.9</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net fees and commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,605</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6.5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">787</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,013</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(22.3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating income and expenses (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(124</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(167</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(25.5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Income and expenses (net) on insurance and reinsurance contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">352</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Gross income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,445</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,804</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(5.3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Administration costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,280</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,078</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(319</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(368</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13.3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net margin before provisions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,846</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,358</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(15.2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on financial assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(763</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,332</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(42.7</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Provisions or (-) reversal of provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(805</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(478</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Operating profit/(loss) before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,278</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,548</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(17.5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(363</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(456</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(20.4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit from continuing operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>915</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,092</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(16.2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from corporate operations (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>915</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,092</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(16.2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(52.9</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit attributable to parent company</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>912</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,085</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(16.0</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Net interest income </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net interest income of this operating segment for the year ended December&nbsp;31, 2016 amounted to &#128;3,883&nbsp;million, a 2.9% decrease
compared with the &#128;4,001&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly as a result of a decrease in loan volumes in an environment of low interest rates, where lower yields on loans were partially offset by cheaper
funding. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net fees and commissions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net fees and commissions of this operating segment for the year ended December&nbsp;31, 2016 amounted to &#128;1,500&nbsp;million, a 6.5%
decrease compared with the &#128;1,605&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly due to lower contribution from fees and commissions arising from securities services, including investment banking. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net gains (losses) on financial assets and liabilities and exchange differences (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net) of this operating segment for the year ended
December&nbsp;31, 2016 was a gain of &#128;787&nbsp;million, a 22.3% decrease compared with the &#128;1,013&nbsp;million gain recorded for the year ended December&nbsp;31, 2015, mainly as a result of lower ALCO portfolio sales. In addition, the sale
of our stake in VISA Europe Ltd. to Visa Inc. in November 2015, which generated a &#128;138&nbsp;million gain in such year, contributed positively to our net gains (losses) on financial assets and liabilities and exchange differences (net) in such
year. </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:Times New Roman" ALIGN="center">116 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Other operating income and expenses (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other operating income and expenses (net) of this operating segment for the year ended December&nbsp;31, 2016 was an expense of
&#128;124&nbsp;million, a 25.5% decrease compared with the &#128;167&nbsp;million expense recorded for the year ended December&nbsp;31, 2015, mainly as a result of a reduced annual contribution to the Single Resolution Fund. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Income and expenses on insurance and reinsurance contracts (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Income and expenses on insurance and reinsurance contracts (net) for the year ended December&nbsp;31, 2016 was a net income of
&#128;400&nbsp;million, a 13.5% increase compared with &#128;352&nbsp;million net income recorded for the year ended December&nbsp;31, 2015, mainly due to the integration of Catalunya Banc and a higher amount of net premiums. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Administration costs </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Administration costs of this operating segment for the year ended December&nbsp;31, 2016 was an expense of &#128;3,280&nbsp;million, 6.6%
higher compared with the &#128;3,078&nbsp;million in expenses recorded for the year ended December&nbsp;31, 2015, substantially all of which was a result of the acquisition of Catalunya Banc and the related subsequent integration costs. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Impairment losses on financial assets (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Impairment losses on financial assets (net) of this operating segment for the year ended December&nbsp;31, 2016 was a loss of
&#128;763&nbsp;million, a 42.7% decrease compared with the &#128;1,332&nbsp;million loss recorded for the year ended December&nbsp;31, 2015, mainly due to the continued improvement of credit quality in Spain. This operating segment&#146;s <FONT
STYLE="white-space:nowrap">non-performing</FONT> asset ratio decreased to 5.8% as of December&nbsp;31, 2016 from 6.6% as of December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Provisions or (-) reversal of provisions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Provisions of this operating segment for the year ended December&nbsp;31, 2016 totaled &#128;805&nbsp;million, 68.6% higher than the
&#128;478&nbsp;million provisions recorded for the year ended December&nbsp;31, 2015, and were mainly attributable to higher provisions related to the invalidity of clauses limiting interest rates in certain mortgage loans with customers (the <FONT
STYLE="white-space:nowrap">so-called</FONT> &#147;cl&aacute;usulas suelo&#148;) of &#128;577&nbsp;million (&#128;404&nbsp;million after tax). </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Operating profit/(loss) before tax </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, operating profit/(loss) before tax of this operating segment for the year ended December&nbsp;31, 2016 amounted
to &#128;1,278&nbsp;million of operating profit, a 17.5% decrease compared with the &#128;1,548&nbsp;million of operating profit recorded for the year ended December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Tax expense or (-) income related to profit or loss from continuing operations </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations of this operating segment for the year ended December&nbsp;31,
2016 was an expense of &#128;363&nbsp;million, a 22.6% decrease compared with the &#128;456&nbsp;million expense recorded for the year ended December&nbsp;31, 2015, mainly as a result of the 17.5% decrease in operating profit before tax. Such income
tax was levied at a 30% tax rate. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit attributable to parent company </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, profit attributable to parent company of this operating segment for the year ended December&nbsp;31, 2016
amounted to &#128;912&nbsp;million, a 21.9% decrease compared with the &#128;1,085&nbsp;million recorded for the year ended December&nbsp;31, 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:Times New Roman" ALIGN="center">117 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>REAL ESTATE ACTIVITY IN SPAIN </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>60</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>71</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(16.2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net fees and commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">138.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating income and expenses (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(68</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(105</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(35.0</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Gross income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(28</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</B><BR></TD>
<TD VALIGN="bottom" ALIGN="right"><B>n.m<SUP STYLE="font-size:85%; vertical-align:top"></SUP></B><BR></TD>
<TD NOWRAP VALIGN="bottom"><B><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</B><BR></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Administration costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(96</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(101</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4.9</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(27</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(25</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net margin before provisions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(130</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(154</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(15.2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on financial assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(138</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(179</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(23.1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Provisions or (-) reversal of provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(475</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(383</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Operating profit/(loss) before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(743</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(716</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">148</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">221</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(33.2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit from continuing operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(595</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(495</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>20.3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from corporate operations (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(595</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(495</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>20.3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit attributable to parent company</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(595</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(496</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>20.1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Not meaningful. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net interest income </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net interest income of this operating segment for the year ended December&nbsp;31, 2016 amounted to net interest income of
&#128;60&nbsp;million, a 16.2% decrease compared with the net interest income of &#128;71&nbsp;million recorded for the year ended December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net fees and commissions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net fees and commissions of this operating segment for the year ended December&nbsp;31, 2016 amounted to &#128;6&nbsp;million, compared with
the &#128;2&nbsp;million recorded for the year ended December&nbsp;31, 2015. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net gains (losses) on financial assets and liabilities
and exchange differences (net) </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net) of this
operating segment for the year ended December&nbsp;31, 2016 was a loss of &#128;3&nbsp;million, compared with the &#128;4&nbsp;million gain recorded for the year ended December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Other operating income and expenses (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other operating income and expenses (net) of this operating segment for the year ended December&nbsp;31, 2016 was an operating expense of
&#128;68&nbsp;million, a 35.0% decrease compared with the &#128;105&nbsp;million expense recorded for the year ended December&nbsp;31, 2015, mainly as a result of lower impairment related to the Bank&#146;s participation in Metrovacesa S.A. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Administration costs </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Administration costs of this operating segment for the year ended December&nbsp;31, 2016 was an expense of &#128;96&nbsp;million, 4.9% lower
compared with the &#128;101&nbsp;million expense recorded for the year ended December&nbsp;31, 2015, mainly as a result of a 16.5% decrease in other administrative expenses. </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:Times New Roman" ALIGN="center">118 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Impairment losses on financial assets (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Impairment losses on financial assets (net) of this operating segment for the year ended December&nbsp;31, 2016 was &#128;138&nbsp;million, a
23.1% decrease compared with the &#128;179&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly as a result of higher recovery of <FONT STYLE="white-space:nowrap">written-off</FONT> assets as well as lower losses from real estate
asset collateral. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Provisions or (-) reversal of provisions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Provisions of this operating segment for the year ended December&nbsp;31, 2016 totaled &#128;475&nbsp;million, 23.9% higher than the
&#128;383&nbsp;million expense recorded for the year ended December&nbsp;31, 2015, as a result of<B><I> </I></B>higher impairments mainly due to the reallocation of certain loans from the Banking Activity in Spain segment to the Real Estate Activity
in Spain segment relating to foreclosed assets, which resulted in higher loan loss provisions. The purpose of this reallocation was to better reflect the risk profile of the loan portfolios of each segment. With respect to the foreclosed assets of
this segment, we updated their appraisal value to reflect higher haircuts on the less liquid assets, in respect of which we have limited market references and a wide price valuation range. The portfolios which were most impacted by this update were
our land portfolios. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Operating profit/(loss) before tax </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, the operating profit (loss) before tax of this operating segment for the year ended December&nbsp;31, 2016 was a
loss of &#128;743&nbsp;million, a 3.8% increase compared with the &#128;716&nbsp;million loss recorded for the year ended December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Tax expense or (-) income related to profit or loss from continuing operations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations of this operating segment for the year ended December&nbsp;31,
2016 amounted to income of &#128;148&nbsp;million, a 33.2% decrease compared with the &#128;221&nbsp;million of income recorded for the year ended December&nbsp;31, 2015, mainly as a result of the reversal of certain deductions that were applied in
prior years in connection with impairments in participations. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit attributable to parent company </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, profit attributable to parent company of this operating segment for the year ended December&nbsp;31, 2016 was a
loss of &#128;595&nbsp;million, compared with the &#128;496&nbsp;million loss recorded for the year ended December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>TURKEY </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In accordance
with IFRS 8, information for the Turkey operating segment is presented under management criteria, pursuant to which Garanti&#146;s information has been proportionally consolidated based on our 25.01% interest in Garanti during the <FONT
STYLE="white-space:nowrap">six-month</FONT> period ended June&nbsp;30, 2015. From July 2015 to March 2017, we held 39.90% of Garanti&#146;s share capital and we have fully consolidated Garanti&#146;s results in our consolidated financial statements.
On March&nbsp;22, 2017, we completed the acquisition of an additional 9.95% stake in Garanti. See <I>&#147;Item 4. Information on the Company&#151;History and Development of the Company&#151;Capital expenditures&#151;2017&#148;.</I> </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" NOWRAP ALIGN="center"><B>(In&nbsp;Millions&nbsp;of&nbsp;Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,404</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,194</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>55.1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net fees and commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">731</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">471</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(273</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating income and expenses (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(18</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Income and expenses (net) on insurance and reinsurance contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Gross income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,257</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,434</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>74.9</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Administration costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,524</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,043</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(214</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(118</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net margin before provisions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,519</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,273</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>97.8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on financial assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(520</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(422</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Provisions or (-) reversal of provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(93</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Operating profit/(loss) before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,906</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>853</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>123.5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(390</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(166</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">135.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit from continuing operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,515</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>687</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>120.6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from corporate operations (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,515</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>687</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>120.6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(917</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(316</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit attributable to parent company</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>599</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>371</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>61.4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Not meaningful. </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:Times New Roman" ALIGN="center">119 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As indicated above, during the year ended December&nbsp;31, 2015, Garanti was fully consolidated
by us following the acquisition of an additional 14.89% stake in Garanti in July 2015. Such consolidation affects the comparability of our results for the periods discussed herein for all the accounting lines items of the income statement.
Additionally the Turkish lira depreciated 10% against the euro in average terms during 2016, resulting in a negative exchange rate effect on our consolidated income statement for the year ended December&nbsp;31, 2016 and in the results of operations
of the Turkey operating segment for such year expressed in euro. See <I>&#147;&#151;</I><I></I><I>Factors Affecting the Comparability of our Results of Operations and Financial Condition&#148;</I>. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net interest income </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net interest income of this operating segment for the year ended December&nbsp;31, 2016 amounted to &#128;3,404&nbsp;million, a 55.1% increase
compared with the &#128;2,194&nbsp;million recorded for the year ended December&nbsp;31, 2015, as a result of the change in the consolidation method of Garanti, which more than offset the adverse impact of exchange rates, as well as due to increases
in volumes and yields on loans and a decreased cost of deposits. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net fees and commissions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net fees and commissions of this operating segment for the year ended December&nbsp;31, 2016 amounted to &#128;731&nbsp;million, a 55.2%
increase compared with the &#128;471&nbsp;million recorded for the year ended December&nbsp;31, 2015, as a result of the change in the consolidation method of Garanti which more than offset the adverse impact of changes in exchange rates (which had
an estimated impact of &#128;45 million). Excluding the effect of the acquisition of the additional stake in Garanti and the resulting change in the consolidation method of Garanti and excluding the impact of variations in exchange rates, net fees
and commissions increased mainly as a result of an increase in checks and bills receivables commissions and, to a lesser extent, due to an increase in contingent risk commissions. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net gains (losses) on financial assets and liabilities and exchange differences (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net) of this operating segment for the year ended
December&nbsp;31, 2016 was a gain of &#128;77&nbsp;million, compared with the &#128;273&nbsp;million loss recorded for the year ended December&nbsp;31, 2015, as a result mainly of capital gains from the divestment of ALCO portfolios, the proceeds of
our sale of VISA Europe Ltd. to VISA Inc. in November 2015 (&#128;87&nbsp;million gross of tax) which were received in 2016 and gains on financial assets of the Global Markets unit in Turkey, partially offset by a negative exchange rate effect of
&#128;26&nbsp;million. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Other operating income and expenses (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other operating income and expenses (net) of this operating segment for the year ended December&nbsp;31, 2016 was an expense of
&#128;18&nbsp;million, compared with operating income of &#128;2&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly as a result of increased amounts payable as a contribution to the Deposit Guarantee Fund. Additionally there
were higher expenses as a result of the high inflation rate and the investments made in the upgrading, modernization and digitalization of traditional channels. </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:Times New Roman" ALIGN="center">120 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Income and expenses on insurance and reinsurance contracts </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Income and expenses on insurance and reinsurance contracts of this operating segment for the year ended December&nbsp;31, 2016 was an operating
income of &#128;64&nbsp;million, a 62% increase compared with the &#128;40&nbsp;million of operating income recorded for the year ended December&nbsp;31, 2015, as a result of the change in the consolidation method of Garanti. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Administration costs </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Administration costs of this operating segment for the year ended December&nbsp;31, 2016 was an expense of &#128;1,524&nbsp;million, a 46.2%
increase compared with the &#128;1,043&nbsp;million recorded for the year ended December&nbsp;31, 2015, as a result of the change in the consolidation method of Garanti which more than offset the impact of changes in exchange rates. Excluding the
effect of the acquisition of the additional stake in Garanti and the resulting change in the consolidation method of Garanti, and excluding the impact of variations in exchange rates, the change in administration costs was mainly as a result of the
high inflation, the 30% increase in the minimum wage since January 2016 and an increase in variable remuneration in personnel expenses. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Impairment losses on financial assets (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Impairment losses on financial assets (net) of this operating segment for the year ended December&nbsp;31, 2016 was a loss of
&#128;520&nbsp;million, a 23.2% increase compared with the &#128;422&nbsp;million loss recorded for the year ended December&nbsp;31, 2015, as a result of the change in the consolidation method of Garanti which more than offset the impact of changes
in exchange rates. Excluding the effect of the acquisition of the additional stake in Garanti and the resulting change in the consolidation method of Garanti, and excluding the impact of variations in exchange rates, the change in impairment losses
on financial assets (net) was mainly as a result of increased impaired assets due to the increase in the loan portfolio and the deterioration in credit quality, and&nbsp;increased impairment losses related to the subsidiary in Romania. The <FONT
STYLE="white-space:nowrap">non-performing</FONT> asset ratio of this operating segment as of December&nbsp;31, 2016 was 2.7% compared with 2.8% as of December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Provisions or (-) reversal of provisions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Provisions of this operating segment for the year ended December&nbsp;31, 2016 totaled &#128;93&nbsp;million, compared with the
&#128;2&nbsp;million reversal recorded for the year ended December&nbsp;31, 2015, and were mainly provisions for contingent liabilities and commitments. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Operating profit/(loss) before tax </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, operating profit/(loss) before tax of this operating segment for the year ended December&nbsp;31, 2016 amounted
to &#128;1,906&nbsp;million, a 123.5% increase compared with the &#128;853&nbsp;million recorded for the year ended December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Tax expense or (-) income related to profit or loss from continuing operations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations of this operating segment for the year ended December&nbsp;31,
2016 was an expense of &#128;390&nbsp;million, a 135.4% increase compared with the &#128;166&nbsp;million recorded for the year ended December&nbsp;31, 2015, as a result of the change in the consolidation method of Garanti. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit attributable to parent company </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, profit attributable to parent company of this operating segment for the year ended December&nbsp;31, 2016
amounted to &#128;599&nbsp;million, a 61.4% increase compared with the &#128;371&nbsp;million recorded for the year ended December&nbsp;31, 2015. A significant portion of our operating profit for this operating segment was attributable to our 100%
consolidation of Garanti, but as we held only 39.90% of this entity during the year ended December&nbsp;31, 2016, the majority of its operating profit was allocable to its other shareholders and was recorded in the Group&#146;s consolidated income
statement under &#147;Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests&#148;. </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:Times New Roman" ALIGN="center">121 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>REST OF EURASIA </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="67%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In&nbsp;Millions&nbsp;of&nbsp;Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>166</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>183</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(9.7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net fees and commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">194</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">170</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(30.3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating income and expenses (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Gross income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>491</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>473</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4.0</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Administration costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(330</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(337</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2.0</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(15</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(18.7</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net margin before provisions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>149</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>121</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>23.6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on financial assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Provisions or (-) reversal of provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Operating profit/(loss) before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>203</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>111</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>83.2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(52</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(35</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit from continuing operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>151</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>75</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>100.1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from corporate operations (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>151</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>75</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>100.1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit attributable to parent company</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>151</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>75</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>100.1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Not meaningful. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net interest income </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net interest income of this operating segment for the year ended December&nbsp;31, 2016 amounted to &#128;166&nbsp;million, a 9.7% decrease
compared with the &#128;183&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly due to the low interest rate environment, leading to fewer transactions, as a result of macroeconomic conditions in the Eurozone. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net fees and commissions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net fees and commissions of this operating segment for the year ended December&nbsp;31, 2016 amounted to &#128;194&nbsp;million, a 13.8%
increase compared with the &#128;170&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly as a result of an increase in commissions which generated an increase of &#128;18&nbsp;million, and, to a lesser extent, due to an increase
in securities fees which translated into a &#128;9&nbsp;million increase, partially offset by a &#128;3&nbsp;million decrease in contingent risk commissions. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net gains (losses) on financial assets and liabilities and exchange differences (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net) of this operating segment for the year ended
December&nbsp;31, 2016 was a gain of &#128;87&nbsp;million, a 30.3% decrease compared with the &#128;125&nbsp;million gain recorded for the year ended December&nbsp;31, 2015, mainly as a result of a lower contribution from trading income. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Other operating income and expenses (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other operating income and expenses (net) of this operating segment for the year ended December&nbsp;31, 2016 was net income of
&#128;45&nbsp;million, compared with the &#128;6&nbsp;million of net expense recorded for the year ended December&nbsp;31, 2015, mainly as a result of a &#128;46&nbsp;million increase in income from dividends received from CNCB. </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:Times New Roman" ALIGN="center">122 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Administration costs </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Administration costs of this operating segment for the year ended December&nbsp;31, 2016 were &#128;330&nbsp;million, a 2% decrease compared
with the &#128;337&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly as a result of a &#128;13&nbsp;million decrease in personnel expenses, partially offset by an increase in other administrative expenses of
&#128;7&nbsp;million. Among the main variations, fixed remuneration costs decreased by &#128;16&nbsp;million, and remuneration based on equity instruments decreased such costs by &#128;4&nbsp;million. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Impairment losses on financial assets (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Impairment losses on financial assets (net) of this operating segment for the year ended December&nbsp;31, 2016 amounted to
&#128;30&nbsp;million gain, compared with the &#128;4&nbsp;million loss recorded for the year ended December&nbsp;31, 2015, mainly as a result of the release of provisions in Portugal, Belgium and in the Corporate&nbsp;&amp; Investment Banking unit
for the European customers. The <FONT STYLE="white-space:nowrap">non-performing</FONT> asset ratio of this operating segment as of December&nbsp;31, 2016 was 2.7% compared with 2.5% as of December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Operating profit/(loss) before tax </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, the operating profit/(loss) before tax of this operating segment for the year ended December&nbsp;31, 2016
amounted to operating profit of &#128;203&nbsp;million, an 83.2% increase compared with the &#128;111&nbsp;million of operating profit recorded for the year ended December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Tax expense or (-) income related to profit or loss from continuing operations </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations of this operating segment for the year ended December&nbsp;31,
2016 was &#128;52&nbsp;million, a 47% increase compared with the &#128;35&nbsp;million expense recorded for the year ended December&nbsp;31, 2015, mainly as a result of the higher operating income before tax. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit attributable to parent company </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, profit attributable to parent company of this operating segment for the year ended December&nbsp;31, 2016
amounted to &#128;151&nbsp;million, a 100.1% increase compared with the &#128;75&nbsp;million recorded for the year ended December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>MEXICO </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="75%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In&nbsp;Millions&nbsp;of&nbsp;Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,126</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,387</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(4.9</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net fees and commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,149</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,223</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6.1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">222</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">198</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating income and expenses (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(237</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(260</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8.9</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Income and expenses (net) on insurance and reinsurance contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">507</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">533</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4.9</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Gross income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,766</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>7,081</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(4.4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Administration costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,149</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,403</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10.6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(247</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(219</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net margin before provisions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,371</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,459</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(2.0</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on financial assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,626</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,633</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Provisions or (-) reversal of provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(67</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(53</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Operating profit/(loss) before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,678</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,772</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(3.4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(697</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(678</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit from continuing operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,981</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,094</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(5.4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from corporate operations (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,981</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,094</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(5.4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m&nbsp;<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit attributable to parent company</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,980</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,094</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(5.4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Not meaningful. </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:Times New Roman" ALIGN="center">123 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In 2016, the Mexican peso depreciated 14.8% against the euro in average terms, resulting in a
negative exchange rate effect on our consolidated income statement for the year ended December&nbsp;31, 2016 and in the results of operations of the Mexico operating segment for such year expressed in euro. See <I>&#147;&#151;</I><I></I><I>Factors
Affecting the Comparability of our Results of Operations and Financial Condition&#148;.</I> </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Net interest income </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net interest income of this operating segment for the year ended December&nbsp;31, 2016 amounted to &#128;5,126&nbsp;million, a 4.9% decrease
compared with the &#128;5,387&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly as a result of the impact of the depreciation of the Mexican peso, which more than offset the higher volumes in lending and fund gathering. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Net fees and commissions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net fees and commissions of this operating segment for the year ended December&nbsp;31, 2016 amounted to &#128;1,149&nbsp;million, a 6.1%
decrease compared with the &#128;1,223&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly as a result of the impact of the depreciation of the Mexican peso (which had an estimated impact of approximately &#128;181 million).
Excluding this impact, net fees and commissions increased mainly as a result of an increase in commissions for selling insurance, and, to a lesser extent, due to an increase in insurance product commissions, partially offset by a decrease in
brokerage commissions. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Net gains (losses) on financial assets and liabilities and exchange differences (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net) of this operating segment for the year ended
December&nbsp;31, 2016 was a gain of &#128;222&nbsp;million, a 12.3% increase compared with the &#128;198&nbsp;million gain recorded for the year ended December&nbsp;31, 2015, mainly as a result of gains derived from hedging activity partially
offset by the impact of the depreciation of the Mexican peso in the last quarter of 2016. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Other operating income and expenses (net)
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other operating income and expenses (net) of this operating segment for the year ended December&nbsp;31, 2016 was other operating
expenses of &#128;237&nbsp;million, compared with the &#128;260&nbsp;million of other operating expenses recorded for the year ended December&nbsp;31, 2015, mainly as a result of the impact of the depreciation of the Mexican peso (which had an
estimated impact of approximately &#128;38 million). Excluding this impact, other operating income and expenses (net) decreased mainly as a result of an increase in expenses related to <FONT STYLE="white-space:nowrap">non-banking</FONT> activity
(like administration costs relating to foreclosed assets) and expenses related to ATMs and frauds, partially offset by a &#128;27&nbsp;million decrease in the contribution to the Mexican Deposit Guarantee Fund (IPAB)
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">year-on-year.</FONT></FONT> </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Income and expenses on insurance and
reinsurance contracts </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Income and expenses on insurance and reinsurance contracts of this operating segment for the year ended
December&nbsp;31, 2016 was income of &#128;507&nbsp;million, a 4.9% decrease compared with income of &#128;533&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly as a result of the impact of the depreciation of the Mexican peso
(which had an estimated impact of approximately &#128;79 million). </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:Times New Roman" ALIGN="center">124 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Administration costs </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Administration costs of this operating segment for the year ended December&nbsp;31, 2016 were &#128;2,149&nbsp;million, a 10.6% decrease
compared with the &#128;2,403&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly as a result of the impact of the depreciation of the Mexican peso (which had an estimated impact of approximately &#128;355 million). Excluding
this impact, administration costs increased mainly as a result of a &#128;92&nbsp;million increase in personnel expenses, primarily related to variable remuneration and, to a lesser extent, due to IT expenses, which increased costs by
&#128;23&nbsp;million, and a &#128;10&nbsp;million increase in other administrative expenses for the ongoing renovation and remodeling of branch offices and the change of headquarters. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Impairment losses on financial assets (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Impairment losses on financial assets (net) of this operating segment for the year ended December&nbsp;31, 2016 was a loss of
&#128;1,626&nbsp;million, a 0.5% decrease compared with the &#128;1,633&nbsp;million loss recorded for the year ended December&nbsp;31, 2015, mainly as a result of the impact of the depreciation of the Mexican peso (which had an estimated impact of
approximately &#128;241 million). Excluding this impact, the change in impairment losses on financial assets was mainly as a result of an increase in impaired assets due to the increase registered in the loan portfolio and the deterioration in
credit quality. This increase in impairment losses on financial assets was partially offset due to higher recovery of <FONT STYLE="white-space:nowrap">written-off</FONT> assets. The <FONT STYLE="white-space:nowrap">non-performing</FONT> asset ratio
of this operating segment as of December&nbsp;31, 2016 was 2.3% compared with 2.6% as of December&nbsp;31, 2015. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Provisions or (-)
reversal of provisions </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Provisions or (-) reversal of provisions in this operating segment for 2016 was &#128;67&nbsp;million
compared with the &#128;53&nbsp;million recorded for 2015, as a result of higher provisions related to restructuring costs. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Operating profit/(loss) before tax </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, the operating profit/(loss) before tax of this operating segment for the year ended December&nbsp;31, 2016
amounted to operating profit of &#128;2,678&nbsp;million, a 3.4% decrease compared with the operating profit of &#128;2,772&nbsp;million recorded for the year ended December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Tax expense or (-) income related to profit or loss from continuing operations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations of this operating segment for the year ended December&nbsp;31,
2016 was an expense of &#128;697&nbsp;million, a 2.7% increase compared with the expense of &#128;678&nbsp;million recorded for the year ended December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit attributable to parent company </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, profit attributable to parent company of this operating segment for the year ended December&nbsp;31, 2016
amounted to &#128;1,980&nbsp;million, a 5.4% decrease compared with the &#128;2,094&nbsp;million recorded for the year ended December&nbsp;31, 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:Times New Roman" ALIGN="center">125 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SOUTH AMERICA </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In&nbsp;Millions&nbsp;of&nbsp;Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,930</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,202</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(8.5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net fees and commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">634</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">718</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11.6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences
(net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">464</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">595</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(22.0</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating income and expenses (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(133</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(219</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(39.4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Income and expenses (net) on insurance and reinsurance contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">158</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">181</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12.8</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Gross income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,054</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,477</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(9.5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Administration costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,793</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,875</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4.4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(100</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(104</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3.3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net margin before provisions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,160</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,498</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(13.5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on financial assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(526</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(614</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14.2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Provisions or (-) reversal of provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(82</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(71</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Operating profit/(loss) before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,552</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,814</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(14.4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(487</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(565</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13.8</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit from continuing operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,065</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,248</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(14.7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from corporate operations (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,065</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,248</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(14.7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(294</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(343</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14.2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit attributable to parent company</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>771</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>905</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(14.9</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In the year ended December&nbsp;31, 2016 the Group used the estimated exchange rate of 1,893 Venezuelan
bolivars per euro, See <I>&#147;Presentation of Financial Information&#151;Venezuela&#148;.</I> Additionally, all the currencies of the region depreciated in average terms against the euro compared with the year ended December&nbsp;31, 2015 and
resulted in a negative impact on the results of operations of the South America operating segment for the year ended December&nbsp;31, 2016 expressed in euro. See &#147;&#151;Factors Affecting the Comparability of our Results of Operations and
Financial Condition&#148;. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net interest income </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net interest income of this operating segment for the year ended December&nbsp;31, 2016 amounted to &#128;2,930&nbsp;million, an 8.5% decrease
compared with the &#128;3,202&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly as a result of the impact of the depreciation of the currencies of the region, particularly the Venezuelan bolivar and Argentine peso (which had an
estimated impact of approximately &#128;572 million), which more than offset the increase in fees related to bills, receivables, checks and credit cards, particularly in Colombia and Argentina. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Net fees and commissions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net fees and commissions of this operating segment for the year ended December&nbsp;31, 2016 amounted to &#128;634&nbsp;million, an 11.6%
decrease compared with the &#128;718&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly as a result of the impact of the depreciation of the currencies of the region, particularly the Venezuelan bolivar and Argentine peso (which
had an estimated impact of approximately &#128;131 million). Excluding this impact, net fees and commissions increased mainly as a result of an increase in credit and debit card commissions which generated an increase of &#128;33&nbsp;million, and,
to a lesser extent, due to an increase in checks and bills receivables commissions which translated into a &#128;26&nbsp;million increase, partially offset by a &#128;27&nbsp;million decrease in other commissions. By country, the main variation was
registered in Argentina where net fees and commissions, at constant exchange rates, increased by &#128;19&nbsp;million due to higher commissions as a result of local and regional incentives of VISA. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Net gains (losses) on financial assets and liabilities and exchange differences (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net) of this operating segment for the year ended
December&nbsp;31, 2016 was a gain of &#128;464&nbsp;million, a 22.0% decrease compared with the &#128;595&nbsp;million gain recorded for the year ended December&nbsp;31, 2015, mainly as a result of the impact of the depreciation of the currencies of
the region, particularly the Venezuelan bolivar and Argentine peso (which had an estimated impact of approximately &#128;172 million). By country, the main variation was registered in Colombia where net gains (losses) on financial assets and
liabilities and exchange differences (net), at constant exchange rates, decreased by &#128;75&nbsp;million due to the fair value measurement of our previously acquired stake in Credibanco. </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:Times New Roman" ALIGN="center">126 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Other operating income and expenses (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other operating income and expenses (net) of this operating segment for the year ended December&nbsp;31, 2016 was an operating expense of
&#128;133&nbsp;million, compared with the &#128;219&nbsp;million of operating expense recorded for the year ended December&nbsp;31, 2015, mainly as a result of the impact of the depreciation of the currencies of the region, particularly the
Venezuelan bolivar and Argentine peso (which had an estimated impact of approximately &#128;121 million). Excluding this impact, the change in other operating income and expenses (net) was mainly due to a &#128;27&nbsp;million decrease in other
operating income. By country, the main variation was registered in Venezuela where other operating expenses, at constant exchange rates, increased by &#128;30&nbsp;million. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Administration costs </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Administration costs of this operating segment for the year ended December&nbsp;31, 2016 was &#128;1,793&nbsp;million, a 4.4% decrease compared
with the &#128;1,875&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly as a result of the impact of the depreciation of the currencies of the region, particularly the Venezuelan bolivar and Argentine peso (which had an
estimated impact of approximately &#128;348 million). Excluding this impact, administration costs increased mainly as a result of a &#128;148&nbsp;million increase in personnel expenses, and, to a lesser extent, due to a &#128;118&nbsp;million
increase in other administrative expenses. Among the main variations, fixed remuneration increased the costs by &#128;94&nbsp;million, and IT expenses increased the costs by &#128;24&nbsp;million. All the changes were impacted by the high inflation
in certain countries in the region. By country, the main variation was registered in Argentina where administration costs, at constant exchange rates, increased by &#128;171&nbsp;million mainly due to an increase in personnel expenses and other
administrative expenses which was attributable in part to the high inflation. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Impairment losses on financial assets (net)
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Impairment losses on financial assets (net) of this operating segment for the year ended December&nbsp;31, 2016 were
&#128;526&nbsp;million, a 14.2% decrease compared with the &#128;614&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly as a result of decreased impaired assets due to the decrease registered in the loan portfolio and the
depreciation of the currencies of the region (which had an estimated impact of approximately &#128;72 million). This decrease in impairment losses on financial assets was partially offset by the lower recovery of
<FONT STYLE="white-space:nowrap">written-off</FONT> assets. The <FONT STYLE="white-space:nowrap">non-performing</FONT> asset ratio of this operating segment as of December&nbsp;31, 2016 was 2.9% compared with 2.3% as of December&nbsp;31, 2015. By
country, the main variation was registered in Chile where impairment losses on financial assets, at constant exchange rates, decreased by &#128;31&nbsp;million. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Provisions or (-) reversal of provisions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Provisions of this operating segment for the year ended December&nbsp;31, 2016 totaled &#128;82&nbsp;million, a 15.2% increase compared with
the &#128;71&nbsp;million provisions recorded for the year ended December&nbsp;31, 2015, mainly as a result of higher provisions relating to restructuring costs related to the Group&#146;s transformation process. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Operating profit/(loss) before tax </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, the operating profit/(loss) before tax of this operating segment for the year ended December&nbsp;31, 2016
amounted to an operating profit of &#128;1,552&nbsp;million, a 14.4% decrease compared with the operating profit of &#128;1,814&nbsp;million recorded for the year ended December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Tax expense or (-) income related to profit or loss from continuing operations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations of this operating segment for the year ended December&nbsp;31,
2016 was an expense of &#128;487&nbsp;million, a 13.8% decrease compared with the &#128;565&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly as a result of the impact of the depreciation of the currencies of the region,
particularly the Venezuelan bolivar and Argentine peso, and the lower operating profit before tax. </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:Times New Roman" ALIGN="center">127 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit attributable to parent company </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, profit attributable to parent company of this operating segment for the year ended December&nbsp;31, 2016
amounted to &#128;771&nbsp;million, a 14.9% decrease compared with the &#128;905&nbsp;million recorded for the year ended December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>UNITED STATES </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="75%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In&nbsp;Millions&nbsp;of&nbsp;Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,953</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,811</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>7.9</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net fees and commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">638</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">616</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences
(net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">142</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">186</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(23.6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating income and expenses (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(27</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m&nbsp;<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Gross income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,706</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,631</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2.8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Administration costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,652</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,602</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(190</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(204</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6.7</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net margin before provisions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>863</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>825</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4.6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on financial assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(221</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(142</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Provisions or (-) reversal of provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(30</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m&nbsp;<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Operating profit/(loss) before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>612</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>685</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(10.6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(153</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(168</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8.8</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit from continuing operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>459</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>517</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(11.2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from corporate operations (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>459</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>517</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(11.2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit attributable to parent company</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>459</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>517</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(11.2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Not meaningful. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In 2016 the U.S. dollar appreciated 0.2% against the euro on average terms,
resulting in a positive exchange rate effect on our income statement and in the results of operations of the United States operating segment for the year ended December&nbsp;31, 2016 expressed in euros. See <I>&#147;&#151;</I><I></I><I>Factors
Affecting the Comparability of our Results of Operations and Financial Condition&#148;</I>. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Net interest income </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net interest income of this operating segment for the year ended December&nbsp;31, 2016 amounted to &#128;1,953&nbsp;million, a 7.9% increase
compared with the &#128;1,811&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly as a result of increased activity, particularly in loans and advances to customers, as well as improved pricing of such loans and advances driven
by higher yields in new loan production and the lower cost of deposits. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net fees and commissions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net fees and commissions of this operating segment for the year ended December&nbsp;31, 2016 amounted to &#128;638&nbsp;million, a 3.5%
increase compared with the &#128;616&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly as a result of an increase in securities fees which generated an impact of &#128;123&nbsp;million, and, to a lesser extent, due to an
increase in checks and bills receivables commissions which translated into a &#128;9&nbsp;million increase, partially offset by a &#128;108&nbsp;million decrease in other commissions. </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:Times New Roman" ALIGN="center">128 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net gains (losses) on financial assets and liabilities and exchange differences (net)
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net) of this operating segment for the year ended
December&nbsp;31, 2016 was a net gain of &#128;142&nbsp;million, a 23.6% decrease compared with the &#128;186&nbsp;million net gain recorded for the year ended December&nbsp;31, 2015, mainly as a result of the difficult situation in the markets and
lower sales of ALCO portfolios. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Other operating income and expenses (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other operating income and expenses (net) of this operating segment for the year ended December&nbsp;31, 2016 was operating expense of
&#128;27&nbsp;million, compared with the &#128;18&nbsp;million operating income recorded for the year ended December&nbsp;31, 2015, mainly due to a &#128;17&nbsp;million decrease in dividends from the Federal Reserve System. In addition, in 2015
other operating income and expense (net) benefited from the income generated by the sale of Capital Investment Counsel Inc. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Administration costs </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Administration costs of this operating segment for the year ended December&nbsp;31, 2016 was an expense of &#128;1,652&nbsp;million, a 3.1%
increase compared with the &#128;1,602&nbsp;million expense recorded for the year ended December&nbsp;31, 2015, mainly as a result of a &#128;40&nbsp;million increase in personnel expenses and, to a lesser extent, due to a &#128;10&nbsp;million
increase in other administrative expenses. Among the main variations, fixed remuneration increased the costs by &#128;29&nbsp;million, and variable remuneration increased the costs by &#128;13&nbsp;million. Additionally, there was a positive
exchange rate effect of &#128;5&nbsp;million. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Impairment losses on financial assets (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Impairment losses on financial assets (net) of this operating segment for the year ended December&nbsp;31, 2016 was a loss of
&#128;221&nbsp;million, a 56% increase compared with the &#128;142&nbsp;million loss recorded for the year ended December&nbsp;31, 2015, mainly as a result of increased impaired financial assets due to the increase registered in the loan portfolio
and the deterioration in credit quality, particularly related to the rise in provisions following the rating downgrades on some companies that operate in the energy, metal and mining sectors during the first quarter of 2016. This increase in
impairment losses on financial assets was partially offset by lower recovery of <FONT STYLE="white-space:nowrap">written-off</FONT> assets. The <FONT STYLE="white-space:nowrap">non-performing</FONT> asset ratio of this operating segment as of
December&nbsp;31, 2016 was 1.5% compared with 0.9% as of December&nbsp;31, 2015. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Operating profit/(loss) before tax </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, the operating profit/(loss) before tax of this operating segment for the year ended December&nbsp;31, 2016
amounted to &#128;612&nbsp;million of operating profit, a 10.6% decrease compared with the &#128;685&nbsp;million of operating profit recorded for the year ended December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Tax expense or (-) income related to profit or loss from continuing operations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations of this operating segment for the year ended December&nbsp;31,
2016 was an expense of &#128;153&nbsp;million, an 8.8% decrease compared with the &#128;168&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly as a result of the 10.6% decrease in the operating profit before tax. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit attributable to parent company </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, profit attributable to parent company of this operating segment for the year ended December&nbsp;31, 2016
amounted to &#128;459&nbsp;million, an 11.2% decrease compared with the &#128;517&nbsp;million recorded for the year ended December&nbsp;31, 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:Times New Roman" ALIGN="center">129 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>CORPORATE CENTER </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In&nbsp;Millions&nbsp;of&nbsp;Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(461</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(424</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8.7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net fees and commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(133</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(100</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">356</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">161</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">120.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating income and expenses (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">199</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">191</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Income and expenses (net) on insurance and reinsurance contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(21</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(19</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Gross income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(60</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(192</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(68.7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Administration costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(541</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(589</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8.2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(315</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(237</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net margin before provisions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(916</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,017</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(10.0</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on financial assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(37</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">178.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Provisions or (-) reversal of provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(140</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(157</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10.4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Operating profit/(loss) before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,094</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,187</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(7.9</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">296</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">407</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(27.2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit from continuing operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(798</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(781</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2.2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from corporate operations (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,109</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m&nbsp;<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(798</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,890</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(57.8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(19</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m&nbsp;<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit attributable to parent company</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(801</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,910</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(58.1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Not meaningful. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Net interest income </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net interest income of this operating segment for the year ended December&nbsp;31, 2016 was net interest expense of &#128;461&nbsp;million, an
8.7% increase compared with the &#128;424&nbsp;million of net interest expense recorded for the year ended December&nbsp;31, 2015, primarily as a result of higher expenses related to the purchase price allocation of Catalunya Banc. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Net fees and commissions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net fees and commissions of this operating segment for the year ended December&nbsp;31, 2016 was an expense of &#128;133&nbsp;million, compared
with the &#128;100&nbsp;million expense recorded for the year ended December&nbsp;31, 2015. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Net gains (losses) on financial assets
and liabilities and exchange differences (net) </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences
(net) of this operating segment for the year ended December&nbsp;31, 2016 was a gain of &#128;356&nbsp;million, a 120.6% increase compared with the &#128;161&nbsp;million gain recorded for the year ended December&nbsp;31, 2015, mainly as a result of
higher gains of the ALCO management. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Other operating income and expenses (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other operating income and expenses (net) of this operating segment for the year ended December&nbsp;31, 2016 was operating income of
&#128;199&nbsp;million, a 4.3% increase compared with the &#128;191&nbsp;million of operating income recorded for the year ended December&nbsp;31, 2015, mainly as a result of the purchase price allocation of the current business of the insurance
companies of Catalunya Banc(which contributed &#128;9 million), partially offset by a &#128;13&nbsp;million decrease in the share of profit or loss of entities accounted for using the equity method. </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:Times New Roman" ALIGN="center">130 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Income and expenses on insurance and reinsurance contracts </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Income and expenses on insurance and reinsurance contracts of this operating segment for the year ended December&nbsp;31, 2016 was expenses of
&#128;21&nbsp;million, a 9.4% increase compared with expenses of &#128;19&nbsp;million recorded for the year ended December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Administration costs </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Administration costs of this operating segment for the year ended December&nbsp;31, 2016 was an expense of &#128;541&nbsp;million, an 8.2%
decrease compared with the &#128;589&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly as a result of a &#128;49&nbsp;million decrease in other administrative expenses, partially offset by an increase in personnel expenses.
Among the main variations, branch allocation expenses decreased the costs by &#128;70&nbsp;million, and lower redundancy expenses decreased the costs by &#128;21&nbsp;million. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Impairment losses on financial assets (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Impairment losses on financial assets (net) of this operating segment for the year ended December&nbsp;31, 2016 was a loss of
&#128;37&nbsp;million, a 178.8% increase compared with the &#128;13&nbsp;million recorded for the year ended December&nbsp;31, 2015, mainly as a result of higher impairment of debt securities and higher country risk loan-loss provisions. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Provisions or (-) reversal of provisions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Provisions of this operating segment for the year ended December&nbsp;31, 2016 totaled &#128;140&nbsp;million, a 10.4% decrease compared with
the &#128;157&nbsp;million provisions recorded for the year ended December&nbsp;31, 2015 due to lower provisions for early retirements. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Operating profit/(loss) before tax </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, operating profit/(loss) before tax of this operating segment for the year ended December&nbsp;31, 2016 was a loss
of &#128;1,094&nbsp;million, compared with the &#128;1,187&nbsp;million loss recorded for the year ended December&nbsp;31, 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Tax expense or (-) income related to profit or loss from continuing operations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations of this operating segment for the year ended December&nbsp;31,
2016 amounted to &#128;296&nbsp;million of income, compared with the &#128;407&nbsp;million of income recorded for the year ended December&nbsp;31, 2015, mainly as a result of a lower operating loss before tax. In addition, in 2015 there were higher
tax deductions as a result of the sale of participations. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Profit from corporate operations (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There was no profit from corporate operations (net) of this operating segment for the year ended December&nbsp;31, 2016, whereas there was a
&#128;1,109&nbsp;million loss recorded for the year ended December&nbsp;31, 2015, which resulted from the sale of the 6.43% stake in CNCB. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit attributable to parent company </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, the profit attributable to parent company of this operating segment for the year ended December&nbsp;31, 2016 was
a loss of &#128;801&nbsp;million, compared with the &#128;1,910&nbsp;million loss recorded for the year ended December&nbsp;31, 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:Times New Roman" ALIGN="center">131 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Results of Operations by Operating Segment for 2015 Compared with 2014 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>BANKING ACTIVITY IN SPAIN </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In&nbsp;Millions&nbsp;of&nbsp;Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,001</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,830</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4.4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net fees and commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,605</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,453</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,013</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,149</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11.9</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating income and expenses (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">185</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">189</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1.9</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Gross income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,804</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,621</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2.8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Administration costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,078</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,735</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(368</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(301</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net margin before provisions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,358</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,585</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(6.3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on financial assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,332</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,690</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(21.2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Provisions or (-) reversal of provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(478</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(623</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(23.3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Operating profit/(loss) before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,548</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,272</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>21.7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(456</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(374</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit from continuing operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,092</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>898</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>21.6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from corporate operations (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,092</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>898</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>21.6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">72.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit attributable to parent company</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,085</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>894</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>21.4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The acquisition of Catalunya Banc in the second quarter of 2015 affects the comparability of our results for
the periods discussed herein. See <I>&#147;&#151;</I><I></I><I>Factors Affecting the Comparability of our Results of Operations and Financial Condition&#148;.</I> In order to present certain <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">year-on-year</FONT></FONT> variations on a more comparable basis, we have presented in the discussion below certain adjusted variations which exclude the impact of the acquisition of Catalunya Banc. In order to exclude
such impact in the discussion below, we have excluded Catalunya Banc&#146;s results from our 2015 results. These adjusted variations are referred to below as variations &#147;excluding the effect of the acquisition of Catalunya Banc&#148;. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Net interest income </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net interest income of this operating segment for the year ended December&nbsp;31, 2015 amounted to &#128;4,001&nbsp;million, a 4.4% increase
compared with the &#128;3,830&nbsp;million recorded for the year ended December&nbsp;31, 2014, mainly as a result of the acquisition of Catalunya Banc. Excluding the effect of the acquisition of Catalunya Banc there was a slight decrease of 1% in
deposits and loans turnover in an environment of low interest rates (short-term Euribor rates turned negative in 2015) where lower yields on loans were partially offset by cheaper funding. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net fees and commissions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net fees and commissions of this operating segment for the year ended December&nbsp;31, 2015 amounted to &#128;1,605&nbsp;million, a 10.5%
increase compared with the &#128;1,453&nbsp;million recorded for the year ended December&nbsp;31, 2014, mainly as a result of the acquisition of Catalunya Banc, which represented 7.5 percentage points of the total increase in net fees and
commissions of this operating segment during the year. Excluding the effect of the acquisition of Catalunya Banc, there was a 3% increase driven, among other effects, by the 10%
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">year-on-year</FONT></FONT> increase in volume of mutual and pension funds that led to higher fees and commissions. </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:Times New Roman" ALIGN="center">132 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net gains (losses) on financial assets and liabilities and exchange differences (net)
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net) of this operating segment for the year ended
December&nbsp;31, 2015 was a gain of &#128;1,013&nbsp;million, a 11.9% decrease compared with the &#128;1,149&nbsp;million gain recorded for the year ended December&nbsp;31, 2014, mainly as a result of a decrease in gains from debt securities and
lower ALCO portfolio sales. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Other operating income and expenses (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other operating income and expenses (net) of this operating segment for the year ended December&nbsp;31, 2015 was operating income of
&#128;185&nbsp;million, a 1.9% decrease compared with the &#128;189&nbsp;million of operating income recorded for the year ended December&nbsp;31, 2014, mainly as a result of higher contributions to the local deposit guarantee fund as a result of
the acquisition of Catalunya Banc and the first contribution to the national resolution fund. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Administration costs </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Administration costs of this operating segment for the year ended December&nbsp;31, 2015 was an expense of &#128;3,078&nbsp;million, 12.5%
higher compared with the &#128;2,735&nbsp;million in expenses recorded for the year ended December&nbsp;31, 2014, substantially all of which was a result of the acquisition of Catalunya Banc. Excluding the effect of the acquisition of Catalunya
Banc, administration costs decreased 0.3%. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Impairment losses on financial assets (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Impairment losses on financial assets (net) of this operating segment for the year ended December&nbsp;31, 2015 was a loss of
&#128;1,332&nbsp;million, a 21.2% decrease compared with the &#128;1,690&nbsp;million recorded for the year ended December&nbsp;31, 2014, mainly as a result of the continued improvement of credit quality, the decrease of <FONT
STYLE="white-space:nowrap">non-performing</FONT> loans (excluding Catalunya Banc) and the lower deterioration of collateral value of the loans. This operating segment&#146;s <FONT STYLE="white-space:nowrap">non-performing</FONT> asset ratio
increased to 6.6% as of December&nbsp;31, 2015 from 6.0% as of December&nbsp;31, 2014 as a result of the acquisition of Catalunya Banc, offset in part by a decline in the <FONT STYLE="white-space:nowrap">non-performing</FONT> assets ratio in other
areas of this operating segment. Excluding the effect of the acquisition of Catalunya Banc, the ratio decreased to 5.6%. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Provisions
or (-) reversal of provisions </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Provisions of this operating segment for the year ended December&nbsp;31, 2015 totaled
&#128;478&nbsp;million, 23.3% lower compared with the &#128;623&nbsp;million provisions recorded for the year ended December&nbsp;31, 2014, mainly as a result of lower provisions for early retirements. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Operating profit/(loss) before tax </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, operating profit/(loss) before tax of this operating segment for the year ended December&nbsp;31, 2015 amounted
to &#128;1,548&nbsp;million of operating profit, a 21.7% increase compared with the &#128;1,272&nbsp;million of operating profit recorded for the year ended December&nbsp;31, 2014. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Tax expense or (-) income related to profit or loss from continuing operations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations of this operating segment for the year ended December&nbsp;31,
2015 was an expense of &#128;456&nbsp;million, a 21.9% increase compared with the &#128;374&nbsp;million expense recorded for the year ended December&nbsp;31, 2014, mainly as a result of the 21.7% increase in operating profit before tax. Such income
tax was levied at a 30% tax rate. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit attributable to parent company </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, profit attributable to parent company of this operating segment for the year ended December&nbsp;31, 2015
amounted to &#128;1,085&nbsp;million, a 21.4% increase compared with the &#128;894&nbsp;million recorded for the year ended December&nbsp;31, 2014. </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:Times New Roman" ALIGN="center">133 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>REAL ESTATE ACTIVITY IN SPAIN </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="75%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>71</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(34</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>n.m.&nbsp;<SUP STYLE="font-size:85%; vertical-align:top"></SUP></B></TD>
<TD NOWRAP VALIGN="bottom"><B><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net fees and commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(60.0</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.&nbsp;<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating income and expenses (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(105</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(180</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(51.7</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Gross income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(28</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(211</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(86.7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Administration costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(101</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(123</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(17.9</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(25</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(23</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net margin before provisions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(154</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(357</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(56.9</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on financial assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(179</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(297</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(39.7</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Provisions or (-) reversal of provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(383</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(621</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(38.3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Operating profit/(loss) before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(716</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,275</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(43.8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">221</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">386</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(42.7</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit from continuing operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(495</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(889</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(44.3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from corporate operations (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(495</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(889</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(44.3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.&nbsp;<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit attributable to parent company</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(496</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(889</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(44.3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Not meaningful. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net interest income </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net interest income of this operating segment for the year ended December&nbsp;31, 2015 amounted to net interest income of
&#128;71&nbsp;million, compared with the net interest expense of &#128;34&nbsp;million recorded for the year ended December&nbsp;31, 2014, mainly as a result of a decline in the cost of finance and higher financial income due to higher recovery of <FONT
STYLE="white-space:nowrap">written-off</FONT> assets. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net fees and commissions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net fees and commissions of this operating segment for the year ended December&nbsp;31, 2015 amounted to &#128;2&nbsp;million, a 60.0% decrease
compared with the &#128;5&nbsp;million recorded for the year ended December&nbsp;31, 2014. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net gains (losses) on financial assets
and liabilities and exchange differences (net) </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences
(net) of this operating segment for the year ended December&nbsp;31, 2015 was a gain of &#128;4&nbsp;million, compared with the &#128;2&nbsp;million loss recorded for the year ended December&nbsp;31, 2014, mainly as a result of portfolio sales. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Other operating income and expenses (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other operating income and expenses (net) of this operating segment for the year ended December&nbsp;31, 2015 was an operating expense of
&#128;105&nbsp;million, compared with the &#128;180&nbsp;million expense recorded for the year ended December&nbsp;31, 2014, mainly as a result of higher capital gains from sales of real estate assets. In 2015 the demand for residential real estate
assets increased in an environment of slightly rising prices. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Administration costs </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Administration costs of this operating segment for the year ended December&nbsp;31, 2015 was an expense of &#128;101&nbsp;million, 17.9% lower
compared with the &#128;123&nbsp;million expense recorded for the year ended December&nbsp;31, 2014, mainly as a result of a 18.8% decrease in personnel expenses due to the transfer of some workforce to the Banking Activity in Spain segment and a
9.3% decrease in other administrative expenses. </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:Times New Roman" ALIGN="center">134 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Impairment losses on financial assets (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Impairment losses on financial assets (net) of this operating segment for the year ended December&nbsp;31, 2015 was &#128;179&nbsp;million, a
39.7% decrease compared with the &#128;297&nbsp;million recorded for the year ended December&nbsp;31, 2014, mainly as a result of higher recovery of <FONT STYLE="white-space:nowrap">written-off</FONT> assets as well as lower losses from real estate
asset collateral. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Provisions or (-) reversal of provisions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Provisions of this operating segment for the year ended December&nbsp;31, 2015 totaled &#128;383&nbsp;million, compared with the
&#128;621&nbsp;million provisions recorded for the year ended December&nbsp;31, 2014, mainly as a result of a decrease in foreclosed assets write-downs and foreclosed additions. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Operating profit/(loss) before tax </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, the operating profit/(loss) before tax of this operating segment for the year ended December&nbsp;31, 2015 was a
loss of &#128;716&nbsp;million, a 43.8% decrease compared with the &#128;1,275&nbsp;million loss recorded for the year ended December&nbsp;31, 2014. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Tax expense or (-) income related to profit or loss from continuing operations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations of this operating segment for the year ended December&nbsp;31,
2015 amounted to a gain of &#128;221&nbsp;million, a 42.7% decrease compared with the &#128;386&nbsp;million gain recorded for the year ended December&nbsp;31, 2014, mainly as a result of the 43.8% decrease of the operating loss before tax. Such
income tax was levied at a 30% tax rate. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit attributable to parent company </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, profit attributable to parent company of this operating segment for the year ended December&nbsp;31, 2015 was a
loss of &#128;496&nbsp;million, compared with the &#128;889&nbsp;million loss recorded for the year ended December&nbsp;31, 2014. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>TURKEY </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">From July 2015 to
March 2017, we held 39.90% of Garanti&#146;s share capital and we fully consolidated Garanti&#146;s results in our consolidated financial statements. Information for 2014 and, with respect to 2015, information from January&nbsp;1 through
June&nbsp;30 has been calculated and is presented under management criteria according to which the assets, liabilities and income statement of Garanti are included in every line item of the balance sheet and the income statement based on our 25.01%
interest in Garanti until July 2015. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On March&nbsp;22, 2017, we completed the acquisition of an additional 9.95% stake in Garanti. See
<I>&#147;Item 4. Information on the Company&#151;History and Development of the Company&#151;Capital expenditures&#151;2017.&#148;</I> </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="75%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,194</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>735</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>198.5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net fees and commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">471</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">191</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">146.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(273</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.&nbsp;<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating income and expenses (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">133.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Gross income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,434</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>944</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>157.8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Administration costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,043</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(359</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">190.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(118</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(35</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">237.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net margin before provisions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,273</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>550</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>131.5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on financial assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(422</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(146</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">189.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Provisions or (-) reversal of provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.&nbsp;<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Operating profit/(loss) before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>853</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>392</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>117.6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(166</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(82</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">102.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit from continuing operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>687</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>310</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>121.6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from corporate operations (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>687</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>310</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>121.2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(316</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.&nbsp;<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit attributable to parent company</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>371</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>310</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>19.7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Not meaningful. </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:Times New Roman" ALIGN="center">135 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As indicated above, during the year ended December&nbsp;31, 2015, Garanti was fully consolidated
by us following the acquisition of an additional 14.89% stake in Garanti in July 2015. Such consolidation affects the comparability of our results for the periods discussed herein for all the accounting lines items of the income statement.
Additionally the TL depreciated 4.1% against the euro in average terms during 2015, resulting in a negative exchange rate effect on our income statement. See <I>&#147;&#151;</I><I></I><I>Factors Affecting the Comparability of our Results of
Operations and Financial Condition&#148;.</I> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In order to present certain
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">year-on-year</FONT></FONT> variations on a more comparable basis, we have presented below certain adjusted variations which exclude the impact of the acquisition of the additional
14.89% stake in Garanti and the change in the consolidation method of Garanti. In order to exclude such impact we have consolidated Garanti&#146;s results in 2015 based on our prior stake (25.01%) and in accordance with management criteria (pursuant
to which Garanti&#146;s information has been proportionally consolidated based on such stake in Garanti). These adjusted variations are referred to below as variations &#147;excluding the effect of the acquisition of the additional stake in Garanti
and the resulting change in the consolidation method of Garanti. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net interest income </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net interest income of this operating segment for the year ended December&nbsp;31, 2015 amounted to &#128;2,194&nbsp;million, a 198.5% increase
compared with the &#128;735&nbsp;million recorded for the year ended December&nbsp;31, 2014, as a result of the change in the consolidation method of Garanti. Excluding the effect of the acquisition of the additional stake in Garanti and the
resulting change in the consolidation method of Garanti, there was a 15.7% increase mainly as a result of increased volumes of loans resulting from new loan production in most portfolios especially mortgage loans and loans to the energy sector and
service sector. Such increase was partially offset by the depreciation of the TL <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">year-on-year.</FONT></FONT> </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net fees and commissions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net fees and commissions of this operating segment for the year ended December&nbsp;31, 2015 amounted to &#128;471&nbsp;million, a 146.6%
increase compared with the &#128;191&nbsp;million recorded for the year ended December&nbsp;31, 2014, mainly as a result of the resulting change in the consolidation method of Garanti. Excluding the effect of the acquisition of the additional stake
in Garanti and the resulting change in the consolidation method of Garanti, there was a 1.8% decrease mainly due to the depreciation of the TL <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">year-on-year.</FONT></FONT> </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net gains (losses) on financial assets and liabilities and exchange differences (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net) of this operating segment for the year ended
December&nbsp;31, 2015 was a loss of &#128;273&nbsp;million, compared with the &#128;1&nbsp;million gain recorded for the year ended December&nbsp;31, 2014, mainly as a result of trading losses resulting from derivative transactions affected by
volatility in the wholesale financial markets particularly in the last quarter of 2015. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Other operating income and expenses (net)
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other operating income and expenses (net) of this operating segment for the year ended December&nbsp;31, 2015 was operating income
of &#128;42&nbsp;million compared with the &#128;18&nbsp;million of operating income recorded for the year ended December 31, 2014, mainly as a result of the resulting change in the consolidation method of Garanti. Excluding the effect of the
acquisition of the additional stake in Garanti and the resulting change in the consolidation method of Garanti, there was a 4.7% decrease due to the negative exchange rate effect. </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:Times New Roman" ALIGN="center">136 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Administration costs </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Administration costs of this operating segment for the year ended December&nbsp;31, 2015 was an expense of &#128;1,043&nbsp;million compared
with the &#128;359&nbsp;million recorded for the year ended December&nbsp;31, 2014, mainly as a result of the resulting change in the consolidation method of Garanti. Excluding the effect of the acquisition of the additional stake in Garanti and the
resulting change in the consolidation method of Garanti, there was a 2.6% increase due to the impact of high inflation rates (8.8% as of December 2015 and 8.2% as of December 2014) partially offset by the effect of the depreciation of the TL and the
effect of the depreciation of the TL for costs denominated in other currencies. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Impairment losses on financial assets (net)
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Impairment losses on financial assets (net) of this operating segment for the year ended December&nbsp;31, 2015 was a loss of
&#128;422&nbsp;million compared with the &#128;146&nbsp;million loss recorded for the year ended December&nbsp;31, 2014, mainly as a result of the resulting change in the consolidation method of Garanti. Excluding the effect acquisition of the
additional stake in Garanti and the resulting change in the consolidation method of Garanti, there was a 6.5% increase, in line with the growth of the activity during the year. This operating segment&#146;s
<FONT STYLE="white-space:nowrap">non-performing</FONT> asset ratio was 2.8% as of December&nbsp;31, 2015 and December&nbsp;31, 2014. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Operating profit/(loss) before tax </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, operating profit/(loss) before tax of this operating segment for the year ended December&nbsp;31, 2015 amounted
to operating profit of &#128;853&nbsp;million compared with the &#128;392&nbsp;million recorded for the year ended December&nbsp;31, 2014. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Tax expense or (-) income related to profit or loss from continuing operations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations of this operating segment for the year ended December&nbsp;31,
2015 was an expense of &#128;166&nbsp;million compared with the &#128;82&nbsp;million expense recorded for the year ended December&nbsp;31, 2014, mainly as a result of the above mentioned change in the consolidation method of Garanti and the
resulting increase in operating profit before tax. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit attributable to parent company </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, profit attributable to parent company of this operating segment for the year ended December&nbsp;31, 2015
amounted to &#128;371&nbsp;million, a 19.7% increase compared with the &#128;310&nbsp;million recorded for the year ended December&nbsp;31, 2014. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>REST
OF EURASIA </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>183</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>189</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(2.9</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net fees and commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">170</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">187</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9.2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">150</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(16.5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other operating income and expenses (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">209</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.&nbsp;<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Gross income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>473</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>736</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(35.8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Administration costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(337</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(331</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(15</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net margin before provisions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>121</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>393</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(69.2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on financial assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(56</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(93.3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Provisions or (-) reversal of provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(16</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(61.8</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Operating profit/(loss) before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>111</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>320</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(65.4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(35</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(65</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(45.8</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit from continuing operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>75</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>255</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(70.4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from corporate operations (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>75</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>255</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(70.4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit attributable to parent company</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>75</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>255</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(70.4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Not meaningful. </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:Times New Roman" ALIGN="center">137 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net interest income </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net interest income of this operating segment for the year ended December&nbsp;31, 2015 amounted to &#128;183&nbsp;million, a 2.9% decrease
compared with the &#128;189&nbsp;million recorded for the year ended December&nbsp;31, 2014, mainly as a result of narrowing spreads for new lending transactions, particularly in the wholesale business during 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net fees and commissions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net fees and commissions of this operating segment for the year ended December&nbsp;31, 2015 amounted to &#128;170&nbsp;million, a 9.2%
decrease compared with the &#128;187&nbsp;million recorded for the year ended December&nbsp;31, 2014, mainly as a result of the lower volume of transactions and reduced fee generation in other service fees from Corporate Investment Banking in
Europe. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net gains (losses) on financial assets and liabilities and exchange differences (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net) of this operating segment for the year ended
December&nbsp;31, 2015 was a gain of &#128;125&nbsp;million, a 16.5% decrease compared with the &#128;150&nbsp;million gain recorded for the year ended December&nbsp;31, 2014, mainly as a result of the lower contribution from trading income. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Other operating income and expenses (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other operating income and expenses (net) of this operating segment for the year ended December&nbsp;31, 2015 was an expense of
&#128;6&nbsp;million, compared with the &#128;209&nbsp;million gain recorded for the year ended December&nbsp;31, 2014 relating to dividends from CNCB. In 2015, CNCB distributed no dividends. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Administration costs </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Administration costs of this operating segment for the year ended December&nbsp;31, 2015 were &#128;337&nbsp;million, a 1.7% increase compared
with the &#128;331&nbsp;million recorded for the year ended December&nbsp;31, 2014, mostly as a result of the exchange rate effect. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Impairment losses on financial assets (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Impairment losses on financial assets (net) of this operating segment for the year ended December&nbsp;31, 2015 resulted in a loss of
&#128;4&nbsp;million, a 93.3% decrease compared with the &#128;56&nbsp;million loss recorded for the year ended December&nbsp;31, 2014, mainly as a result of lower impairment losses in Portugal related to mortgage loans. This operating
segment&#146;s <FONT STYLE="white-space:nowrap">non-performing</FONT> asset ratio decreased to 2.5% as of December&nbsp;31, 2015, from 3.7% as of December&nbsp;31, 2014. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Operating profit/(loss) before tax </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, the operating profit/(loss) before tax of this operating segment for the year ended December&nbsp;31, 2015
amounted to operating profit of &#128;111&nbsp;million, a 65.4% decrease compared with the &#128;320&nbsp;million of operating profit recorded for the year ended December&nbsp;31, 2014. </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:Times New Roman" ALIGN="center">138 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Tax expense or (-) income related to profit or loss from continuing operations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations of this operating segment for the year ended December&nbsp;31,
2015 was an expense of &#128;35&nbsp;million, a 45.8% decrease compared with the &#128;65&nbsp;million expense recorded for the year ended December&nbsp;31, 2014, mainly as a result of the decrease in operating profit before tax. Such income tax was
levied at a 10% tax rate. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit attributable to parent company </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, profit attributable to parent company of this operating segment for the year ended December&nbsp;31, 2015
amounted to &#128;76&nbsp;million, a 70.4% decrease compared with the &#128;255&nbsp;million recorded for the year ended December&nbsp;31, 2014. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>MEXICO </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In&nbsp;Millions&nbsp;of&nbsp;Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,387</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,906</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>9.8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net fees and commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,223</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,166</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">198</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">195</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating income and expenses (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">273</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">246</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Gross income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>7,081</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,513</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8.7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Administration costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,403</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,226</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(219</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(187</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net margin before provisions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,459</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,100</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8.7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on financial assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,633</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,517</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Provisions or (-) reversal of provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(53</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(75</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(29.3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Operating profit/(loss) before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,772</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,508</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10.5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(678</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(607</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit from continuing operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,094</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,900</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10.2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from corporate operations (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,094</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,900</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10.2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit attributable to parent company</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,094</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,903</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10.0</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In 2015, the Mexican peso appreciated 0.3% against the euro in average terms, resulting in a positive exchange
rate effect on our income statement for the year ended December&nbsp;31, 2015 See <I>&#147;&#151;</I><I></I><I>Factors Affecting the Comparability of our Results of Operations and Financial Condition&#148;.</I> </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net interest income </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net interest income of this operating segment for the year ended December&nbsp;31, 2015 amounted to &#128;5,387&nbsp;million, a 9.8% increase
compared with the &#128;4,906&nbsp;million recorded for the year ended December&nbsp;31, 2014, mainly as a result of the growth in activity, particularly growth in loans and advances to customers which generated &#128;665&nbsp;million of net
interest income during 2015, partially offset by narrower spreads. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net fees and commissions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net fees and commissions of this operating segment for the year ended December&nbsp;31, 2015 amounted to &#128;1,223&nbsp;million, a 4.9%
increase compared with the &#128;1,166&nbsp;million recorded for the year ended December&nbsp;31, 2014, mainly as a result of higher revenues from transfers and other payment orders and from credit and debit cards mainly due to the improvement in
domestic demand. </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:Times New Roman" ALIGN="center">139 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net gains (losses) on financial assets and liabilities and exchange differences (net)
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net) of this operating segment for the year ended
December&nbsp;31, 2015 was a gain of &#128;198&nbsp;million, a 1.5% increase compared with the &#128;195&nbsp;million gain recorded for the year ended December&nbsp;31, 2014, mainly as a result of the impact of the appreciation of the Mexican peso
in the net exchange differences partially offset by a lower contribution from trading income. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Other operating income and expenses
(net) </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other operating income and expenses (net) of this operating segment for the year ended December&nbsp;31, 2015 was operating
income of &#128;273&nbsp;million, a 11.0% increase compared with the &#128;246&nbsp;million of other operating income recorded for the year ended December&nbsp;31, 2014, mainly as a result of an 11.3% increase in income on insurance and reinsurance
contracts partially offset by higher contributions to the deposit guarantee fund due to the larger liability volume. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Administration
costs </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Administration costs of this operating segment for the year ended December&nbsp;31, 2015 were &#128;2,403&nbsp;million, a
7.9% increase compared with the &#128;2,226&nbsp;million recorded for the year ended December&nbsp;31, 2014, mainly as a result of the construction of new headquarters (in particular, the Bancomer tower which was inaugurated in February 2016), which
was adversely affected by the depreciation of the Mexican peso against the U.S. dollar, the implementation of a project pursuing branch improvements and the addition of 392 employees during 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Impairment losses on financial assets (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Impairment losses on financial assets (net) of this operating segment for the year ended December&nbsp;31, 2015 resulted in a loss of
&#128;1,633&nbsp;million, a 7.6% increase compared with the &#128;1,517&nbsp;million loss recorded for the year ended December&nbsp;31, 2014, mainly as a result of the 11.3% increase registered in the loan portfolio and the 1.9% decrease in <FONT
STYLE="white-space:nowrap">non-performing</FONT> assets. Additionally, there was a positive exchange rate effect of 0.3%. This operating segment&#146;s <FONT STYLE="white-space:nowrap">non-performing</FONT> asset ratio decreased to 2.6% as of
December&nbsp;31, 2015, from 2.9% as of December&nbsp;31, 2014. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Provisions or (-) reversal of provisions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Provisions in this operating segment for 2015 totaled &#128;53&nbsp;million compared with the &#128;75&nbsp;million provisions recorded for
2014, mainly due to lower provisions for early retirements. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Operating profit/(loss) before tax </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, the operating profit before tax of this operating segment for the year ended December&nbsp;31, 2015 amounted to
&#128;2,772&nbsp;million, a 10.5% increase compared with the &#128;2,508&nbsp;million recorded for the year ended December&nbsp;31, 2014. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Tax expense or (-) income related to profit or loss from continuing operations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations of this operating segment for the year ended December&nbsp;31,
2015 was an expense of &#128;678&nbsp;million, a 11.7% increase compared with the &#128;607&nbsp;million recorded for the year ended December&nbsp;31, 2014, mainly as a result of the increase in the operating profit before tax. Such income tax was
levied at a 30% tax rate. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit attributable to parent company </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, profit attributable to parent company of this operating segment for the year ended December&nbsp;31, 2015
amounted to &#128;2,094&nbsp;million, a 10.0% increase compared with the &#128;1,903&nbsp;million recorded for the year ended December&nbsp;31, 2014. </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:Times New Roman" ALIGN="center">140 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SOUTH AMERICA </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In&nbsp;Millions&nbsp;of&nbsp;Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,202</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,699</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(31.8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net fees and commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">718</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">901</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(20.4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">595</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">482</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating income and expenses (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(38</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(890</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(95.7</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Gross income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,477</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5,191</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(13.8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Administration costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,875</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,137</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12.3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(104</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(179</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(41.9</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net margin before provisions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,498</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,875</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(13.1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on financial assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(614</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(706</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13.1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Provisions or (-) reversal of provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(71</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(219</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(67.6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Operating profit/(loss) before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,814</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,951</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(7.0</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(565</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(490</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit from continuing operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,248</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,461</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(14.5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from corporate operations (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,248</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,461</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(14.5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(343</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(460</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(25.4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit attributable to parent company</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>905</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,001</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(9.6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In the year ended December&nbsp;31, 2015 the Group used the estimated exchange rate of 469 Venezuelan bolivars per euro, See
<I>&#147;Presentation of Financial Information&#151;Venezuela&#148;</I>. Additionally, the Colombian peso depreciated in average terms against the euro compared with the year ended December&nbsp;31, 2014. Such depreciation more than offset the
period-average appreciation of other currencies in the region and resulted in a negative impact on the results of operations of the South America operating segment for the year ended December&nbsp;31, 2015 expressed in euro. See
<I>&#147;&#151;</I><I></I><I>Factors Affecting the Comparability of our Results of Operations and Financial Condition&#148;</I>. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net interest income </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net interest income of this operating segment for the year ended December&nbsp;31, 2015 amounted to &#128;3,202&nbsp;million, a 31.8% decrease
compared with the &#128;4,699&nbsp;million recorded for the year ended December&nbsp;31, 2014, mainly as a result of the impact of the depreciation of the Venezuelan bolivar and, to a lesser extent, the Colombian peso. Excluding the impact of the
depreciation of the Venezuelan bolivar and the Colombian peso, net interest income increased by 13.0% as a result of increased volumes due to new loan production in most portfolios and countries, particularly in Argentina. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net fees and commissions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net fees and commissions of this operating segment for the year ended December&nbsp;31, 2015 amounted to &#128;718&nbsp;million, a 20.4%
decrease compared with the &#128;901&nbsp;million recorded for the year ended December&nbsp;31, 2014, mainly as a result of the impact of the depreciation of the Venezuelan bolivar and, to a lesser extent, the Colombian peso. Excluding the impact of
the depreciation of the Venezuelan bolivar and the Colombian peso, there was a 14.8% increase as a result of higher revenues particularly in Argentina, where fees and commissions related to transfers and other payment orders increased by 31.2%, fees
and commissions related to credit and debit cards increased by 29.4% and fees and commissions related to custody securities increased by 18.7%, as well as in Peru where fees and commissions related to securities management and custody increased by
20%. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net gains (losses) on financial assets and liabilities and exchange differences (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net) of this operating segment for the year ended
December&nbsp;31, 2015 was a gain of &#128;595&nbsp;million, a 23.5% increase compared with the &#128;482&nbsp;million gain recorded for the year ended December&nbsp;31, 2014, mainly as a result of the impact of the exchange differences and capital
gains derived from U.S. dollar positions in Venezuela and Peru, which was partially offset by trading losses in Peru due to derivative transactions affected by volatility in the wholesale financial markets. </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:Times New Roman" ALIGN="center">141 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Other operating income and expenses (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other operating income and expenses (net) of this operating segment for the year ended December&nbsp;31, 2015 was an operating expense of
&#128;38&nbsp;million, compared with the &#128;890&nbsp;million of operating expenses recorded for the year ended December&nbsp;31, 2014 mainly as a result of the adjustment for hyperinflation in Venezuela. Additionally, in 2015 there were
contributions of &#128;41 additional million to the deposit guarantee fund due to a larger volume of liabilities especially in Argentina, offset by a &#128;49&nbsp;million increase in income derived from insurance and reinsurance contracts mainly in
Argentina and, to a lesser extent, in Chile and Colombia. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Administration costs </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Administration costs of this operating segment for the year ended December&nbsp;31, 2015 were &#128;1,875&nbsp;million, a 12.3% decrease
compared with the &#128;2,137&nbsp;million recorded for the year ended December&nbsp;31, 2014, mainly as a result of the impact of the depreciation of the Venezuelan bolivar and the Colombian peso. Excluding the impact of the depreciation of the
Venezuelan bolivar and the Colombian peso, there was a 15.2% increase mainly due to Argentina, which accounted for nearly two thirds of the increase, and Venezuela. In Argentina there was a 31.7% increase in administration costs, in line with the
estimated inflation rate as of December 2015 (approximately 30%). In Venezuela, the estimated inflation rate as of December 2015 was approximately 170%. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Impairment losses on financial assets (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Impairment losses on financial assets (net) of this operating segment for the year ended December&nbsp;31, 2015 were &#128;614&nbsp;million, a
13.1% decrease compared with the &#128;706&nbsp;million loss recorded for the year ended December&nbsp;31, 2014, mainly as a result of the impact of the depreciation of the Venezuelan bolivar and, to a lesser extent, the Colombian peso. Excluding
this effect, there was a 27.8% increase, with all countries showing a similar evolution, mainly as a result of the 16.6% increase registered in the loan portfolio, particularly loans to enterprises and credit cards and consumer finance loans mainly
in Argentina and Colombia. This operating segment&#146;s <FONT STYLE="white-space:nowrap">non-performing</FONT> asset ratio increased to 2.3% as of December&nbsp;31, 2015, from 2.1% as of December&nbsp;31, 2014. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Provisions or (-) reversal of provisions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Provisions in this operating segment for the year ended December&nbsp;31, 2015 totaled &#128;71&nbsp;million, compared with the
&#128;219&nbsp;million provisions recorded for the year ended December&nbsp;31, 2014, mainly as a result of the impact of the depreciation of the Venezuelan bolivar and, to a lesser extent, the Colombian peso. Additionally, provisions for early
retirement decreased by &#128;25&nbsp;million in Argentina and in Chile legal contingencies decreased by &#128;52&nbsp;million. Such legal contingencies were related to Corredora de Bolsa and had been recorded in 2014. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Operating profit/(loss) before tax </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, the operating profit/(loss) before tax of this operating segment for the year ended December&nbsp;31, 2015
amounted to operating profit of &#128;1,814&nbsp;million, a 7.0% decrease compared with the &#128;1,951&nbsp;million of operating profit recorded for the year ended December&nbsp;31, 2014. Excluding the impact of the depreciation of the Venezuelan
bolivar and the Colombian peso, operating profit increased by 14.9%. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Tax expense or (-) income related to profit or loss from
continuing operations </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations of this operating segment for
the year ended December&nbsp;31, 2015 was an expense of &#128;565&nbsp;million, a 15.4% increase compared with the &#128;490&nbsp;million recorded for the year ended December&nbsp;31, 2014, mainly as a result of the increased operating profit before
tax in certain regions, particularly Argentina, and the tax credit recorded in Chile in 2014, following the revision of our deferred tax assets and liabilities in such country per the new tax rate. These effects were partially offset by the impact
of the depreciation of the Venezuelan bolivar and, to a lesser extent, the Colombian peso. </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:Times New Roman" ALIGN="center">142 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit attributable to parent company </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, profit attributable to parent company of this operating segment for the year ended December&nbsp;31, 2015
amounted to &#128;905&nbsp;million, a 9.6% decrease compared with the &#128;1,001&nbsp;million recorded for the year ended December&nbsp;31, 2014. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>UNITED STATES </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In&nbsp;Millions&nbsp;of&nbsp;Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,811</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,443</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>25.5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net fees and commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">616</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">553</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">186</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">145</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating income and expenses (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.&nbsp;<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Gross income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,631</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,137</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>23.1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Administration costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,602</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,318</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(204</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(179</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net margin before provisions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>825</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>640</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>28.9</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on financial assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(142</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(68</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">108.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Provisions or (-) reversal of provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;<BR><SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD VALIGN="bottom" ALIGN="right">n.m.<BR><SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;<BR><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Operating profit/(loss) before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>685</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>561</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>22.1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(168</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(133</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit from continuing operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>517</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>428</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>20.8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from corporate operations (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>517</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>428</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>20.8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit attributable to parent company</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>517</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>428</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>20.8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Not meaningful. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In 2015 the U.S. dollar appreciated 16.5% against the euro on average terms,
resulting in a positive exchange rate effect on our income statement. See <I>&#147;&#151;</I><I></I><I>Factors Affecting the Comparability of our Results of Operations and Financial Condition&#148;</I>. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net interest income </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net interest income of this operating segment for the year ended December&nbsp;31, 2015 amounted to &#128;1,811&nbsp;million, a 25.5% increase
compared with the &#128;1,443&nbsp;million recorded for the year ended December&nbsp;31, 2014, mainly as a result of the impact of the appreciation of the U.S. dollar. Excluding the impact of the appreciation of the U.S. dollar, there was a 4.9%
increase as a result of growth in activity, especially in loans and advances to customers partially offset by a negative price effect as a result of the narrow spreads. On December&nbsp;16, 2015 the Federal Reserve approved a 25 basis points
interest rate increase, the first since June 2006. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net fees and commissions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net fees and commissions of this operating segment for the year ended December&nbsp;31, 2015 amounted to &#128;616&nbsp;million, a 11.2%
increase compared with the &#128;553&nbsp;million recorded for the year ended December&nbsp;31, 2014, mainly as a result of the impact of the appreciation of the U.S. dollar. Excluding the impact of the appreciation of the U.S. dollar, there was a
6.9% decrease due to lower revenues from securities services (11.2% decrease) and from credit and debit cards (8.2% decrease). </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:Times New Roman" ALIGN="center">143 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net gains (losses) on financial assets and liabilities and exchange differences (net)
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net) of this operating segment for the year ended
December&nbsp;31, 2015 was a gain of &#128;186&nbsp;million, a 28.3% increase compared with the &#128;145&nbsp;million gain recorded for the year ended December&nbsp;31, 2014, mainly as a result of the impact of the exchange rate and higher
contribution from trading income due to the sale of ALCO portfolios. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Other operating income and expenses (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other operating income and expenses (net) of this operating segment for the year ended December&nbsp;31, 2015 was operating income of
&#128;18&nbsp;million, compared with the &#128;4&nbsp;million operating expense recorded for the year ended December&nbsp;31, 2014, mainly as a result of the impact of the appreciation of the U.S. dollar and the sale of Capital Investment Counsel
Inc. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Administration costs </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Administration costs of this operating segment for the year ended December&nbsp;31, 2015 was an expense of &#128;1,602&nbsp;million, a 21.5%
increase compared with the &#128;1,318&nbsp;million expense recorded for the year ended December&nbsp;31, 2014, mainly as a result of the impact of the appreciation of the U.S. dollar. Excluding the impact of the appreciation of the U.S. dollar,
there was a 1.7% increase, higher than the 0.73% inflation rate for 2015, mainly as a result of an increase in marketing expenses, equipment expenses and, to a lesser extent, in wages and salaries. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Impairment losses on financial assets (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Impairment losses on financial assets (net) of this operating segment for the year ended December&nbsp;31, 2015 was a loss of
&#128;142&nbsp;million, a 108.8% increase compared with the &#128;68&nbsp;million loss recorded for the year ended December&nbsp;31, 2014, mainly as a result of increased impaired financial assets, particularly in the commercial portfolio in the oil
and gas sector after the fall in oil prices. Additionally, impairment losses on financial assets (net) were negatively affected by the appreciation of the U.S. dollar. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Operating profit/(loss) before tax </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, the operating profit/(loss) before tax of this operating segment for the year ended December&nbsp;31, 2015
amounted to &#128;685&nbsp;million of operating profit, a 22.1% increase compared with the &#128;561&nbsp;million of operating profit recorded for the year ended December&nbsp;31, 2014. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Tax expense or (-) income related to profit or loss from continuing operations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations of this operating segment for the year ended December&nbsp;31,
2015 was an expense of &#128;168&nbsp;million, a 26.3% increase compared with the &#128;133&nbsp;million recorded for the year ended December&nbsp;31, 2014, mainly as a result of the 22.1% increase in the operating profit before tax. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit attributable to parent company </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, profit attributable to parent company of this operating segment for the year ended December&nbsp;31, 2015
amounted to &#128;517&nbsp;million, a 20.8% increase compared with the &#128;428&nbsp;million recorded for the year ended December&nbsp;31, 2014. </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:Times New Roman" ALIGN="center">144 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>CORPORATE CENTER </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;Ended&nbsp;December&nbsp;31,</B></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In&nbsp;Millions&nbsp;of&nbsp;Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(In %)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net interest income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(424</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(651</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(34.8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net fees and commissions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(100</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(91</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">161</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.&nbsp;<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other operating income and expenses (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">172</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">153</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Gross income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(192</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(575</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(66.6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Administration costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(589</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(541</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(237</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(264</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10.2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Net margin before provisions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,017</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,380</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(26.3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Impairment losses on financial assets (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">225.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Provisions or (-) reversal of provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(157</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(282</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(44.4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Operating profit/(loss) before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,187</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,666</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(28.7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">407</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">384</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit from continuing operations</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(781</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,282</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(39.0</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit from corporate operations (net)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,109</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.&nbsp;<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,890</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,282</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>47.4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Profit attributable to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(19</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n.m.&nbsp;<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Profit attributable to parent company</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,910</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,285</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>48.6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Not meaningful. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net interest income </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net interest income of this operating segment for the year ended December&nbsp;31, 2015 was a loss of &#128;424&nbsp;million, compared with the
&#128;651&nbsp;million loss recorded for the year ended December&nbsp;31, 2014. This 34.8% decrease was mainly attributable to the decrease in interest rates which reduced the cost of some preferred securities issued by Unnim. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net fees and commissions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net fees and commissions of this operating segment for the year ended December&nbsp;31, 2015 was a loss of &#128;100&nbsp;million, compared
with the &#128;91&nbsp;million loss recorded for the year ended December&nbsp;31, 2014. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Net gains (losses) on financial assets and
liabilities and exchange differences (net) </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Net gains (losses) on financial assets and liabilities and exchange differences (net)
of this operating segment for the year ended December&nbsp;31, 2015 was a gain of &#128;161&nbsp;million, compared with the &#128;14&nbsp;million gain recorded for the year ended December&nbsp;31, 2014, mainly as a result of gains derived from the
hedging activity (mainly related to the Swiss franc and the Chilean peso). </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Other operating income and expenses (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other operating income and expenses (net) of this operating segment for the year ended December&nbsp;31, 2015 was operating income of
&#128;172&nbsp;million, a 12.4% increase compared with the &#128;153&nbsp;million of operating income recorded for the year ended December&nbsp;31, 2014, mainly as a result of a positive share of profit of entities accounted for using the equity
method compared with the &#128;34&nbsp;million loss in 2014 and an increase of the dividends received from Telef&oacute;nica (which amounted to &#128;27&nbsp;million in 2015 compared with &#128;25&nbsp;million in 2014). </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Administration costs </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Administration costs of this operating segment for the year ended December&nbsp;31, 2015 were &#128;589&nbsp;million, an 8.9% increase compared
with the &#128;541&nbsp;million recorded for the year ended December&nbsp;31, 2014, mainly as a result of higher restructuring costs and early retirement expenses. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Impairment losses on financial assets (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Impairment losses on financial assets (net) of this operating segment for the year ended December&nbsp;31, 2015 resulted in a loss of
&#128;13&nbsp;million, compared with the &#128;4&nbsp;million recorded for the year ended December&nbsp;31, 2014. </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:Times New Roman" ALIGN="center">145 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Provisions or (-) reversal of provisions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Provisions in this operating segment for the year ended December&nbsp;31, 2015 totaled &#128;157&nbsp;million, compared with the
&#128;282&nbsp;million provisions recorded for the year ended December&nbsp;31, 2014, mainly as a result of lower provisions for early retirements. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Operating profit/(loss) before tax </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, the operating profit/(loss) before tax of this operating segment for the year ended December&nbsp;31, 2015 was a
loss of &#128;1,187&nbsp;million, compared with the &#128;1,666&nbsp;million loss recorded for the year ended December&nbsp;31, 2014. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Tax expense or (-) income related to profit or loss from continuing operations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Tax expense or (-) income related to profit or loss from continuing operations for the year ended December&nbsp;31, 2015 amounted to
&#128;407&nbsp;million of income, compared with the &#128;384&nbsp;million of income recorded for the year ended December&nbsp;31, 2014. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit from corporate operations (net) </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Profit from corporate operations (net) of this operating segment for the year ended December&nbsp;31, 2015 was a loss of
&#128;1,109&nbsp;million, compared with no gain or loss for 2014. This loss was mainly the result of the fair value measurement of the stake we already held in Garanti at the time we acquired our additional 14.89% stake in Garanti, which we had to
make as a result of the purchase of an additional stake in Garanti and the resulting change in its consolidation method, which resulted in a &#128;1,840&nbsp;million loss, partially offset by the &#128;705&nbsp;million capital gains from the sale of
the 6.34% stake in CNCB. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Profit attributable to parent company </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the foregoing, profit attributable to parent company of this operating segment for the year ended December&nbsp;31, 2015 was a
loss of &#128;1,910&nbsp;million, compared with the &#128;1,285&nbsp;million loss recorded for the year ended December&nbsp;
31, 2014. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_23"></A>B. Liquidity and Capital Resources </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Liquidity risk management and controls are explained in Note 7.5.1 to the Consolidated Financial Statements. In addition, information on
encumbered assets is provided in Note 7.5.2 to the Consolidated Financial Statements. For information concerning our short-term borrowing, see <I>&#147;Item 4. Information on the Company&#151;Selected Statistical
Information&#151;Liabilities&#151;Short-term Borrowings&#148;.</I> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Liquidity and finance management of the BBVA Group&#146;s balance
sheet seeks to fund the growth of the banking business at suitable maturities and costs, using a wide range of instruments that provide access to a large number of alternative sources of finance. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A core principle in the BBVA Group&#146;s liquidity and finance management is the financial independence of its banking subsidiaries. This
aims to ensure that the cost of liquidity is correctly reflected in price formation. Accordingly, we maintain a liquidity pool at an individual entity level at each of Banco Bilbao Vizcaya Argentaria, S.A. and our banking subsidiaries, including
BBVA Compass, BBVA Bancomer, Garanti and our Latin American subsidiaries. </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:Times New Roman" ALIGN="center">146 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The table below shows the composition of the liquidity pool of Banco Bilbao Vizcaya Argentaria,
S.A. and each of our significant subsidiaries as of December&nbsp;31, 2016: </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:10pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>BBVA<BR>Eurozone&nbsp;<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>BBVA<BR>Bancomer</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>BBVA<BR>Compass</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Garanti</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Others</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(In Millions of Euros)</B></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 BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Cash and balances with central banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,038</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,221</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,495</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,758</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,504</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Assets for credit operations with central banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,706</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,175</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,865</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,935</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,060</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Central governments issues</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,702</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,964</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,084</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,935</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,985</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Of Which: Spanish government securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,353</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other issues</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,005</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,212</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,991</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Loans</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,790</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other <FONT STYLE="white-space:nowrap">non-eligible</FONT> liquid assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,884</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">938</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">662</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,478</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">883</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Accumulated available balance</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>73,629</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>13,335</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>29,022</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11,171</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11,447</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Average balance <SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>68,322</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>13,104</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>27,610</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>12,871</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11,523</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Includes Banco Bilbao Vizcaya Argentaria, S.A. and Banco Bilbao Vizcaya Argentaria (Portugal), S.A. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Average balance for the year ended December&nbsp;31, 2016, based on the beginning and the <FONT STYLE="white-space:nowrap">day-end</FONT> balances during each period.
</TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Management of liquidity and structural finance within the BBVA Group is based on the principle of the financial autonomy of
the entities that make it up. This approach helps prevent and limit liquidity risk by reducing the Group&#146;s vulnerability in periods of high risk. This decentralized management also helps avoid possible contagion due to a crisis that could
affect only one or several BBVA Group entities, which must cover their liquidity needs independently in the markets where they operate. Liquidity Management Units (LMUs) have been set up for this reason in the geographical areas where the main
foreign subsidiaries operate, and also for the parent company of the Group (Banco Bilbao Vizcaya Argentaria, S.A.) within the Euro currency scope, which LMU includes BBVA Portugal, S.A. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Finance Division, through Global Asset Liabilities Management (<B>ALM</B>), manages the BBVA Group&#146;s liquidity and funding. It plans
and executes the funding of the long-term structural gap of each LMU and proposes to ALCO the actions to adopt in this regard in accordance with the policies and limits established by the Executive Committee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a first core element, the Bank&#146;s target behavior in terms of liquidity and funding risk is characterized through the Liquidity
Coverage Ratio (LCR) and the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Loan-to-Stable-Customer-Deposits</FONT></FONT> (LtSCD) ratio. LCR is a regulatory measurement aimed at ensuring entities&#146; resilience in a scenario of
liquidity stress within a time horizon of 30 days. BBVA, within its risk appetite framework and its limits and alerts schemes, has established requirements for compliance with the LCR ratio both for the Group as a whole and for each of the LMUs
individually. The internal levels required are designed to comply in advance with the implementation of the regulatory requirements of 2018, at a level above 100%. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the purpose of establishing the (maximum) target levels for LtSCD in each LMU and providing an optimal funding structure reference in
terms of risk appetite, Global Risk Management (&#147;<B>GRM</B>&#148;)-Structural Risks identifies and assesses the economic and financial variables that condition the funding structures in the various geographical areas. The behavior of the
indicators reflects that the funding structure remained robust in 2016. The behavior of BBVA&#146;s LtSCD in each LMU reflects that the funding structure remained robust in 2016, in the sense that all the LMUs maintained levels of self-funding with
stable customer funds which were higher than the required levels. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The second core element in liquidity and funding risk management is to
seek to achieve proper diversification of the funding structure, avoiding excessive reliance on short-term funding and establishing a maximum level of short-term borrowing comprising both wholesale funding as well as less stable funds from <FONT
STYLE="white-space:nowrap">non-retail</FONT> customers. Regarding long-term funding, its maturity profile does not show significant concentrations, which contributes to the adaptation of the anticipated securities issuance schedule to financial
conditions of the markets. Moreover, concentration risk is monitored at the LMU level, with a view to ensuring the right diversification both by counterparty and by instrument type. </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:Times New Roman" ALIGN="center">147 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The third element promotes the short-term resilience of the liquidity risk profile, making sure
that each LMU has sufficient collateral to address the risk of wholesale markets closing. &#147;Basic Capacity&#148; is the short-term liquidity risk management and control metric that is defined as the relationship between the available explicit
assets and the maturities of wholesale liabilities and volatile funds, at different terms, with special relevance being given to <FONT STYLE="white-space:nowrap">30-day</FONT> maturities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our principal source of funds is our customer deposit base, which consists primarily of demand, savings and time deposits. In addition to
relying on our customer deposits, we also access the interbank market (overnight and time deposits) and domestic and international capital markets for our additional liquidity requirements. To access the capital markets, we have in place a series of
domestic and international programs for the issuance of commercial paper and medium- and long-term debt. Another source of liquidity is our generation of cash flow from our operations. Finally, we supplement our funding requirements with borrowings
from the Bank of Spain and from the ECB or the respective central banks of the countries where our subsidiaries are located. See Note 9 to the Consolidated Financial Statements for information on our borrowings from central banks. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table shows the balances as of December&nbsp;31, 2016, 2015 and 2014 of our principal sources of funds (including accrued
interest, hedge transactions and issue expenses): </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As&nbsp;of&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Deposits from central banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,740</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40,087</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,193</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Deposits from credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63,501</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68,543</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65,168</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Customer deposits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">401,465</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">403,362</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">319,334</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Debt certificates and subordinated liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">76,375</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81,980</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">71,917</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other financial liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,129</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,141</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,288</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>589,210</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>606,113</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>491,900</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Customer deposits </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Customer deposits amounted to &#128;401,465&nbsp;million as of December&nbsp;31, 2016, compared with &#128;403,362&nbsp;million as of
December&nbsp;31, 2015 and &#128;319,334&nbsp;million as of December&nbsp;31, 2014. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our customer deposits, excluding assets sold under
repurchase agreements, amounted to &#128;387,974&nbsp;million as of December&nbsp;31, 2016 compared with &#128;380,094&nbsp;million as of December&nbsp;31, 2015 and &#128;294,717&nbsp;million as of December&nbsp;31, 2014. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Amounts due to credit institutions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Amounts due to credit institutions, including central banks, amounted to &#128;98,241&nbsp;million as of December&nbsp;31, 2016, compared with
&#128;108,630&nbsp;million as of December&nbsp;31, 2015 and &#128;93,361&nbsp;million as of December&nbsp;31, 2014. The decrease as of December&nbsp;31, 2016 compared with December&nbsp;31, 2015, was mainly attributable to the lower volume of
deposits from central banks. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Deposits from credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63,501</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68,543</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65,168</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Deposits from central banks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,740</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40,087</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,193</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Deposits from credit institutions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>98,241</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>108,630</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>93,361</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&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:Times New Roman" ALIGN="center">148 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Capital markets </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We make debt issuances in the domestic and international capital markets in order to finance our activities and as of December&nbsp;31, 2016 we
had &#128;59,390&nbsp;million of senior debt outstanding, comprising &#128;58,173&nbsp;million in bonds and debentures and &#128;1,217&nbsp;million in promissory notes and other securities, compared with &#128;66,165&nbsp;million,
&#128;65,517&nbsp;million and &#128;648&nbsp;million outstanding as of December&nbsp;31, 2015, respectively (&#128;58,096&nbsp;million, &#128;57,026&nbsp;million and &#128;1,070&nbsp;million outstanding, respectively, as of December&nbsp;31, 2014).
See Note 22.3 to the Consolidated Financial Statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, we had a total of &#128;15,718&nbsp;million in subordinated debt and
&#128;987&nbsp;million in preferred securities outstanding as of December&nbsp;31, 2016, compared with &#128;14,609&nbsp;million and &#128;974&nbsp;million outstanding as of December&nbsp;31, 2015, respectively. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The breakdown of the outstanding subordinated debt and preferred securities by entity issuer, maturity, interest rate and currency is
disclosed in Appendix VI of the Consolidated Financial Statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following is a breakdown as of December&nbsp;31, 2016 of the
maturities of our debt certificates (including bonds) from credit institutions and subordinated liabilities, disregarding any valuation adjustments and accrued interest (regulatory equity instruments have been classified according to their
contractual maturity): </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:10pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Demand</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Up&nbsp;to&nbsp;1<BR>Month</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>1 to 3<BR>Months</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>3 to 12<BR>Months</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>1 to 5<BR>Years</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Over 5<BR>Years</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Debt certificates (including bonds)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">189</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,197</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">980</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,681</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,278</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,258</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57,582</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Subordinated liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">104</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">78</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">109</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,145</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,270</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,706</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>292</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,197</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,058</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,790</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>29,423</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>28,528</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>74,288</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Generation of Cash Flow </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We operate in Spain, Mexico, Turkey, the United States and over 30 other countries, mainly in Europe, Latin America, and Asia. Our banking
subsidiaries around the world, including BBVA Compass, are subject to supervision and regulation by a variety of regulatory bodies relating to, among other things, the satisfaction of minimum capital requirements. The obligation to satisfy such
capital requirements may affect the ability of our banking subsidiaries, including BBVA Compass, to transfer funds to us in the form of cash dividends, loans or advances. In addition, under the laws of the various jurisdictions where our
subsidiaries, including BBVA Compass, are incorporated, dividends may only be paid out of funds legally available. For example, BBVA Compass is incorporated in Alabama and under Alabama law it is not able to pay any dividends without the prior
approval of the Superintendent of Banking of Alabama if the dividend would exceed the total net earnings for the year combined with the bank&#146;s retained net earnings of the preceding two years. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Even where minimum capital requirements are met and funds are legally available therefor, the relevant regulator could advise against the
transfer of funds to us in the form of cash dividends, loans or advances, for prudence reasons or otherwise. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There is no assurance that
in the future other similar restrictions will not be adopted or that, if adopted, they will not negatively affect our liquidity. The geographic diversification of our businesses, however, may help to limit the effect on the Group of any restrictions
that could be adopted in any given country. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We believe that our working capital is sufficient for our present requirements and to pursue
our planned business strategies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">See Note 51 of the Consolidated Financial Statements for additional information on our Consolidated
Statements of Cash Flows. </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:Times New Roman" ALIGN="center">149 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Capital </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016 and 2015, equity is calculated in accordance with current regulation on minimum capital base requirements for
Spanish credit institutions, both as individual entities and as consolidated groups. Such regulation dictates how to calculate their equity levels, as well as the various internal capital adequacy assessment processes they should have in place and
the information they should disclose to the market. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The minimum capital base requirements established by the current regulation are
calculated according to the Group&#146;s exposure to credit and dilution risk, counterparty and liquidity risk relating to the trading portfolio, exchange-rate risk and operational risk. In addition, the Group must fulfill the risk concentration
limits established in said regulation and the internal corporate governance obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the most recent SREP carried out
by the ECB in 2016, the Bank has been informed by the ECB that, effective from January&nbsp;1, 2017, it is required to maintain (i)&nbsp;a CET1 <FONT STYLE="white-space:nowrap">phased-in</FONT> capital ratio of 7.625% (on a consolidated basis) and
7.25% (on an individual basis); and (ii)&nbsp;a <FONT STYLE="white-space:nowrap">phased-in</FONT> total capital ratio of 11.125% (on a consolidated basis) and 10.75% (on an individual basis). This <FONT STYLE="white-space:nowrap">phased-in</FONT>
total capital ratio of 11.125% on a consolidated basis includes (i)&nbsp;the minimum CET1 capital ratio required under &#147;Pillar 1&#148; (4.5%); (ii) the &#147;Pillar 1&#148; Additional Tier 1 capital requirement (1.5%); (iii) the &#147;Pillar
1&#148; Tier 2 capital requirement (2.0%); (iv) the additional CET1 capital requirement under &#147;Pillar 2&#148; (1.5%); (v) the capital conservation buffer (1.25% CET1); and (vi)&nbsp;the <FONT STYLE="white-space:nowrap">D-SIBs</FONT> buffer
(0.375% CET1). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Since BBVA has been excluded from the list of global systemically important financial institutions in 2016, the <FONT
STYLE="white-space:nowrap">G-SIB</FONT> buffer will not apply to BBVA in 2017. However, the FSB or the supervisor may include BBVA on such list (which is updated every year) in the future. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Bank of Spain announced on November&nbsp;7, 2016 that the Bank will continue to be considered a
<FONT STYLE="white-space:nowrap">D-SIB,</FONT> and consequently the Bank will be required to maintain during 2017 a <FONT STYLE="white-space:nowrap">D-SIB</FONT> buffer of a CET1 capital ratio of 0.75% on a consolidated basis. The <FONT
STYLE="white-space:nowrap">D-SIB</FONT> buffer is being <FONT STYLE="white-space:nowrap">phased-in</FONT> from January&nbsp;1, 2016 to January&nbsp;1, 2019, with the result that the <FONT STYLE="white-space:nowrap">D-SIB</FONT> buffer applicable to
the Bank for 2017 is a CET1 capital ratio of 0.375% on a consolidated basis. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The CET1 requirement on
<FONT STYLE="white-space:nowrap">phased-in</FONT> terms stands at 7.625% on a consolidated basis and 7.25% on an individual basis. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our consolidated
ratios as of December&nbsp;31, 2016 and December&nbsp;31, 2015 were as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of<BR>December&nbsp;31,<BR>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of<BR>December&nbsp;31,<BR>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>%<BR>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Ordinary TIER 1 Capital</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54,339</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54,829</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.89</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Adjustments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,969</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,275</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mandatory convertible bonds</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>CORE CAPITAL (a)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>47,370</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>48,554</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(2.4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Preferred securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,496</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,302</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Adjustments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,783</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,302</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(28.6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>CAPITAL (TIER I) (b)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>50,083</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>48,554</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>OTHER ELIGIBLE CAPITAL (TIER II) (c)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,810</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11,646</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(24.3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>CAPITAL BASE (TIER I + TIER II) (d)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>58,893</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>60,200</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(2.2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Minimum capital requirement (BIS III Regulations)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>31,116</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>32,102</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(3.1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>CAPITAL SURPLUS</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>27,777</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>28,097</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1.1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>RISK WEIGHTED ASSETS (RWA) (e)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>388,951</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>401,285</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(3.1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>BIS RATIO (d)/(e)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>15.14</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>15.00</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>CORE CAPITAL (a)/(e)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>12.18</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>12.10</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TIER I (b)/(e)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>12.88</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>12.10</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TIER II (c)/(e)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2.27</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2.90</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></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:Times New Roman" ALIGN="center">150 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Variations in the amount of Tier 1 Common Equity in the above table were mainly explained by the
organic generation of capital leaning against the recurrence of the results, net of dividends paid and remunerations, and the efficient management and allocation of capital in line with the strategic objectives of the Group. The increase was
partially offset by the impact of the regulatory <FONT STYLE="white-space:nowrap">phase-in</FONT> calendar in connection with minority interests and deductions (60% in 2016 compared with 40% in 2015). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">During 2016, the BBVA Group obtained the additional Tier 1 capital recommended by the regulator (1.5% of RWAs) with the issuance of perpetual
securities convertible into shares, classified as additional Tier 1 equity instruments (contingent convertible securities) under the solvency rules and contributing to a Tier 1 ratio of 12.88%. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The decrease in minimum capital requirements was mainly due to the aforementioned new prudential capital requirements applicable to BBVA. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, the Bank&#146;s <FONT STYLE="white-space:nowrap">phased-in</FONT> total capital ratio was 15.14% on a
consolidated basis and 21.83% on an individual basis. As of December&nbsp;31, 2016, the Bank&#146;s CET1 <FONT STYLE="white-space:nowrap">phased-in</FONT> capital ratio was 12.18% on a consolidated basis and 17.56% on an individual basis. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_24"></A>C. Research and Development, Patents and Licenses, etc. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In 2016, we continued to foster the use of new technologies as a key component of our global development strategy. We explored new business and
growth opportunities, focusing on three major areas: emerging technologies; digital banking; and data driven initiatives, in each case with the customer as the focal point of our banking business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The BBVA Group is not materially dependent on the issuance of patents, licenses and industrial, mercantile or financial contracts or on new
manufacturing processes in carrying out its business purpose. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_25"></A>D. Trend Information </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The European financial services sector is expected to remain competitive in the current challenging environment. Further consolidation in the
sector through mergers, acquisitions or alliances, might be possible. Some banks have exited some lines of their <FONT STYLE="white-space:nowrap">non-core</FONT> businesses and activities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There are four main trends that are expected to shape the sector profitability in the future: the slow economic recovery, the low (or even
negative) interest rate environment, the surge of alternative finance providers and the completion and the implementation of the already existing financial regulatory reforms. At the same time there are new and evolving risks, such as market based
and asset management activities, misconduct risks and the decline of correspondent banking, among others. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For a discussion on the slow
economic recovery trend, see <I>&#147;&#151;</I><I></I><I>Operating Results&#151;Factors Affecting the Comparability of our Results of Operations and Financial Condition&#151;Operating Environment&#148;</I>. Regarding the second trend, the impact of
the ultra-expansionary monetary policy is already notably significant in the sector&#146;s results, where the reductions of credit interest rates cannot be compensated by a similar contraction of the deposit rates as customers are not accustomed to
negative deposit rates and that funding source is crucial for banks. This is particularly important in a country like Spain, where mortgages account for a significant proportion of credit (more than 40%) and nine out of 10 mortgages are estimated to
be on variable rates. Further, alternative finance providers are growing very fast in line with technological advances and becoming a very important competitor for the banking industry (see also <I>&#147;Item 4. Information on the
Company&#151;Competition&#148;</I>). These entities, which form part of the shadow banking sector, do not have to comply with a regulation scheme as strict as that applicable to banks. Finally, regarding the fourth trend, it is likely that, in the
framework of the banking union and in the inception of the capital </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:Times New Roman" ALIGN="center">151 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
markets union, regulatory changes and enhanced institutional architecture might contribute to a more competitive and less fragmented landscape. Having said that, a comprehensive analysis and
understanding of the already implemented regulatory changes would be needed before the introduction of new measures. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There are still some
challenges to be addressed, such as the banking conduct and culture and their implications on consumer and investor protection issues. An ethical behavior is of the utmost importance for the banking business to recover the trust that was lost during
the last financial crisis. It is a discernible hallmark that allows agents a better formation of their expectations in those fields where the activity is not regulated or supervised. As such, banking conduct and culture are achieving higher
relevance. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In that vein, business activities have to be based on a prudent and an anticipatory management approach with a customer-focus
approach; that is, with customers at the core of all of the activities performed. Indeed, personal and professional integrity and competence is inherent to the way of understanding and conducting all of BBVA&#146;s activities to bring the age of
opportunity to everyone. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Financial stability and consumer protection are the final goals of the global financial regulatory reform that
started eight years ago. However, if such reform is applied locally, inconsistently and heterogeneously, it can lead to divergences, regulatory inconsistencies and regulatory arbitrages with unintended consequences. In addition to that, the lack of
homogeneity at the European level makes it difficult for investors to evaluate financial institutions and often impose additional burdens on financial institutions. This could reduce the potential synergies for the Group, as it might not be allowed
to sell the same products across all the jurisdictions in which it carries out its activities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Regarding consumer protection rules, the
European Commission proposed on February&nbsp;10, 2016 the application of the revised Markets in Financial Instruments Directive (MiFID II) of the European Parliament and of the European Council be delayed by one year until January&nbsp;3, 2018. Six
days later, the European Parliament also proposed the deferral of its transposition into national legislation for one year, until July&nbsp;3, 2017. This decision responded to concerns expressed by the European Securities and Markets Authority (the
&#147;<B>ESMA</B>&#148;) regarding the fact that neither the competent authorities, nor market participants, would have the necessary information technology systems ready in time for earlier implementation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Broadly, MiFID II goals are fostering investor protection, enhancing market transparency and competition and improving corporate governance
and compliance, all at the same time. It represents a significant overhaul of MiFID -that came into force in 2007- and will have a significant impact in European markets. It represents a significant effort in terms of costs for regulators,
supervisors and financial entities to adapt their systems to the new requirements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For fostering investor protection, MiFID II
establishes (i)&nbsp;stricter requirements for product design, distribution and <FONT STYLE="white-space:nowrap">follow-up;</FONT> (ii)&nbsp;tougher conditions for the provision of independent services; (iii)&nbsp;the prohibition, subject to certain
exceptions, of any remuneration, discount or <FONT STYLE="white-space:nowrap">non-monetary</FONT> benefit in exchange for advisory services, including research and (iv)&nbsp;a detailed cost disclosure. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The greater <FONT STYLE="white-space:nowrap">pre-trade</FONT> transparency in markets might result in narrower margins due to a compression of
spreads and in a change of paradigm in the competitive landscape. In addition, the higher post-trade transparency may have unintended consequences as a result of the availability of public information related to transactions closed on book
positions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">MiFID II requirements also focus on the responsibilities of the management board in product governance issues that, in broad
terms, consists in narrowing the target market and clients for each product to be sold, reviewing distribution contracts and flows of information between manufacturers and distributors and strengthening the procedures and mechanisms to adequately
track the product during its whole life cycle<B> </B>and on the requirements and functions for regulatory compliance. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Another key
regulation for consumer protection in Europe is the Packaged Retail and Insurance-based Investment Products (&#147;<B>PRIIPs</B>&#148;). The original proposal from the European Commission was released on July&nbsp;3, 2012 and the regulation on Key
Information Documents (&#147;<B>KIDs</B>&#148;) for PRIIPS was passed and published in the Official Journal of the EU on November&nbsp;26, 2014 and was expected to become effective on January&nbsp;1, 2017.
</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:Times New Roman" ALIGN="center">152 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
However, the Commission decided to extend by one year the implementation of the PRIIPS regulation in order to assure a smooth implementation for European consumers and ensure legal certainty for
the sector. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The PRIIPs regulation aims at increasing transparency and comparability among investment products. As such, financial
institutions have to provide consumers with the necessary information to make their investment decisions with a clear understanding of all the risks, costs and scenarios involved. The European Supervisory Authorities (&#147;ESAs&#148;), which
include the EBA, the ESMA and the European Insurance and Occupational Pensions Authority) launched a Joint Consultation Paper on November&nbsp;10, 2015 with the proposed Regulatory Technical Standards (RTS) that define the Level&nbsp;2 requirements
of the PRIIPs Regulation, including both presentation and content of the KIDs. On June&nbsp;30, 2016 the Commission adopted a delegated act setting the RTS specifying the content and underlying methodology of the KIDs. However, on September&nbsp;14,
2016 the European Parliament voted down the delegated act and called for certain modifications. An amended version of the draft regulatory technical standard is to be submitted by the ESAs and approved by the European Parliament such that the
revised PRIIPs framework can be in place during the first half of 2017 and apply as of January&nbsp;1, 2018. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We consider that MiFID II
and PRIIPs should converge whenever possible to avoid regulatory inconsistencies and duplicities that may confuse consumers and reduce their protection instead of increasing it. Furthermore, having both regimes entail additional costs for financial
institutions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Furthermore, there are other challenges to be mentioned, such as the VAT regime applicable to banks. The VAT regime
applicable to banks is part of the trend of increasing pressure on financial systems. Within the Euro Area, several countries are imposing new taxes on the financial industry, such as bank levies, financial activity taxes or FTT. In addition, there
is an agreement to introduce a FTT at the European Union level. Such proposal was made by the European Commission for introducing a tax within eleven Member States of the European Union. The introduction of such tax was initially expected by
January&nbsp;1, 2014 but it was later postponed to January&nbsp;1, 2016, then to <FONT STYLE="white-space:nowrap">mid-2016</FONT> and has now stalled because it lost the support of one Member State. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Differing tax regimes could set incentives for banks to operate, or transactions to take place, in those geographies where the tax pressure is
lower. The implementation of new regulations in countries where we operate which results in increased tax pressure could have a material impact on our profitability. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Regarding the banking structural reforms, the European Commission released a proposal in January 2014. The proposal is twofold and imposes a
prohibition on proprietary trading and an annual supervisory examination of trading activities that may trigger the separation of market-making, complex derivatives and risky securitization if the thresholds on a certain number of metrics are
breached (a wider separation is possible under supervisory discretion). The European Council reached an agreement on this matter in June 2015. Its position includes important changes to the original EC&#146;s proposal. It softens the latter by
introducing the mandatory separation of proprietary trading instead of its prohibition. On the other hand, the European Parliament failed to agree a common position in May 2015. Negotiations within the European Parliament have stalled for now. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Bank Recovery and Resolution Directive (BRRD) is binding since January 2015, and the <FONT STYLE="white-space:nowrap">bail-in</FONT> tool
since 2016. The BRRD sets a common framework for all EU countries with the intention to <FONT STYLE="white-space:nowrap">pre-empt</FONT> bank crises and resolve financial institutions in an orderly manner in the event of failure, whilst preserving
essential bank operations and minimizing taxpayers&#146; costs, thus helping to restore confidence in Europe&#146;s financial sector. The <FONT STYLE="white-space:nowrap">bail-in</FONT> tool implies that banks&#146; creditors will be written down or
converted into equity in a resolution scenario, and that they should afford much of the burden to help recapitalize a failed bank instead of the taxpayers. For that to be effective, the BRRD requires banks to have enough liabilities that could be
eligible to <FONT STYLE="white-space:nowrap">bail-in</FONT> &#150; the Minimum Required Eligible Liabilities (MREL). Despite the impact on banks&#146; liability structure, we believe the introduction of the
<FONT STYLE="white-space:nowrap">bail-in</FONT> tool and the MREL enhances banks&#146; fundamentals, encourages positive discrimination between issuers, breaks down the sovereign-banking link and increases market discipline. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The SRB set undisclosed banks&#146; target of MREL in the third quarter of 2016. The European Commission issued a comprehensive legislative
proposal on November&nbsp;23, 2016 known as the CRD5, so as to modify, among other issues, MREL and introduce TLAC requirement for <FONT STYLE="white-space:nowrap">G-SIBs</FONT> into European legislation. The EBA reviewed the implementation of MREL
in December 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:Times New Roman" ALIGN="center">153 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The CRD5 is aimed at amending both the current banking prudential and resolution frameworks. The
revision includes the implementation of several international standards into EU law (some regulatory pieces adopted by the Basel Committee after 2010 and the TLAC standard) and the introduction of a package of technical improvements. In parallel, a
legislative proposal to harmonize creditor hierarchy of senior debt across the EU has also been released. The publication of these proposals is only the first step in the legislative process of the European Union. A negotiation period of
approximately one year is expected before a final text is agreed and regulatory implementation standards are developed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result,
there are still many doubts regarding the final MREL design in Europe. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_26"></A>E.
<FONT STYLE="white-space:nowrap">Off-Balance</FONT> Sheet Arrangements </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition to loans, we had outstanding the following amounts
of our <FONT STYLE="white-space:nowrap">off-balance</FONT> sheet arrangements as of the dates indicated: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Bank guarantees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,722</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,971</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,297</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Letters of credit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,210</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,367</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,397</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total financial guarantees given</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>49,932</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>49,338</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>33,694</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition to the <FONT STYLE="white-space:nowrap">off-balance</FONT> sheet arrangements described above, the
following tables provide information regarding commitments to extend credit and assets under management as of December&nbsp;31, 2016, 2015 and 2014: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Credit institutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">859</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">921</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,057</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Government and other government agencies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,110</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,570</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,359</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other resident sectors</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,323</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,334</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,784</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><FONT STYLE="white-space:nowrap">Non-resident</FONT> sector</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74,961</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">92,795</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">72,514</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Contingent Liabilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>107,253</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>123,620</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>96,714</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Contingent Risks and Contingent Liabilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>157,185</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>172,958</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>130,408</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mutual funds</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55,037</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54,419</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52,782</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Pension funds</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,418</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,542</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,364</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Customer portfolios</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40,805</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42,074</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35,129</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total assets under management</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>129,260</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>128,035</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>115,275</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&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:Times New Roman" ALIGN="center">154 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">See Note 36 to the Consolidated Financial Statements for additional information with respect to
our <FONT STYLE="white-space:nowrap">off-balance</FONT> sheet arrangements. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_27"></A>F. Tabular Disclosure of Contractual Obligations
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our consolidated contractual obligations as of December&nbsp;31, 2016 based on when they are due, were as follows: </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:10pt" ALIGN="center">


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<TD></TD>
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<TD></TD>
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<TD></TD>
<TD></TD>
<TD></TD>
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<TD></TD>
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<TD></TD>
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<TD></TD>
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<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Less&nbsp;Than&nbsp;One<BR>Year</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>One&nbsp;to&nbsp;Three<BR>Years</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Three&nbsp;to&nbsp;Five<BR>Years</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Over&nbsp;Five</B><br><B>Years</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Senior debt</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,046</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,649</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,629</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,258</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57,582</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Subordinated debt</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">291</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,329</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,817</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,270</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,706</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Deposits from customers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">363,533</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,174</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,035</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,779</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">400,521</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Capital lease obligations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Operating lease obligations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">263</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">305</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">321</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,397</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,286</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Purchase obligations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Post-employment benefits <SUP STYLE="font-size:85%; vertical-align:top">(1) </SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">941</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,619</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,292</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,102</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,954</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Insurance commitments <SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,705</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,214</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,482</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,738</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,139</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total <SUP STYLE="font-size:85%; vertical-align:top">(3) </SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>382,802</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>45,290</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>12,576</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>52,544</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>493,212</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Represents the Group&#146;s estimated aggregate amounts for pension commitments in defined-benefit plans and other post-employment commitments (such as early
retirement and welfare benefits), based on certain actuarial assumptions. Post-employment benefits are detailed in Note 25 to the Consolidated Financial Statements. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Liabilities under insurance and reinsurance contracts </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Interest to be paid is not included (see Note 22 to the Consolidated Financial Statements). The majority of the senior and subordinated debt was issued at variable rates. The financial cost of such issuances for 2016,
2015 and 2014 is detailed in Note 37.2 to the Consolidated Financial Statements. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_28"></A>ITEM&nbsp;6.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our Board of Directors is committed to a
good corporate governance system in the design and operation of our corporate bodies in the best interests of the Company and our shareholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our Board of Directors is subject to Board Regulations that reflect and implement the principles and elements of BBVA&#146;s concept of
corporate governance. These Board Regulations comprise standards for the internal management and operation of the Board and its Committees, as well as the rights and obligations of directors in the performance of their duties, which are contained in
the directors&#146; charter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">General shareholders&#146; meetings are subject to their own set of regulations on issues such as how they
operate and what rights shareholders enjoy regarding such meetings. These establish the possibility of exercising or delegating votes over remote communication media. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our Board of Directors has approved a report on corporate governance and a report on directors&#146; remuneration for 2016, according to the
forms set forth under Spanish regulation for listed companies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Shareholders and investors may find the documents referred to above on our
website (www.bbva.com). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our website was created as an instrument to facilitate information and communication with shareholders. It
provides special direct access to all information considered relevant to BBVA&#146;s corporate governance system in a user-friendly manner. In addition, all the information required by article 539 of the Corporate Enterprises Act can be accessed on
BBVA&#146;s website (www.bbva.com). </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_29"></A>A. Directors and Senior Management </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are managed by a Board of Directors that currently has 14 members. </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:Times New Roman" ALIGN="center">155 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to article 1 of the Board Regulations, Bank directorships may be executive or <FONT
STYLE="white-space:nowrap">non-executive.</FONT> Executive directors are those who perform management functions in the Company or its Group entities, regardless of the legal relationship they have with such companies. All other Board members will be
considered <FONT STYLE="white-space:nowrap">non-executives</FONT> and they may be proprietary, independent or other external directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Independent directors are those <FONT STYLE="white-space:nowrap">non-executive</FONT> directors who have been appointed in view of their
personal and professional background who can perform their duties without being constrained by their relations with the Company or its Group, its significant shareholders or its executives. Under the Board Regulations, directors cannot be deemed
independent if they: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">have been employees or executive directors in Group companies, unless three or five years have elapsed, respectively since they ceased as employees or executive directors, as the case may be; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">receive from the Company or its Group entities, any amount or benefit for an item other than remuneration for their directorship, except where the sum is insignificant. This does not include either dividends or pension
supplements that a director may receive due to a former professional or employment relationship, provided these are unconditional and, consequently, the company paying them may not at its own discretion, suspend, amend or revoke their accrual unless
there has been a breach of duty; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">are partners of the external auditor or in charge of the audit report or have been so in the last three years, whether the audit in question was carried out on the Company or any other Group entity; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">are executive directors or senior managers of another company in which a Company&#146;s executive director or senior manager is an external director; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">maintain any significant business relationship with the Company or with any Group company or have done so over the last year, either in their own name or as a significant shareholder, director or senior manager of a
company that maintains or has maintained such a relationship. Business relationship here means any relationship as supplier of goods or services, including financial goods or services, and as advisor or consultant; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top">are significant shareholders, executive directors or senior managers of any entity that receives, or has received over the last three years, donations from the Company or its Group. Those persons who are merely trustees
in a foundation receiving donations shall not be deemed to be included under this letter; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(g)</TD>
<TD ALIGN="left" VALIGN="top">are spouses, or spousal equivalents or related up to second degree of kinship to an executive director or senior manager of the Company; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(h)</TD>
<TD ALIGN="left" VALIGN="top">have not been proposed by the Appointments Committee for appointment or renewal; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">have held a directorship for a continuous period of more than 12 years; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(j)</TD>
<TD ALIGN="left" VALIGN="top">are related to any significant shareholder or shareholder represented on the Board of Directors under any of the circumstances described under letters (a), (e), (f) or (g)&nbsp;above. In the event of kinship
relationships mentioned in letter (g), the limitation will apply not only with respect to the shareholder, but also with respect to their proprietary directors in the company in which the shareholder holds an interest. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">Directors</TD>
<TD ALIGN="left" VALIGN="top">who hold shares in the Bank may be considered independent provided they comply with the above conditions and their shareholding is not legally considered to be significant. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Regulations of the Board of Directors </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The principles and elements comprising our corporate governance are set forth in our Board Regulations, which govern the internal procedures
and the operation of the Board and its Committees and directors&#146; rights and duties as described in their charter. </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:Times New Roman" ALIGN="center">156 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The full text of the Board Regulations can be found on the Bank&#146;s corporate website
(www.bbva.com). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following provides a brief description of several significant matters covered in the Regulations of the Board of
Directors. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Appointment and <FONT STYLE="white-space:nowrap">Re-election</FONT> of Directors </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The proposals that the Board submits to the Company&#146;s general shareholders&#146; meeting for the appointment or <FONT
STYLE="white-space:nowrap">re-election</FONT> of directors and the appointments the Board makes directly to cover vacancies, exercising its powers of <FONT STYLE="white-space:nowrap">co-option</FONT> will be approved at the proposal of the
Appointments Committee in the case of independent directors, and following a report from said Committee for all other directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In all
such cases the proposal must be accompanied by a report of the Board explaining the grounds on which the Board of Directors has assessed the competence, experience and merits of the candidate proposed, which will be attached to the minutes of the
general shareholders&#146; meeting or of the Board of Directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">To such end, the Appointments Committee will evaluate the balance of
skills, knowledge and expertise on the Board of Directors, as well as the conditions that candidates should display to fill the vacancies arising, assessing the dedication necessary to be able to suitably perform their duties in view of the needs
that the Company&#146;s governing bodies may have at any time. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Term of Directorships and Director Age Limit </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Directors will stay in office for the term set out in our Bylaws (three years). If they have been
<FONT STYLE="white-space:nowrap">co-opted,</FONT> they will stay in office until the first general shareholders&#146; meeting is held. The general shareholders&#146; meeting may then ratify their appointment for the term of office established under
our Bylaws. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">BBVA&#146;s Board of Directors Regulations establishes an age limit for sitting on the Bank&#146;s Board. Directors must
present their resignation at the first meeting of the Bank&#146;s Board of Directors to be held after the general shareholders&#146; meeting that approves the accounts for the year in which they reach the age of seventy-five years. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Evaluation </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Article 17 of
the Board Regulations indicates that the Board of Directors will assess the quality and efficiency of the Board&#146;s operation and will assess the performance of the duties of the Chairman of the Board (process which will be directed by the Lead
Director). Such assessment will always begin with the report submitted by the Appointments Committee. Likewise, the Board will carry out the evaluation of the operation of its Committees, on the basis of the report that each Committee submits to the
Board of Directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Moreover, article 5 of the Board Regulations establishes that the Chairman, who is responsible for the efficient
running of the Board of Directors, will organize and coordinate the periodic assessment of the Board&#146;s performance with the Chairs of the relevant Committees. Pursuant to the provisions of the Board Regulations, as in previous years, in 2016
the Board of Directors assessed the quality and efficiency of its own operation and of its Committees, as well as the performance of the duties of the Chairman both as Chairman of the Board and as first executive of the Bank. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Performance of Directors&#146; Duties </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Directors must comply with their duties as defined by legislation and by our Bylaws in a manner that is faithful to the interests of the
Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">They will participate in the deliberations, discussions and debates on matters submitted for their consideration, expressing
their opposition when they consider that a draft resolution submitted to the Board may be contrary to the Company&#146;s interests and will be appraised of the necessary information to be able to form their own opinions regarding questions
corresponding to our corporate bodies. They may request any additional information and advice they require to comply with their duties. They must devote to their duties the time and effort which is necessary to perform them efficiently and they are
obliged to attend the meetings of corporate bodies and of the Board Committees on which they sit, unless they can justify the reason for their absence. </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:Times New Roman" ALIGN="center">157 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The directors may also request the Board of Directors for assistance from external experts on
matters subject to their consideration whose special complexity or importance so requires. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Conflicts of Interest </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The rules comprising the BBVA directors&#146; charter detail different situations in which conflicts of interest could arise between directors,
their family members and/or organizations with which they are linked, and the BBVA Group. They set out procedures for such cases, in order to avoid conduct contrary to our best interests. The rules contained in the BBVA Board of Directors&#146;
charter are in line with the specific regulation established on the Spanish Corporate Enterprises Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">These rules help ensure
directors&#146; conduct reflects stringent ethical codes, in keeping with applicable standards and according to core values of the BBVA Group. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Incompatibilities </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Directors are also subject to the rules on limitations and incompatibilities established under the applicable regulations at any time and, in
particular, to the provisions of Spanish Law 10/2014 and Circular 2/2016, of the Bank of Spain, for credit institutions on supervision and solvency. A director of BBVA may not be a director in companies in which the Group or any of the Group
companies hold a stake, subject to the exceptions set forth below. <FONT STYLE="white-space:nowrap">Non-executive</FONT> directors may hold a directorship in the Bank&#146;s associated companies or in any other Group company provided the
directorship is not related to the Group&#146;s holding in such companies. As an exception and when proposed by the Bank, executive directors are able to hold directorships in companies directly or indirectly controlled by the Bank with the approval
of the Executive Committee, and in other associated companies with the approval of the Board of Directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Directors may not provide
professional services to enterprises competing with the Bank or any of the Group entities, unless they have received express prior authorization from the Board of Directors or the general shareholders&#146; meeting, as the case may be, or unless
such services or activities were provided or performed before they became directors of the Bank, they do not involve effective competition with the Bank and they were reported to the Bank at the time of appointment. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Directors&#146; Resignation and Dismissal </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Furthermore, in the following circumstances, reflected in the Board Regulations, directors must place their office at the disposal of the Board
of Directors and accept its decision regarding their continuity or <FONT STYLE="white-space:nowrap">non-continuity</FONT> in office. Should the Board resolve they do not continue in office, they will be obliged to tender their resignation: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">when they are affected by circumstances of incompatibility or prohibition as defined under prevailing legislation, in our Bylaws or in the Board Regulations; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">when significant changes occur in their professional or personal situation that may affect the condition by virtue of which they were appointed to the Board of Directors; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">when they are in serious dereliction of their duties as directors; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">when for reasons attributable to the director in his or her condition as such, serious damage has been done to the Company&#146;s net worth, credit or reputation; or </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">when they lose their suitability to hold the position of director of the Bank. </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:Times New Roman" ALIGN="center">158 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The Board of Directors </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our Board of Directors is currently comprised of 14 members. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth the names of the members of the Board of Directors as of that date of this Annual Report on Form <FONT
STYLE="white-space:nowrap">20-F,</FONT> their date of appointment and, if applicable, <FONT STYLE="white-space:nowrap">re-election,</FONT> their current positions and their present principal outside occupation and employment history. </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:10pt" ALIGN="center">


<TR>
<TD WIDTH="14%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="38%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:20.00pt; font-size:8pt; font-family:Times New Roman"><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Birth&nbsp;Year</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Current</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Position</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Date Nominated</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Date
<FONT STYLE="white-space:nowrap">Re-elected</FONT></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman"><B>Present Principal Outside Occupation</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>and Employment History(*)</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Francisco&nbsp;Gonz&aacute;lez Rodr&iacute;guez(1)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">1944</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Group&nbsp;Executive Chairman</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">January&nbsp;28,&nbsp;2000</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">March&nbsp;11,&nbsp;2016</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Group Executive Chairman of BBVA since January 2000; Director of Grupo Financiero BBVA Bancomer, S.A. de C.V. and BBVA Bancomer S.A., Instituci&oacute;n de Banca M&uacute;ltiple, Grupo Financiero BBVA Bancomer.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Carlos&nbsp;Torres&nbsp;Vila&nbsp;(1)&nbsp;(6)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">1966</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Chief Executive Officer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">May&nbsp;4, 2015</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">March&nbsp;11, 2016</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Chief Executive Officer of BBVA since May 2015. Chairman of the Technology and Cybersecurity Committee. Director of Grupo Financiero BBVA
Bancomer, S.A. de C.V. and BBVA Bancomer S.A., Instituci&oacute;n de Banca M&uacute;ltiple, Grupo Financiero BBVA Bancomer.</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">He started at BBVA on September
2008 holding senior management posts such as Head of Digital Banking from March 2014 to May 2015 and BBVA Strategy&nbsp;&amp; Corporate Development Director from January 2009 to March 2014.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Tom&aacute;s Alfaro Drake(2)(3)(6)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">1951</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Independent Director</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">March&nbsp;18, 2006</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">March&nbsp;17, 2017</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Chairman of the Appointments Committee of BBVA since May&nbsp;25, 2010. Director of Internal Development and Professor in the Finance department of Universidad Francisco de Vitoria.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Jos&eacute; Miguel Andr&eacute;s Torrecillas (2) (3) (5) (7)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">1955</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Independent Director</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">March&nbsp;13, 2015</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Not applicable</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Chairman of the Audit and Compliance Committee of BBVA. Chairman of Ernst&nbsp;&amp; Young Spain from 2004 to 2014, where he was a partner since 1987 and also held a series of senior offices, including Director of the Banking Group
from 1989 to 2004 and Managing Director of the Audit and Advisory practices at Ernst&nbsp;&amp; Young Italy and Portugal from 2008 to 2013.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Jos&eacute; Antonio Fern&aacute;ndez Rivero(1)(4)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">1949</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">External Director</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">February&nbsp;28, 2004</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">March&nbsp;13, 2015</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Was appointed Group General Manager until January 2003. Has been the director representing BBVA on the Boards of Telef&oacute;nica, Iberdrola and Banco de Cr&eacute;dito Local and Chairman of Adquira.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Bel&eacute;n&nbsp;Garijo</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">L&oacute;pez(2)&nbsp;(4)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">1960</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Independent Director</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">March&nbsp;16, 2012</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">March&nbsp;13, 2015</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Member of the Executive Board of Merck Group and CEO of Merck Healthcare, member of the Board of Directors of L&#146;Or&eacute;al and Chair of the International Executive Committee of PhRMA, ISEC (Pharmaceutical Research and
Manufacturers of America).</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:Times New Roman" ALIGN="center">159 </P>


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<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="14%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="38%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:20.00pt; font-size:8pt; font-family:Times New Roman"><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Birth&nbsp;Year</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Current</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Position</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Date Nominated</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Date
<FONT STYLE="white-space:nowrap">Re-elected</FONT></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman"><B>Present Principal Outside Occupation</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>and Employment History(*)</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Jos&eacute; Manuel <FONT STYLE="white-space:nowrap">Gonz&aacute;lez-P&aacute;ramo</FONT> Mart&iacute;nez-Murillo</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">1958</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Executive Director</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">May&nbsp;29,&nbsp;2013</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">March&nbsp;17,&nbsp;2017</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Executive Director of BBVA since May&nbsp;29, 2013. Member of the European Central Bank (ECB) Governing Council and Executive Committee from 2004 to 2012. Chairman of European DataWarehouse GmbH. Head of BBVA&#146;s Global
Economics, Regulation and Public Affairs.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Sunir Kumar Kapoor (6)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">1963</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Independent Director</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">March&nbsp;11,&nbsp;2016</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Not applicable</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">President and CEO of UBmatrix Inc from 2005 to 2011. Executive Vice President and CMO of Cassatt Corporation from 2004 to 2005. Oracle Corporation, Vice President Collaboration Suite from 2002 to 2004. Founder and CEO of Tsola Inc
from 1999 to 2001. President and CEO of <FONT STYLE="white-space:nowrap">E-Stamp</FONT> Corporation from 1996 to 1999. Vice President of Strategy, Marketing and Planning of Oracle Corporation from 1994 to 1996. Currently, he is an independent
consultant to various leading companies in the technology sector, such as cloud infrastructures or data analysis.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Carlos Loring Mart&iacute;nez de Irujo(1)(5)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">1947</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">External&nbsp;Director</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">February&nbsp;28,&nbsp;2004</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">March&nbsp;17,&nbsp;2017</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Was Partner of J&amp;A Garrigues from 1977 to 2004, where he has also held a series of senior offices, including Director of M&amp;A Department, Director of Banking and Capital Markets Department and member of its Management
Committee.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Lourdes M&aacute;iz Carro (2) (3)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">1959</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Independent Director</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">March&nbsp;14,&nbsp;2014</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">March&nbsp;17,&nbsp;2017</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Was Secretary of the Board of Directors and Director of Legal Services at Iberia, L&iacute;neas A&eacute;reas de Espa&ntilde;a from 2001 until 2016. Joined the Spanish State Counsel Corps (Cuerpo de Abogados del Estado) and from
1992 until 1993 she was Deputy to the Director in the Ministry of Public Administration. From 1993 to 2001 held various senior positions in the Public Administration.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Jos&eacute; Maldonado Ramos(1)(3)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">1952</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">External&nbsp;Director</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">January&nbsp;28,&nbsp;2000</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">March&nbsp;13,&nbsp;2015</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Was appointed Director and General Secretary of BBVA in January 2000. Took early retirement as Bank executive in December 2009.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Juan&nbsp;Pi&nbsp;Llorens&nbsp;(2)(4)(6)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">1950</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Independent Director</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">July&nbsp;27,&nbsp;2011</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">March&nbsp;13,&nbsp;2015</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Chairman of the Remuneration Committee since March&nbsp;31, 2016. Had a professional career at IBM holding various senior posts at a national and international level including Vice President for Sales at IBM Europe, Vice President
of Technology&nbsp;&amp; Systems Group at IBM Europe and Vice President of the Finance Services Sector at GMU (Growth Markets Units) in China. He was executive President of IBM Spain.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Susana Rodr&iacute;guez Vidarte(1)(3)(5)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">1955</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">External&nbsp;Director</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">May&nbsp;28, 2002</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">March&nbsp;17, 2017</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Professor of Strategy at the Faculty of Economics and Business Sciences at Universidad de Deusto. Doctor in Economic and Business Sciences from Universidad de Deusto.</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:Times New Roman" ALIGN="center">160 </P>


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<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="14%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="38%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:20.00pt; font-size:8pt; font-family:Times New Roman"><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Birth&nbsp;Year</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Current</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Position</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Date Nominated</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Date
<FONT STYLE="white-space:nowrap">Re-elected</FONT></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman"><B>Present Principal Outside Occupation</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>and Employment History(*)</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">James Andrew Stott (4) (5) (6)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">1953</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Independent Director</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">March&nbsp;11, 2016</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Not applicable</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Chairman of the Risk Committee since March&nbsp;31, 2016. Chairman of the Innovation Board, Business Innovation Consulting Group from 2011 to 2015. Independent director and member of the Audit Committee of Catenon from 2011 to 2015.
Independent director and Chairman of the Risks and Audit Committee of Barclays Bank Espa&ntilde;a from 2011 to 2014. Partner and General Manager, and other senior posts at Oliver Wyman Financial Services from 1994 to 2010.</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(*)</TD>
<TD ALIGN="left" VALIGN="top">Where no date is provided, the position is currently held. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Member of the Executive Committee. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">Member of the Audit and Compliance Committee. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">Member of the Appointments Committee. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top">Member of the Remuneration Committee. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top">Member of the Risk Committee. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top">Member of the Technology and Cybersecurity Committee. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(7)</TD>
<TD ALIGN="left" VALIGN="top">Lead Director. </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:Times New Roman" ALIGN="center">161 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Senior Management </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our senior managers were each appointed for an indefinite term. Their positions as of the date of this Annual Report on Form <FONT
STYLE="white-space:nowrap">20-F</FONT> are as follows: </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:10pt" ALIGN="center">


<TR>
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="25%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="42%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:29.30pt; font-size:8pt; font-family:Times New Roman"><B>Name(*)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Current Position</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Present Principal Outside Occupation and
Employment<BR>History(**)</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Francisco Gonz&aacute;lez Rodr&iacute;guez</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Group Executive Chairman</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Executive Chairman of BBVA since January 2000; Director of Grupo Financiero BBVA Bancomer, S.A. de C.V. and BBVA Bancomer S.A., Instituci&oacute;n de Banca M&uacute;ltiple, Grupo Financiero BBVA Bancomer.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Carlos Torres Vila</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Chief Executive Officer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Chief Executive Officer of BBVA since May 2015. Chairman of the Technology and Cybersecurity Committee. Director of Grupo Financiero BBVA
Bancomer, S.A. de C.V. and BBVA Bancomer S.A., Instituci&oacute;n de Banca M&uacute;ltiple, Grupo Financiero BBVA Bancomer.</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">He started at BBVA on September
2008 holding senior management posts such as Head of Digital Banking from March 2014 to May 2015 and BBVA Strategy&nbsp;&amp; Corporate Development Director from January 2009 to March 2014.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Jos&eacute; Manuel <FONT STYLE="white-space:nowrap">Gonz&aacute;lez-P&aacute;ramo</FONT> Mart&iacute;nez-Murillo</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Global Economics, Regulation&nbsp;&amp; Public Affairs</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Executive Director of BBVA since May&nbsp;29, 2013, and Head of BBVA&#146;s Global Economics, Regulation and Public Affairs. Member of the ECB&#146;s Governing Council and Executive Committee from 2004 to 2012. Chairman of European
DataWarehouse GmbH.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Eduardo Arbizu Lostao</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Legal&nbsp;&amp; Compliance</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Legal department of BBVA since 2002; Managing Director of Barclays Retail Operations in Continental Europe (France, Spain, Portugal, Italy and Greece) from 1997 to 2002.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Domingo Armengol Calvo</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">General Secretary</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">General Secretary of BBVA since 2009. Deputy Secretary of the Board from 2005 to 2009 and Head of the Institutional Legal Department of BBVA from 2000 to 2005.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Juan As&uacute;a Madariaga</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Corporate&nbsp;&amp; Investment Banking</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Corporate&nbsp;&amp; Investment Banking in BBVA. Head of Spain and Portugal in BBVA from 2007 to 2012. Head of Corporate and Middle cap companies of Spain and Portugal in BBVA from 2006 to 2007.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Ricardo Forcano Garc&iacute;a</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Talent&nbsp;&amp; Culture</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Talent&nbsp;&amp; Culture since July 2016. Previously, he held other posts at BBVA such as Head of Business Development Growth Markets from 2015 to 2016 and Head of New Business Models from 2011 to 2012. Prior to joining
BBVA he was Deputy Director of Corporate Strategy of Endesa from 2003 to 2007.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Ricardo G&oacute;mez Barredo</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Accounting&nbsp;&amp; Supervisors</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Accounting&nbsp;&amp; Supervisors since July 2016. Head of Global Accounting and Information Management from 2011 to 2016 and Head of Financial Planning Management Control of BBVA&#146;s Group from 2006 to 2011.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Ricardo Enrique Moreno Garc&iacute;a</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Engineering</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Engineering since May 2015. Previously he was country manager of BBVA in Argentina.</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:Times New Roman" ALIGN="center">162 </P>


<p Style='page-break-before:always'>
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<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="25%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="42%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:29.30pt; font-size:8pt; font-family:Times New Roman"><B>Name(*)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Current Position</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Present Principal Outside Occupation and
Employment<BR>History(**)</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Eduardo Osuna Osuna</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Mexico Country Manager</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Mexico Country Manager since May 2015 and General Manager of BBVA Bancomer. Previously he was Head of Institutional Banking of BBVA Bancomer.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Cristina de Parias Halc&oacute;n</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Spain Country Manager</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Spain Country Manager since March 2014. Head of the Central Area in Spain from 2011 to 2014. She joined BBVA in 1998 and has held positions in digital business development, payment systems,
<FONT STYLE="white-space:nowrap">Uno-e</FONT> and consumer finance from 1998 to 2011.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Francisco Javier Rodr&iacute;guez Soler</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Strategy&nbsp;&amp; M&amp;A</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Strategy&nbsp;&amp; M&amp;A since May 2015. Prior to this post, he was Head of M&amp;A and Corporate Development of BBVA from 2010 to 2015. Prior to joining BBVA in 2008, he was Head of Strategy and M&amp;A of
Endesa.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Jaime S&aacute;enz de Tejada Pulido</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Finance</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Finance since March 2014. Head of Spain and Portugal from 2012 to 2014. Business Development Manager of Spain and Portugal at BBVA from 2010 to 2012. Central Area Manager of Madrid and Castilla La Mancha from 2007 to
2010.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Jorge <FONT STYLE="white-space:nowrap">S&aacute;enz-Azc&uacute;naga</FONT> Carranza</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Country Monitoring</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Country Monitoring since July 2016. He joined BBVA in 1993 and he has held various senior posts such as Head of CEO Office from 2002 to 2005, Head of Strategy and Planning, Spain&nbsp;&amp; Portugal from 2008 to 2013 and
Country Networks&#151;Head of Business Monitoring Spain, USA and Turkey from 2015 to 2016.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Jos&eacute; Luis de los Santos Tejero</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Internal Audit</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Internal Audit since February 2002, and senior manager since May 2015. From October 1999 until December 2001 he was Deputy Director of Internal Audit and Director of Methodology and Specialized Areas. Between June 1998 and
October 1999 he was Director of Internal Audit of the Argentaria Group.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Rafael Salinas Mart&iacute;nez de Lecea</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Global Risk Management</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Global Risk Management since May 2015. Prior to this post, he was Head of Risk Management at Corporate and Investment Banking with global responsibilities for large corporates&#146; credit portfolio and markets and
counterparty risks.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Derek Jensen White</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Customer Solutions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head of Customer Solutions since May 2016. Prior to joining BBVA he held various senior posts at Barclays such as Chief Customer Experience Officer, Global Retail&nbsp;&amp; Business Banking from 2011 to 2013 and Chief
Design&nbsp;&amp; Digital Officer from 2013 to 2016.</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(*)</TD>
<TD ALIGN="left" VALIGN="top">On March 29, 2017, David Puente Vicente was appointed to act as Head of Data and senior manager of BBVA. In accordance with applicable law, Mr. Puente will start performing the functions corresponding to such position
once he receives the relevant suitability authorization from the European Central Bank. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(**)</TD>
<TD ALIGN="left" VALIGN="top">Where no date is provided, positions are currently held. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>B. <A NAME="tx368256_30"></A>Compensation
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The provisions of BBVA&#146;s Bylaws that relate to compensation of directors are in accordance with the relevant provisions of
Spanish law. Furthermore, BBVA has a remuneration policy for BBVA directors (the &#147;<B>Directors&#146; </B><B>Remuneration Policy</B>&#148;) which is aligned with the specific regulations applicable to credit institutions and the best practices
on the market. </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:Times New Roman" ALIGN="center">163 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Directors&#146; Remuneration Policy </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Directors&#146; Remuneration Policy for 2015, 2016 and 2017 was approved by the general shareholders&#146; meeting held on March&nbsp;13,
2015, by a majority of 95.41%. This policy is available at our website (www.bbva.com). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">BBVA has defined its Directors&#146; Remuneration
Policy on the basis of the general principles of BBVA Group&#146;s remuneration policy, additionally taking into consideration the necessary compliance with legal requirements applicable to credit institutions and the alignment with best practices
on the market, having incorporated elements aimed at reducing exposure to excessive risks and adjusting remuneration to the targets, values and long-term interests of the Bank. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to this Directors&#146; Remuneration Policy, the system of variable remuneration for executive directors is based on a sole incentive
that is assigned annually, yet combining indicators that are assessed annually with multi-year (long-term) indicators, the combination of which seeks to allow effective alignment of the remuneration of executive directors with the long-term
interests of BBVA and its stakeholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For years 2017, 2018 y 2019, a new Directors&#146; Remuneration Policy has been approved by the
general shareholders&#146; meeting, held on March&nbsp;17, 2017 introducing certain changes primarily to the system of variable remuneration for executive directors. The main features of the new policy are the following: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The deferred component of variable remuneration for executive directors has been increased to 60% of variable remuneration. Likewise, the deferral period has been increased from three to five years. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The new Remuneration Policy includes an increase from 50% to 60% in the share-based component of deferred variable remuneration. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">New malus and clawback arrangements to variable remuneration have been included (and are summarized hereunder) for the forfeiture and clawback of variable remuneration of executive directors, in line with the criteria
set forth in new regulations. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The Chief Executive Officer&#146;s previous defined-benefit pension scheme has been transformed into a defined-contribution scheme. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">As required by new regulations, 15% of the annual contributions agreed to executive directors&#146; and senior manager&#146;s pension schemes are now considered &#147;discretionary pension benefits&#148;.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Contractual conditions applicable to payments for termination of contracts have been modified. The possibility for the Chief Executive Officer to receive his retirement pension in advance has been eliminated, as has the
Head of GERPA&#146;s severance payment entitlement. Both directors are now subject to a post-contractual <FONT STYLE="white-space:nowrap">non-compete</FONT> agreement of two years duration and amounting to two times their annual fixed remuneration.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Executive directors shall not be allowed to use personal hedging strategies or insurance in connection with remuneration and responsibility that may undermine the effects of alignment with sound risk management.
Additionally, under the new Remuneration Policy, only deferred portions in cash of variable remuneration shall be subject to updating. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The new Remuneration Policy includes a commitment for executive directors not to transfer a number of shares equivalent to twice their annual fixed remuneration for a period of, at least, three years from the time of
their vesting. The general <FONT STYLE="white-space:nowrap">one-year</FONT> retention period applicable to all shares vested as variable remuneration is however maintained. The aforementioned holding periods shall not apply to the transfer of those
shares required to honor the payment of taxes. </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:Times New Roman" ALIGN="center">164 </P>


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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The new Remuneration Policy envisages a clearer allocation between fixed and variable components of remuneration, as well as criteria to determine these components. A change in the balance between the fixed and variable
components of remuneration has been established, to better align it with applicable regulations, providing more flexibility to variable remuneration with respect to fixed remuneration. Said change in no case entails an increase in the total
remuneration of beneficiaries. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The variable component of the remuneration of executive directors for a financial year shall continue to be limited to a maximum amount of 100% of the fixed component of total remuneration, unless the general
shareholders&#146; meeting resolves to increase this percentage up to 200%. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The changes envisaged in the new
Directors&#146; Remuneration Policy are framed within the modification of the remuneration policy for those categories of staff whose professional activities have a significant impact on the Group&#146;s risk profile, among which BBVA&#146;s
executive directors and senior management are included (jointly referred to as the &#147;Identified Staff&#148;), which has been approved by the Board of Directors, at the proposal of the Remuneration Committee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As regards malus and clawback arrangements, the new Directors&#146; Remuneration Policy prescribes: that up to 100% of the annual variable
remuneration of each Identified Staff member corresponding to each financial year shall be subject to malus and clawback arrangements, both linked to a downturn in financial performance of the Bank as a whole, or of a specific unit or area, or of
exposures generated by an Identified Staff member, when such downturn in financial performance arises from any of the following circumstances: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">a)&nbsp;&nbsp;&nbsp;&nbsp;misconduct, fraud or serious infringement of the Code of Conduct and other applicable internal rules by an Identified
Staff member; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">b)&nbsp;&nbsp;&nbsp;&nbsp;regulatory sanctions or judicial convictions due to events that could be attributed to a specific
unit or to the staff responsible for such events; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">c)&nbsp;&nbsp;&nbsp;&nbsp;significant failure of risk management committed by the Bank
or by a business or risk control unit, to which the willful misconduct or gross negligence of an Identified Staff member was a contributing factor; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">d)&nbsp;&nbsp;&nbsp;&nbsp;restatement of the Bank&#146;s annual accounts, except where such restatement is due to a change in applicable
accounting legislation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For these purposes, the Bank will compare the performance assessment carried out for the Identified Staff member
with the ex post behavior of some of the criteria that contributed to achieve the targets. Both malus and clawback will apply to the annual variable remuneration of the financial year in which the event giving rise to application of the arrangement
occurred, and they shall be in force during the entire period of deferral and retention applicable to the annual variable remuneration. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding the foregoing, in the event that these scenarios give rise to a dismissal or termination of contract of the Identified Staff
member due to serious and guilty breach of duties, malus arrangements may apply to the entire deferred annual variable remuneration pending payment at the date of the dismissal or termination of contract, in light of the extent of the damage caused.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In any case, the variable remuneration is paid or vests only if it is sustainable according to the Group&#146;s situation as a whole, and
justified on the basis of the performance of the Bank, the business unit and of the Identified Staff member concerned. </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:Times New Roman" ALIGN="center">165 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Malus and clawback arrangements will be applicable to the annual variable remuneration awarded as
of the year 2016, inclusive. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The full text of the Directors&#146; Remuneration Policy approved by the general shareholders&#146; meeting
is available at the Bank&#146;s website <U>(www.bbva.com)</U>. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Remuneration for <FONT STYLE="white-space:nowrap">non-executive</FONT> directors
received in 2016 </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The remuneration paid to the <FONT STYLE="white-space:nowrap">non-executive</FONT> members of the Board of
Directors during 2016 is indicated below in thousands of euros. The figures are given individually for each <FONT STYLE="white-space:nowrap">non-executive</FONT> director and itemized: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Board of<BR>Directors</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Executive<BR>Committee</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Audit and<BR>Compliance<BR>Committee</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Risk<BR>Committee</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Remuneration<BR>Committee</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Appointments<BR>Committee</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Technology&nbsp;and<BR>Cybersecurity<BR>Committee</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tom&aacute;s Alfaro Drake</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">129</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">71</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">102</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">338</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Jos&eacute; Miguel Andr&eacute;s Torrecillas</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">129</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">179</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">107</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">445</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Jos&eacute; Antonio Fern&aacute;ndez Rivero</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">129</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">350</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Bel&eacute;n Garijo L&oacute;pez</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">129</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">71</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">232</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Sunir Kumar Kapoor (1)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">107</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">132</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Carlos Loring Mart&iacute;nez de Irujo</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">129</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">379</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Lourdes M&aacute;iz Carro</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">129</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">71</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">231</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Jos&eacute; Maldonado Ramos</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">129</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">167</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">336</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Jos&eacute; Luis Palao <FONT STYLE="white-space:nowrap">Garc&iacute;a-Suelto</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">129</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">107</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">278</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Juan Pi Llorens</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">129</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">91</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">325</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Susana Rodr&iacute;guez Vidarte</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">129</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">167</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">107</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">443</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">James Andrew Stott (2)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">107</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">325</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total (3)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,502</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>584</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>464</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>642</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>257</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>265</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>100</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,813</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Sunir Kumar Kapoor was appointed director by the general shareholders&#146; meeting held on March&nbsp;11, 2016. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">James Andrew Stott was appointed director by the general shareholders&#146; meeting held on March&nbsp;11, 2016. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">Includes the amounts received as members of the different Committees during 2016. The composition of the Committees was changed in March&nbsp;31, 2016. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, Ram&oacute;n Bustamante y de la Mora and Ignacio Ferrero Jordi, who ceased as directors on March&nbsp;11, 2016, received in 2016
the total amount of &#128;70&nbsp;thousand and &#128;85&nbsp;thousand, respectively, as members of the Board of Directors and certain Board Committees. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Moreover, during 2016, &#128;132&nbsp;thousand was paid in healthcare and casualty insurance premiums for
<FONT STYLE="white-space:nowrap">non-executive</FONT> directors. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Remuneration for executive directors received in 2016 </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The remuneration scheme for executive directors is in line with the general model applied to BBVA&#146;s Senior Management. This comprises a
fixed remuneration and a variable remuneration, which is based on a single incentive (hereinafter, the &#147;<B>Annual Variable Remuneration</B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">During 2016, executive directors were paid the amount of fixed remuneration corresponding to that year and the Annual Variable Remuneration
corresponding to 2015, which was paid during the first quarter of 2016, according to the settlement and payment system set out in the applicable Directors&#146; Remuneration Policy, as approved by the general shareholders&#146; meeting held on
March&nbsp;13, 2015, which provides the following: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Subject to the conditions set forth below, 50% of the Annual Variable Remuneration is paid in cash and the remaining 50% is paid in BBVA shares. </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:Times New Roman" ALIGN="center">166 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">50% of such cash amount and shares, respectively, is deferred in its entirety for a three-year period, with cliff vesting at the end of such period, and its accrual and vesting is subject to compliance with a series of
multi-year indicators. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Any shares that are vested as part of the Annual Variable Remuneration are subject to a <FONT STYLE="white-space:nowrap">one-year</FONT> retention period as from their respective vesting, except with respect to an
amount of shares which sale would allow for the payment of any tax accruing on the shares received. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">No hedging strategies may be carried out on the <FONT STYLE="white-space:nowrap">locked-up</FONT> shares or on the shares pending to be received. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Circumstances have been established in which the unvested deferred portion of the Annual Variable Remuneration may be subject to forfeiture (<I>malus clauses</I>). </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The deferred portion of the Annual Variable Remuneration shall be updated under the terms established by the Board of Directors. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, in the first quarter of 2016, executive directors received the relevant deferred portions of the Annual Variable Remuneration
corresponding to 2014, 2013 and 2012, which were vested in application of the settlement and payment system for the Annual Variable Remuneration corresponding to such years, under the applicable policy for such years. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The remuneration paid to executive directors during 2016 is indicated below in thousands of euros, for cash amounts, and number of shares, for
share amounts. The figures are given individually for each executive director and itemized: </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:10pt" ALIGN="center">


<TR>
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<TD></TD>
<TD></TD>
<TD></TD>
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<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Fixed<BR>Remuneration<BR>in Cash</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>2015 Annual<BR>Variable<BR>Remuneration<BR>in Cash (1)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Deferred<BR>Variable<BR>Remuneration<BR>in Cash (2)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Total<BR>Cash</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>2015 Annual<BR>Variable<BR>Remuneration<BR>in BBVA<BR>Shares (1)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Deferred<BR>Variable<BR>Remuneration<BR>in BBVA<BR>Shares (2)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Total<BR>Shares</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Group Executive Chairman</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,966</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">897</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">893</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,756</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">135,300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">103,112</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">238,412</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">CEO (*)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,923</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">530</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">240</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,693</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">79,956</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,823</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">107,779</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Head of Global Economics, Regulation&nbsp;&amp; Public Affairs (&#147;Head of
GERPA&#148;)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">800</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">98</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">945</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,815</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,449</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,264</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,689</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,526</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,180</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>7,394</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>230,071</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>136,384</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>366,455</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(*)</TD>
<TD ALIGN="left" VALIGN="top">The variable remuneration paid to the CEO includes the remuneration accrued as Digital Banking Officer during the period in which he held this position in 2015 (four months). </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Amounts corresponding to 50% of 2015 Annual Variable Remuneration. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">Amounts corresponding to the sum of the deferred portions of the Annual Variable Remuneration from previous years (2014, 2013 and 2012), and their respective adjustments in cash for updating their value, payment or
delivery of which was made in 2016, in application of the settlement and payment system, as broken down below: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Annual Variable Remuneration for 2014</I>&#151; The executive directors received the amount corresponding to the first third of the deferred Annual Variable Remuneration for 2014, both in cash and shares:
&#128;302&nbsp;thousand and 37,392 BBVA shares for the Group Executive Chairman; &#128;95&nbsp;thousand and 11,766 BBVA shares for the CEO; and &#128;30&nbsp;thousand and 3,681 BBVA shares for the Head of GERPA. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Annual Variable Remuneration for 2013</I>&#151;The executive directors received the amount corresponding to the second third of the deferred Annual Variable Remuneration for 2013, both in cash and shares:
&#128;289&nbsp;thousand and 29,557 BBVA shares for the Group Executive Chairman; &#128;78&nbsp;thousand and 7,937 BBVA shares for the CEO; and &#128;17&nbsp;thousand and 1,768 BBVA shares for the Head of GERPA. </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:Times New Roman" ALIGN="center">167 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Annual Variable Remuneration for 2012</I>&#151; The Group Executive Chairman and the CEO received the amount corresponding to the final third of the deferred Annual Variable Remuneration for 2012, both in cash and
shares: &#128;301&nbsp;thousand and 36,163 BBVA shares for the Group Executive Chairman; and &#128;68&nbsp;thousand and 8,120 BBVA shares for the CEO. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In application of the settlement and payment system of Annual Variable Remuneration for the years 2013 and 2014, during the first quarter of
each of the next two years, the executive directors will receive the deferred portions of the Annual Variable Remuneration from such years (2014 and 2013), as applicable, and subject to the relevant conditions, while 50% of the Annual Variable
Remuneration corresponding to the year 2015 will vest, subject to the terms and conditions described above, in 2019. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">During 2016,
executive directors received payment in kind, including insurance premiums, and others, for a total amount of &#128;240&nbsp;thousand, of which &#128;17&nbsp;thousand corresponded to the Group Executive Chairman; &#128;139&nbsp;thousand to the CEO;
and &#128;84&nbsp;thousand to the Head of GERPA. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Annual Variable Remuneration for executive directors for year 2016 </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Following <FONT STYLE="white-space:nowrap">year-end</FONT> 2016, the Annual Variable Remuneration for executive directors corresponding to that
year was determined based on the conditions established for that purpose at its beginning, as set forth in the Directors&#146; Remuneration Policy approved by the general shareholders&#146; meeting held on March&nbsp;13, 2015. Consequently, during
the first quarter of 2017, executive directors received 50% of the 2016 Annual Variable Remuneration, in equal parts in cash and in shares, i.e., &#128;734&nbsp;thousand and 114,204 BBVA shares for the Group Executive Chairman;
&#128;591&nbsp;thousand and 91,915 BBVA shares for the CEO; and &#128;89&nbsp;thousand and 13,768 BBVA shares for the Head of GERPA. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
payment of the remaining 50%, in cash and in shares, has been deferred for a three-year period, and its accrual and vesting will be subject to compliance with multi-year indicators established by the Board of Directors at the beginning of each year.
Based on the result of each multi-year indicator during the deferred period and applying the relevant performance scales and weightings, the final amount of the deferred Annual Variable Remuneration will be determined after the end of the three-year
deferral period. The deferred Annual Variable Remuneration may be reduced and may even reach zero, but in no event may be increased, as a result of these adjustments. The maximum amounts that could be received during the first quarter of 2020
corresponding to the deferred Annual Variable Remuneration for 2016 are: &#128;734&nbsp;thousand and 114,204 BBVA shares for the Group Executive Chairman; &#128;591&nbsp;thousand and 91,915 BBVA shares for the CEO; and &#128;89&nbsp;thousand and
13,768 BBVA shares for the Head of GERPA; in each case subject to the settlement and payment system established in the Directors&#146; Remuneration Policy applicable to 2016 Annual Variable Remuneration. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Remuneration for Senior Management received in 2016 </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">During 2016, the remuneration paid to the members of the BBVA Senior Management as a whole, excluding the executive directors, is indicated
below in thousands of euros for cash amounts and number of shares for shares amounts. </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:8pt" ALIGN="center">


<TR>
<TD WIDTH="57%"></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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Fixed<BR>Remuneration<BR>in Cash</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>2015 Annual<BR>Variable<BR>Remuneration<BR>in Cash (1)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Deferred<BR>Variable<BR>Remuneration<BR>in Cash (2)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Total<BR>Cash</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>2015 Annual<BR>Variable<BR>Remuneration<BR>in BBVA<BR>Shares (1)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Deferred<BR>Variable<BR>Remuneration<BR>in BBVA<BR>Shares (2)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Total<BR>Shares</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Total&nbsp;Members&nbsp;of&nbsp;the&nbsp;Senior&nbsp;Management&nbsp;(*)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,115</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,457</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,343</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,915</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">370,505</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">155,746</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">526,251</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(*)</TD>
<TD ALIGN="left" VALIGN="top">Includes aggregate information regarding the members of the BBVA Group Senior Management, excluding executive directors, who were members of the Senior Management at December&nbsp;31, 2016 (14 members).
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Amounts corresponding to 50% of 2015 Annual Variable Remuneration. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">Amounts corresponding to the sum of the deferred parts of the Annual Variable Remuneration from previous years (2014, 2013 and 2012) and their corresponding adjustments in cash for updating their value, payment or
delivery of which was made in 2016 to the members of the Senior Management who had accrued this right, as broken down below: </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:Times New Roman" ALIGN="center">168 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Annual Variable Remuneration for 2014</I>&#151; The relevant members of the BBVA Group Senior Management, excluding executive directors, received the amount corresponding to the first third of the deferred Annual
Variable Remuneration for 2014, with an aggregate amount of &#128;515&nbsp;thousand and 63,862 BBVA shares. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Annual Variable Remuneration for 2013</I>&#151; The relevant members of the BBVA Group Senior Management, excluding executive directors, received the amount corresponding to the second third of the deferred Annual
Variable Remuneration for 2013, with an aggregate amount of &#128;434&nbsp;thousand and 44,426 BBVA shares. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Annual Variable Remuneration for 2012</I>&#151; The relevant members of the BBVA Group Senior Management, excluding executive directors, received the amount corresponding to the final third of the deferred Annual
Variable Remuneration for 2012: the aggregate amount of &#128;395&nbsp;thousand and 47,458 BBVA shares. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">During the first
quarter of each of the next two years, members of the Senior Management will receive the amounts that correspond to them under the settlement and payment system of the variable remuneration applicable to each such member, stemming from the
settlement of the deferred Annual Variable Remuneration for previous years (2014 and 2013) and subject to the conditions established therein, while 50% of the Annual Variable Remuneration corresponding to the year 2015 will vest, subject to the
terms and conditions previously described for executive directors, in 2019. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Additionally, in 2016, members of the Senior Management,
excluding executive directors, received remuneration in kind (including insurance premiums and others) in an aggregate amount of &#128;664&nbsp;thousand. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>System of remuneration in shares with deferred delivery for <FONT STYLE="white-space:nowrap">non-executive</FONT> directors </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">BBVA has a remuneration system in shares with deferred delivery for its <FONT STYLE="white-space:nowrap">non-executive</FONT> directors, which
was originally approved by the general shareholders&#146; meeting held on March&nbsp;18, 2006 and extended under the general shareholders&#146; meeting resolutions dated on March&nbsp;11, 2011 and March&nbsp;11, 2016, for a further five-year period
in each case. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This system consists in the annual allocation of a number of &#147;theoretical shares&#148; to the <FONT
STYLE="white-space:nowrap">non-executive</FONT> directors, equivalent to 20% of the total cash remuneration received by each of them in the previous year, according to the closing prices of BBVA shares during the sixty trading sessions prior to the
dates of the annual general shareholders&#146; meetings approving the corresponding financial statements for each year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The shares, where
applicable, will be delivered to each beneficiary on the date such beneficiary leaves directorship on any grounds other than serious dereliction of duty. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The number of &#147;theoretical shares&#148; allocated in 2016 to each <FONT STYLE="white-space:nowrap">non-executive</FONT> director, as
beneficiary of the system of remuneration in shares with deferred delivery, corresponding to 20% of the total cash remuneration received by said beneficiaries in 2015, was as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Theoretical&nbsp;shares<BR>allocated&nbsp;in</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>2016</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Theoretical&nbsp;shares</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>accumulated&nbsp;as of</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>December 31,<BR>2016</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tom&aacute;s&nbsp;Alfaro&nbsp;Drake</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,363</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62,452</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Jos&eacute;&nbsp;Miguel&nbsp;Andr&eacute;s&nbsp;Torrecillas</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,808</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,808</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Jos&eacute;&nbsp;Antonio&nbsp;Fern&aacute;ndez&nbsp;Rivero</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,633</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">91,046</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Bel&eacute;n&nbsp;Garijo&nbsp;L&oacute;pez</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,597</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,463</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Carlos&nbsp;Loring&nbsp;Mart&iacute;nez&nbsp;de&nbsp;Irujo</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,127</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74,970</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Lourdes&nbsp;M&aacute;iz&nbsp;Carro</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,812</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,443</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Jos&eacute;&nbsp;Maldonado&nbsp;Ramos</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,669</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57,233</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><FONT STYLE="white-space:nowrap">Jos&eacute;&nbsp;Luis&nbsp;Palao&nbsp;Garc&iacute;a-Suelto</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,070</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51,385</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Juan&nbsp;Pi&nbsp;Llorens</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,179</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32,374</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Susana&nbsp;Rodr&iacute;guez&nbsp;Vidarte</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,605</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">78,606</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">102,863</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">485,780</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In addition, in 2016, Ram&oacute;n Bustamante y de la Mora and Ignacio Ferrero Jordi, who ceased as directors on March&nbsp;11, 2016, were allocated 8,709 and 11,151 theoretical shares, respectively. </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:Times New Roman" ALIGN="center">169 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Pension commitments </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The commitments undertaken regarding pension benefits for the Chief Executive Officer and the Head of GERPA, pursuant to BBVA&#146;s Bylaws and
their respective contracts with the Bank, include a pension system covering retirement, disability and death. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Up until December&nbsp;31,
2016, the Chief Executive Officer&#146;s contractual conditions determined that he would retain the defined-benefit pension system to which he was entitled previously as senior manager in the Group, with the benefits and the provisions being
adjusted to the remuneration conditions derived from his position as Chief Executive Officer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As regards the Head of GERPA, up until
December&nbsp;31, 2016, he retained the same pension system he had had since his appointment as executive director in 2013, which comprised a defined-contributions system amounting to 20% of his annual fixed remuneration to cover retirement
commitments and provisions covering death and disability. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the aforementioned pension commitments in place, the provisions
recorded as of December 31, 2016 to cover pension commitments undertaken for the Chief Executive Officer amounted to &#128;16,051&nbsp;thousand, of which, during 2016 and according to applicable accounting regulations, &#128;2,342&nbsp;thousand were
provisioned against earnings of the year and &#128;836&nbsp;thousand against equity, in order to adapt to the interest rate assumption used for the valuation of pension commitments in Spain. In the case of the Head of GERPA, the provisions recorded
as of December 31, 2016 amounted to &#128;609&nbsp;thousand, of which &#128;310 were provisioned against earnings of the year. In both cases, these amounts include the provisions covering retirement, as well as death and disability. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There were no other pension obligations in favor of other executive directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The provisions recorded as of December 31, 2016 for pension commitments relating to members of the Senior Management, excluding executive
directors, amounted to &#128;46,299&nbsp;thousand, of which, during 2016 and according to applicable accounting regulations, &#128;4,895&nbsp;thousand were provisioned against earnings of the year and &#128;2,226&nbsp;thousand against equity, in
order to adapt to the interest rate assumption used for the valuation of pension commitments in Spain. These amounts include the provisions covering retirement, as well as death and disability. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the entry into force of Circular 2/2016, of the Bank of Spain for credit institutions, 15% of the annual contributions agreed
to pension plans of executive directors and members of BBVA&#146;s Senior Management will be considered discretionary pension benefits. As a result, such portion will be treated as deferred variable remuneration, delivered in BBVA shares and subject
to retention and clawback conditions as determined in applicable regulations, as well as to those conditions of variable remuneration applicable under the new Remuneration Policy. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Additionally, and as a result of the newly approved Directors&#146; Remuneration Policy, amendments have been introduced in the contractual
framework of the Chief Executive Officer and the Head of GERPA. </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:Times New Roman" ALIGN="center">170 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As regards the Chief Executive Officer, his pension scheme has been transformed from a
defined-benefit system to a defined-contribution system, with the following main features: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top">Retirement benefits: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="14%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Entitlement to a retirement benefit, when he reaches the legal retirement age, which shall be the amount arising from the annual contributions made by the Bank and applicable yields at that date. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="14%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Annual contributions amount &#128;1,642&nbsp;thousand (subject to update to the same extent as the Annual Fixed Remuneration), determined on the basis of the benefit committed under the previous defined-benefit scheme
and taking into consideration the provision made by the Bank to date to cover such commitment. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="14%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Entitlement to receive the benefit, upon reaching the age of retirement provided he does not leave his position as Chief Executive Officer due to serious breach of duties. The amount of the benefit shall be the
contributions made by the Bank to that date under such terms. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="14%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Application of rules on discretionary pension benefits to 15% of the annual contribution. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top">Death: entitlement to an annual widow&#146;s pension, as well as an orphan&#146;s pension for each child until they reach the age of 25, of an amount equivalent to 70% and 25% (40% in the event of total orphanhood),
respectively, of the annual fixed remuneration. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top">Disability: entitlement to an annual pension in an amount equivalent to the annual fixed remuneration, which would revert to his spouse and children in the event of death in the percentages described above.
</TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As regards the Head of GERPA, the following amendments have been introduced: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top">Retirement benefits included in the defined-contribution scheme: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="14%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Defined-contribution of 30% of annual fixed remuneration. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="14%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Application of rules on discretionary pension benefits to 15% of the annual contribution. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Extinction of
contractual relationship </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Bank does not have any commitments to pay severance indemnity to executive directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of the new contractual framework envisaged in the Directors&#146; Remuneration Policy approved by the annual general
shareholders&#146; meeting held on March&nbsp;17, 2017, payments for the extinction of contractual relationships of the Chief Executive Officer and the Head of GERPA have been amended for 2017 onwards. In this sense, the possibility for the Chief
Executive Officer to receive his retirement pension in advance has been eliminated, as has the Head of GERPA&#146;s severance payment entitlement. The new contractual framework for both directors now includes a post-contractual <FONT
STYLE="white-space:nowrap">non-compete</FONT> agreement for a period of two years after they cease as BBVA executive directors, in accordance to which they shall receive remuneration in an amount equivalent to two times their annual fixed
remuneration, paid over the course of the <FONT STYLE="white-space:nowrap">two-year</FONT> period of <FONT STYLE="white-space:nowrap">non-competition,</FONT> provided that leave of directorship is not due to death, retirement, disability or serious
breach of duties. </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:Times New Roman" ALIGN="center">171 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>C. <A NAME="tx368256_31"></A>Board Practices </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Committees </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our corporate governance
system is based on the distribution of functions between the Board, the Executive Committee and the other specialized Board Committees, namely: the Audit and Compliance Committee; the Appointments Committee; the Remuneration Committee; the Risk
Committee; and the Technology and Cybersecurity Committee. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Executive Committee </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our Board of Directors is assisted in fulfilling its responsibilities by the Executive Committee (<I>Comisi&oacute;n Delegada Permanente</I>)
of the Board of Directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of the date of this Annual Report, BBVA&#146;s Executive Committee is comprised of two executive directors
and four <FONT STYLE="white-space:nowrap">non-executive</FONT> directors, as follows: </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:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:27.50pt; font-size:8pt; font-family:Times New Roman"><B>Position</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Name</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Chairman</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Mr.&nbsp;Francisco Gonz&aacute;lez Rodr&iacute;guez</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Members</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Carlos Torres Vila</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Jos&eacute; Antonio Fern&aacute;ndez Rivero</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Carlos Loring Mart&iacute;nez de Irujo</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Jos&eacute; Maldonado Ramos</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Mrs.&nbsp;Susana
Rodr&iacute;guez Vidarte</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">According to our Board Regulations, the Executive Committee will be apprised of such business as the Board of
Directors resolves to confer on it, in accordance with prevailing legislation, our Bylaws or our Board Regulations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Executive
Committee shall meet on the dates indicated in the annual calendar of scheduled meetings and when the chairman or acting chairman so decides. During 2016, the Executive Committee met seventeen (17)&nbsp;times. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Audit and Compliance Committee </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This committee shall perform the duties required under applicable laws, regulations and our Bylaws. Essentially, its mission is to assist the
Board in overseeing the financial information and the exercise of the Group control duties. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Board Regulations establish that the
Audit and Compliance Committee shall have a minimum of four members, one of which shall be appointed by the Board taking into account his/her knowledge and background in accounting, auditing or both. In accordance with the Board Regulation, they
shall all be independent directors, one of whom shall act as Chairman, also appointed by the Board. See &#147;Item 16.A. Audit Committee Financial Expert&#148;. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of the date of this Annual Report, the Audit and Compliance Committee members are: </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:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:27.50pt; font-size:8pt; font-family:Times New Roman"><B>Position</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Name</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Chairman</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Mr.&nbsp;Jos&eacute; Miguel Andr&eacute;s Torrecillas</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Members</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Tom&aacute;s Alfaro Drake</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mrs.&nbsp;Bel&eacute;n Garijo L&oacute;pez</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mrs.&nbsp;Lourdes
M&aacute;iz Carro</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Juan Pi Llorens</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the Board Regulations and the charter of the Audit and Compliance Committee, the scope of its functions
is as follows (for purposes of the below, &#147;entity&#148; refers to BBVA): </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">report to the general shareholders&#146; meeting on questions raised with respect to those matters falling within the Committee&#146;s competence and, in particular, on the result of the audit explaining how it has
contributed to the completeness of the financial information and the function performed by the Committee in this process; </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:Times New Roman" ALIGN="center">172 </P>


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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">oversee the efficacy of the internal control of the Company, the internal audit and the risk-management systems in the process of drawing up and reporting the regulatory financial information, including tax risks. Also
to discuss with the financial auditor any significant weaknesses in the internal control system detected when the audit is conducted without undermining its independence. For such purposes, and where appropriate, the Committee may submit
recommendations or proposals to the Board of Directors, and the corresponding period for monitoring; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">oversee the process of drawing up and reporting financial information and submit recommendations or proposals to the Board of Directors aimed at safeguarding its completeness;<B> </B> </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">submit to the Board of Directors proposals on the selection, appointment, <FONT STYLE="white-space:nowrap">re-election</FONT> and replacement of the external auditor, taking responsibility for the selection process in
accordance with applicable regulations, as well as their contractual conditions, and regularly collect information from the external auditor regarding the audit plan and its implementation, as well as preserving the auditor&#146;s independence in
the performance of their duties; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">establish correct relations with the external auditor in order to receive information on any matters that may jeopardize their independence, for examination by the Committee, and any others relating to the process of
the financial auditing; as well as those other communications provided for by law and by the auditing regulations. Each year it must unfailingly receive the external auditors&#146; declaration of their independence with regard to the Company or
entities directly or indirectly related to it, as well as detailed and individualized information on additional services provided of any kind and the corresponding fees received by the external auditor or by persons or entities linked to them as
provided for under the legislation on financial auditing; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">each year before the external financial auditor issues their report on the financial statements, to issue a report expressing an opinion on whether the independence of the external financial auditor has been
compromised. This report must unfailingly contain the reasoned valuation of the provision of each of the additional services referred to in the previous subsection, considered individually and as a whole, other than the legally-required audit and
with respect to the regime of independence or to the standards regulating the audit activity; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">report, prior to the Board of Directors adopting resolutions, on all those matters established by law, by our Bylaws and by the Board Regulations, and in particular on: </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the financial information that the Company must periodically publish; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the creation or acquisition of a holding in special-purpose entities or entities domiciled in countries or territories considered tax havens; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">related-party transactions; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">oversee compliance with applicable domestic and international regulations on matters related to money laundering, conduct on the securities markets, data protection and the scope of Group activities with respect to
anti-trust regulations. Also to ensure that any requests for action or information made by official authorities with competence in these matters are dealt with in due time and in due form; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">ensure that the codes of ethics and of internal conduct on the securities market, as they apply to Group personnel, comply with regulatory requirements and are adequate; </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:Times New Roman" ALIGN="center">173 </P>


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<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">especially to oversee compliance with the provisions applicable to directors contained in the Board Regulations, as well as their compliance with the applicable standards of conduct on the securities markets;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">any other duties that may have been allocated under the Board Regulations or attributed to the Committee by a Board of Directors resolution; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the Committee shall also monitor the independence of external auditors. This entails the following two duties: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">preventing any influence over the auditor&#146;s warnings, opinions or recommendations. To this end, ensure that compensation for the auditor&#146;s work does not compromise either its quality or independence, in
compliance with current legislation on auditing at all times; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">stipulating as incompatible the provision of audit and consulting services unless they are works required by supervisors or whose provision by the auditor is allowed by applicable legislation, and there are not
available in the market alternatives as regards content, quality or efficiency of equal value to those which the auditor could provide; in this case approval by the Committee shall be required, but this decision can be delegated in advance to its
Chairman. The auditor shall be prohibited from providing prohibited services outside the audit, in compliance with what is set out at all times by audit legislation. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Committee leads the selection process of the external auditor for the Bank and its Group. It must verify that the audit schedule is being
carried out under the service agreement and that it satisfies the requirements of the competent authorities and the Bank&#146;s governing bodies. The Committee will also require the auditors, at least once each year, to assess the quality of the
Group&#146;s internal oversight procedures. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Audit and Compliance Committee meets as often as necessary to comply with its functions,
although an annual calendar of meetings will be drawn up in accordance with its duties. During 2016, the Audit and Compliance Committee met twelve (12)&nbsp;times. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Executives heading areas that manage matters within the scope of its competence, especially the Accounting, Internal Audit and Compliance
departments, may be called to attend the Audit and Compliance Committee&#146;s meetings and, at the request of these executives, other staff from these departments who have particular knowledge or responsibility in the matters contained in the
agenda, when their presence at the meeting is deemed advisable. However, only the Committee members and the secretary will be present when the results and conclusions of the meeting are assessed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Committee may engage external advisory services for relevant issues when it considers that these cannot be properly provided by experts or
technical staff within the Group on grounds of specialization or independence. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Likewise, the Committee may call on the personal
cooperation and reports of any employee or member of the management team when it considers it necessary to comply with its functions in relevant issues. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Committee has its own specific regulations, approved by the Board of Directors. These are available on our website and, amongst other
things, regulate its operation. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Appointments Committee </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Appointments Committee is tasked with assisting the Board on issues related to the selection and appointment of Board members and other
matters contained in the Board Regulations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In compliance with the Board Regulations, this Committee shall comprise a minimum of three
members who must be <FONT STYLE="white-space:nowrap">non-executive</FONT> directors appointed by the Board of Directors, which will also appoint its Chairman. The Chairman and the majority of its members must be independent directors. </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:Times New Roman" ALIGN="center">174 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of the date of this Annual Report, the members of the Appointments Committee are: </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:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:27.50pt; font-size:8pt; font-family:Times New Roman"><B>Position</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Name</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Chairman</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Mr.&nbsp;Tom&aacute;s Alfaro Drake</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Members</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Jos&eacute; Miguel Andr&eacute;s Torrecillas</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mrs.&nbsp;Lourdes M&aacute;iz Carro</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Jos&eacute;
Maldonado Ramos</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Mrs.&nbsp;Susana Rodr&iacute;guez Vidarte</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The duties of the Appointments Committee under the Board Regulations are as follows: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">submit proposals to the Board of Directors on the appointment, reelection or separation of independent directors and report on proposals for the appointment, <FONT STYLE="white-space:nowrap">re-election</FONT> or
separation of the other directors. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">To such end, the Committee will evaluate the balance of skills, knowledge and expertise
on the Board of Directors, as well as the conditions that candidates should display to fill the vacancies arising, assessing the dedication necessary to be able to suitably perform their duties in view of the needs that the Company&#146;s governing
bodies may have at any time. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">The Committee will ensure that when filling new vacancies, the selection procedures are not marred by
implicit biases that may entail any discrimination and in particular discrimination that may hinder the selection of female directors, trying to ensure that women who display the professional profile being sought are included on the shortlists. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Likewise, when drawing up proposals within its scope of competence for the appointment of directors the Committee will take into account in
case they may be considered suitable, any applications that may be made by any member of the Board of Directors for potential candidates to fill the vacancies; </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">submit proposals to the Board of Directors for policies on the selection and diversity of members of the Board of Directors; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">establish a target for representation of the underrepresented gender in the Board of Directors and draw up guidelines on how to reach that target; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">analyze the structure, size and composition of the Board of Directors, at least once a year when carrying out its operational assessment; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">analyze the suitability of the various members of the Board of Directors; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">perform an annual review of the status of each director, so that this may be reflected in the annual corporate governance report; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">report the proposals for the appointment of the Chairman and the Secretary and, where applicable, the Deputy Chairman and the Deputy Secretary; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">report on the performance of the duties of the Chairman of the Board, for the purposes of the periodic assessment by the Board of Directors, under the terms established in the Board Regulations; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">examine and organize the succession of the Chairman in conjuction with the Lead Director and, as applicable, file proposals with the Board of Directors so that the succession takes place in a planned and orderly manner;
</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:Times New Roman" ALIGN="center">175 </P>


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<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">review the Board of Directors&#146; policy on the selection and appointment of members of senior management, and file recommendations with the Board when applicable; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">report on proposals for appointment and separation of senior managers; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">any other duties that may have been allocated under the Board Regulations or attributed to the Committee by a Board of Directors resolution or by applicable legislation. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In the performance of its duties, the Appointments Committee will consult with the Chairman of the Board via the Committee chair, especially
with respect to matters related to executive directors and senior managers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In accordance with our Board Regulations, the Committee may
request the attendance at its sessions of persons with tasks in the Group that are related to the Committee&#146;s duties. It may also obtain such advice as may be necessary to establish an informed opinion on matters related to its business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The chair of the Appointments Committee will convene it as often as necessary to perform its functions. During 2016, the Appointments
Committee met eight (8)&nbsp;times. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Remuneration Committee </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Remuneration Committee&#146;s essential function is to assist the Board of Directors in matters relating to the remuneration policy for
directors, senior managers and employees whose professional activities have a material impact on the Company&#146;s risk profile. It seeks to ensure that the remuneration policy established by the Company is duly observed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the Board Regulations, the Committee will comprise a minimum of three members who must be
<FONT STYLE="white-space:nowrap">non-executive</FONT> directors appointed by the Board, which will also appoint its Chairman. The Chairman and the majority of its members must be independent directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of the date of this Annual Report, the members of the Remuneration Committee are: </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:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:27.50pt; font-size:8pt; font-family:Times New Roman"><B>Position</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Name</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Chairman</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Mr.&nbsp;Juan Pi Llorens</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Members</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Jos&eacute; Antonio Fern&aacute;ndez Rivero</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mrs.&nbsp;Bel&eacute;n Garijo L&oacute;pez</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;James Andrew
Stott</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In accordance with the Board Regulations, the scope of the functions of the Remuneration Committee is as
follows: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">propose to the Board of Directors, for its submission to the shareholders&#146; general meeting, the directors&#146; remuneration policy, with respect to its items, amounts, and parameters for its determination and its
vesting. Also to submit the corresponding report, in the terms established by applicable law at any time; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">determine the extent and amount of the individual remunerations, entitlements and other economic compensations and other contractual conditions for the executive directors, so that these can be reflected in their
contracts. The Committee&#146;s proposals on such matters will be submitted to the Board of Directors; </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:Times New Roman" ALIGN="center">176 </P>


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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">propose the annual report on the remuneration of the Bank&#146;s directors to the Board of Directors each year, which will then be submitted to the annual shareholders&#146; general meeting, in compliance with the
applicable legislation; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">propose the remuneration policy to the Board of Directors for senior managers and employees whose professional activities have a significant impact on the Company&#146;s risk profile; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">propose the basic conditions of the senior management contracts to the Board of Directors, and directly supervise the remuneration of the senior managers in charge of risk management and compliance functions within the
Company; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">oversee observance of the remuneration policy established by the Company and periodically review the remuneration policy applied to directors, senior managers and employees whose professional activities have a
significant impact on the Company&#146;s risk profile; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">verify the information on directors and senior managers remunerations contained in the different corporate documents, including the annual report on directors&#146; remuneration; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">any other duties that may have been allocated under the Board Regulations or attributed to the Committee by a Board of Directors resolution or by applicable legislation. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In the performance of its duties, the Remuneration Committee will consult with the Chairman of the Board via the Committee chair, especially
with respect to matters related to executive directors and senior managers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to our Board Regulations, the Committee may request
the attendance at its meetings of persons with tasks in the Group that are related to the Committee&#146;s duties. It may also obtain such advice as may be necessary to establish an informed opinion on matters related to its business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Chairman of the Remuneration Committee will convene it as often as necessary to comply with its functions. During 2016, the Remuneration
Committee met six (6)&nbsp;times. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Risk Committee </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Board&#146;s Risk Committee&#146;s essential function is to assist the Board of Directors in the determination and monitoring of the Group
risk management and control policy and its strategy within this scope. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Risk Committee will comprise a minimum of three members,
appointed by the Board of Directors, which will also appoint its Chairman. All Committee members must be <FONT STYLE="white-space:nowrap">non-executive</FONT> directors, of whom at least one third must be independent directors. Its Chairman must
also be an independent director. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of the date of this Annual Report, the members of the Risk Committee are: </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:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:27.50pt; font-size:8pt; font-family:Times New Roman"><B>Position</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Name</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Chairman</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Mr.&nbsp;James Andrew Stott</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Members</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Jos&eacute; Miguel Andr&eacute;s Torrecillas</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Carlos Loring Mart&iacute;nez de Irujo</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Mrs.&nbsp;Susana
Rodr&iacute;guez Vidarte</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:Times New Roman" ALIGN="center">177 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the Board Regulations, it has the following duties: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">analyze and assess proposals related to the Group&#146;s risk management, control and strategy. In particular, these will identify: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="14%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the Group&#146;s risk appetite; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="14%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">establishment of the level of risk considered acceptable according to the risk profile and capital at risk, broken down by the Group&#146;s businesses and areas of activity; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">analyze and assess the control and management policies for the Group&#146;s different risks and information and internal control systems; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the measures established to mitigate the impact of the risks identified, should they materialize; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">monitor the performance of the Group&#146;s risks and their fit with the strategies and policies defined and the Group&#146;s risk appetite; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">analyze, prior to submitting them to the Board of Directors or the Executive Committee, those risk transactions that must be put to its consideration; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">review whether the prices of assets and liabilities offered to customers take fully into account the Bank&#146;s business model and risk strategy and, if not, present a remedy plan to the Board of Directors;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">participate in the process of establishing the remuneration policy, checking that it is consistent with sound and effective risk management and does not encourage risk-taking that exceeds the level of tolerated risk of
the Company; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">check that the Company and its Group has the means, systems, structures and resources in line with best practices that enable it to implement its risk-management strategy, ensuring that the entity&#146;s risk management
mechanisms are matched to its strategy; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">any other duties that may have been allocated under the Board Regulations or attributed to the Committee by a Board of Directors resolution or by applicable legislation. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to our Board Regulations, the Committee may request the attendance of the Group Risks Officer at its meetings and also of other
executives heading different risks areas or the persons who, within the Group organisation, have missions related to its functions. It may also obtain such advice as may be necessary to establish an informed opinion on matters related to its
business. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Committee meets as often as necessary to comply with its duties, usually once a week. In 2016, it held thirty-eight
(38)&nbsp;meetings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Committee has its own specific regulations, approved by the Board of Directors. These are available on our
website and, amongst other things, regulate its operation. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Technology and Cybersecurity Committee </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Technology and Cybersecurity Committee&#146;s essential functions are to assist the Board of Directors in the understanding of the risks
associated to technology and information systems related to the Group&#146;s activity and the oversight of its management and control and in the supervision of the infrastructure and technology strategy of 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:Times New Roman" ALIGN="center">178 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Technology and Cybersecurity Committee will have a minimum of three members appointed by the
Board among its directors, which will nominate the chairman of this Committee. For this purpose, the Board will take into consideration the knowledge and experience in technology, information systems and cyber-security matters of its members. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of the date of this Annual Report, the members of the Technology and Cybersecurity Committee are: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
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<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:27.50pt; font-size:8pt; font-family:Times New Roman"><B>Position</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Name</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Chairman</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Mr.&nbsp;Carlos Torres Vila</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Members</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Tom&aacute;s Alfaro Drake</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Sunir Kumar Kapoor</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Juan Pi Llorens</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;James Andrew Stott</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under its regulations, the Technology and Cybersecurity Committee has the following responsibilities: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">- Oversight of technology-related risks and cyber-security management, which include the following: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Assess the main technology-related risks to which the Bank is exposed, including information security and cyber-security risks, and the steps management has taken to monitor and control its exposure to such risks.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Review policies and systems in place for the assessment, control and management of the Group&#146;s technology-related risks and its infrastructure, including responses to cyber-attacks and recovery plans.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Obtain business continuity planning reports on technology and infrastructure matters from management. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Obtain reports from management, as and when appropriate, on: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">IT-related</FONT> compliance risks; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The steps taken to identify, assess, monitor, manage and mitigate those risks. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Additionally, the Technology and Cybersecurity Committee will be informed of any relevant event that may occur regarding cyber-security issues. These are deemed to be those which, individually or in the aggregate, may
have a material impact on the Group&#146;s equity, results of operation or reputation. In any case, such events shall be informed to the chair of the Committee as soon as possible. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">- Keeping abreast about the technology strategy of the Group, which include the following: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Obtaining reports from management, as and when appropriate, on technology strategy and trends that may affect the Company&#146;s strategic plans, including the monitoring of overall industry trends. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Obtaining reports from management, as and when appropriate, on the metrics established by the Group for the management and control of <FONT STYLE="white-space:nowrap">IT-related</FONT> matters, including the progress of
the developments and investments carried out by the Group in this field. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Obtaining reports from management, as and when appropriate, on matters related to new technologies, applications, information systems and best practices that affect the Group&#146;s IT strategy or plans.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Obtaining reports from management on the core policies, strategic projects and plans defined by the engineering
area of the Bank. </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:Times New Roman" ALIGN="center">179 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Informing the Board of Directors and, if applicable, the Executive Committee, on any <FONT STYLE="white-space:nowrap">IT-related</FONT> matters falling within the scope of their functions. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For a better performance of its functions, channels for an appropriate coordination between the Technology and Cybersecurity Committee and the
Audit and Compliance Committee will be established to ensure: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">that the Technology and Cybersecurity Committee has access to the conclusions of the work performed by the Internal Audit Department in technology and cybersecurity matters; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">that the Audit and Compliance Committee is informed on <FONT STYLE="white-space:nowrap">IT-related</FONT> systems and processes that are related to or affect the Bank&#146;s internal control systems and other matters
falling within the scope of its functions. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Committee meets as often as necessary to comply with its functions. In 2016
it held three (3)&nbsp;meetings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Committee has its own specific regulations, approved by the Board of Directors. These are available
on our website and, amongst other things, they regulate the Committee&#146;s operation. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>D. <A NAME="tx368256_32"></A>Employees </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, we, through our various subsidiaries, had 134,792 employees. Approximately 88% of our employees in Spain held
technical, managerial and executive positions, while the remainder were clerical and support staff. The table below sets forth the number of BBVA employees by geographic area. </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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></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>
<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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:28.90pt; font-size:8pt; font-family:Times New Roman"><B>Country</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>BBVA</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Bank<BR>subsidiaries</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">Non-bank</FONT><BR>subsidiaries</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Spain</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,884</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,567</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,451</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">United Kingdom</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">150</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">150</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">France</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">78</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">78</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Italy</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">61</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Germany</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Switzerland</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Portugal</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">490</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">490</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Belgium</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">The Netherlands (Holland)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">248</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">248</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Russia</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Romania</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,290</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,290</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Ireland</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Luxembourg</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Turkey</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,140</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,140</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Finland</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Europe</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>27,245</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>24,297</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,617</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>56,159</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>The United States</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>128</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10,416</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10.544</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Argentina</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,439</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,439</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Brazil</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Colombia</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,228</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,228</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Venezuela</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,888</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,888</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mexico</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37,378</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37,378</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Uruguay</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">618</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">618</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Paraguay</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">463</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">463</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Bolivia</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">366</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">366</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Chile</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,522</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,522</TD>
<TD NOWRAP VALIGN="bottom">&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:Times New Roman" ALIGN="center">180 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="63%"></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>
<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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:28.90pt; font-size:8pt; font-family:Times New Roman"><B>Country</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>BBVA</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Bank<BR>subsidiaries</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">Non-bank</FONT><BR>subsidiaries</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Cuba</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Peru</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,010</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,010</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Latin America</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>67,546</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>373</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>67,921</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Hong Kong</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">89</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">89</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Japan</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">China</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Singapore</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">India</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">South Korea</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">United Arab Emirates</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Taiwan</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Indonesia</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Asia</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>158</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>166</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Australia</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Oceania</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>27,535</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>102,259</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,998</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>134,792</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2015, we, through our various subsidiaries, had 137,968 employees. Approximately 88%
of our employees in Spain held technical, managerial and executive positions, while the remainder were clerical and support staff. The table below sets forth the number of BBVA employees by geographic area. </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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></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>
<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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:28.90pt; font-size:8pt; font-family:Times New Roman"><B>Country</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>BBVA</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Bank<BR>subsidiaries</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">Non-bank</FONT><BR>subsidiaries</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Spain</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,975</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,906</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32,903</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">United Kingdom</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">161</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">161</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">France</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Italy</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">78</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Germany</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Switzerland</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Portugal</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">522</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">522</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Belgium</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">The Netherlands (Holland)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">246</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">246</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Russia</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">72</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Romania</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,187</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,187</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Ireland</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Luxembourg</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Turkey</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,178</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,186</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Europe</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>24,364</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>24,356</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,932</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>57,652</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>The United States</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>149</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11,004</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11,153</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Argentina</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,974</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,974</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Brazil</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Colombia</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,257</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,257</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Venezuela</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,233</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,233</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mexico</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38,499</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38,499</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Uruguay</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">632</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">632</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Paraguay</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">482</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">482</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Bolivia</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">331</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">331</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Chile</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,672</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,672</TD>
<TD NOWRAP VALIGN="bottom">&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:Times New Roman" ALIGN="center">181 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="63%"></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>
<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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:28.90pt; font-size:8pt; font-family:Times New Roman"><B>Country</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>BBVA</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Bank<BR>subsidiaries</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">Non-bank</FONT><BR>subsidiaries</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Cuba</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Peru</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,857</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,857</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Latin America</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>68,606</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>338</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>68,947</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Hong Kong</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">128</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">128</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Japan</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">China</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Singapore</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">India</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">South Korea</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">United Arab Emirates</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Taiwan</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Indonesia</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Asia</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>200</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>14</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>214</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Australia</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Oceania</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>24,718</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>103,966</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>9,284</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>137,968</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2014, we, through our various subsidiaries, had 108,770 employees. Approximately 87%
of our employees in Spain held technical, managerial and executive positions, while the remainder were clerical and support staff. The table below sets forth the number of BBVA employees by geographic area. </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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></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>
<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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:28.90pt; font-size:8pt; font-family:Times New Roman"><B>Country</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>BBVA</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Bank<BR>subsidiaries</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">Non-bank</FONT><BR>subsidiaries</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Spain</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,049</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,553</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,620</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">United Kingdom</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">163</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">163</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">France</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Italy</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">79</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Germany</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Switzerland</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">131</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">131</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Portugal</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">688</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">688</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Belgium</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Russia</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Ireland</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Luxembourg</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Turkey</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Europe</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>25,445</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>842</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,582</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>29,869</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>The United States</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>154</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10,790</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10,944</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Argentina</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,655</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,655</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Brazil</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Colombia</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,678</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,678</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Venezuela</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,363</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,363</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mexico</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38,107</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38,107</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Uruguay</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">639</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">639</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Paraguay</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">481</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">481</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Bolivia</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">291</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Chile</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,567</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,567</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Cuba</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Peru</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,958</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,958</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Latin America</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>67,448</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>296</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>67,747</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&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:Times New Roman" ALIGN="center">182 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></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>
<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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:28.90pt; font-size:8pt; font-family:Times New Roman"><B>Country</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>BBVA</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Bank<BR>subsidiaries</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">Non-bank</FONT><BR>subsidiaries</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Hong Kong</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">128</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">128</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Japan</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">China</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Singapore</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">India</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">South Korea</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">United Arab Emirates</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Taiwan</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Indonesia</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Asia</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>193</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>14</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>207</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Australia</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total Oceania</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>25,798</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>79,080</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,892</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>108,770</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The terms and basic conditions of employment in private sector banks in Spain are negotiated with trade unions
representing sector bank employees. Wage negotiations take place on an industry-wide basis. This process has historically produced collective bargaining agreements binding upon all Spanish banks and their employees. On June&nbsp;15, 2016, the XXIII
collective bargain agreement was signed. This agreement became effective as of January&nbsp;1, 2015 and is set to expire on December&nbsp;31, 2018. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, 2015 and 2014, we had 1,598, 1,507 and 869 temporary employees in our Spanish offices, respectively. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_33"></A>E. Share Ownership </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of March&nbsp;24, 2017, the members of the Board of Directors owned an aggregate of BBVA shares as shown in the table below: </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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="40%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Directly&nbsp;owned&nbsp;shares</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Indirectly&nbsp;owned&nbsp;shares</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total&nbsp;shares</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>%&nbsp;Capital&nbsp;Stock</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Francisco Gonz&aacute;lez Rodr&iacute;guez</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,437,472</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,716,113</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,153,585</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.063</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Carlos Torres Vila</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">285,592</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">285,592</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.004</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tom&aacute;s Alfaro Drake</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,609</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,609</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Jos&eacute; Miguel Andr&eacute;s Torrecillas</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,632</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,632</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Jos&eacute; Antonio Fern&aacute;ndez Rivero</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74,467</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74,467</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.001</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Bel&eacute;n Garijo L&oacute;pez</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Jos&eacute; Manuel <FONT STYLE="white-space:nowrap">Gonz&aacute;lez-P&aacute;ramo</FONT>
Mart&iacute;nez-Murillo</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">71,200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">71,200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.001</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Sunir Kumar Kapoor</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Carlos Loring Mart&iacute;nez de Irujo</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58,311</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58,311</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.001</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Lourdes M&aacute;iz Carro</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Jos&eacute; Maldonado Ramos</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38,761</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38,761</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.001</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Juan Pi Llorens</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Susana Rodr&iacute;guez Vidarte</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,390</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,008</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,398</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">James Andrew Stott (*)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,020,434</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,717,121</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4,737,555</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>0.072</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(*)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>In addition, James Andrew Stott indirectly owns 10,000 BBVA&#146;s ADSs. </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:Times New Roman" ALIGN="center">183 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">BBVA has not granted options on its shares to any members of its administrative, supervisory or
management bodies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of March&nbsp;24, 2017 the Senior Management (excluding executive directors) owned an aggregate of BBVA shares as
shown in the table below: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Directly<BR>owned&nbsp;shares</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Indirectly<BR>owned&nbsp;shares</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total&nbsp;shares</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>%&nbsp;Capital&nbsp;Stock</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Eduardo Arbizu Lostao</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">297,691</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">297,691</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.005</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Domingo Armengol Calvo</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">104,539</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">104,539</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.002</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Juan As&uacute;a Madariaga</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">378,693</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,790</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">410,483</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.006</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Ricardo Forcano Garc&iacute;a</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37,316</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37,316</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.001</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Ricardo G&oacute;mez Barredo</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.001</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Ricardo Enrique Moreno Garc&iacute;a</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54,612</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54,612</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.001</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Eduardo Osuna Osuna</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53,484</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53,484</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.001</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Cristina de Parias Halc&oacute;n</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">151,169</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">151,169</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.002</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Francisco Javier Rodr&iacute;guez Soler</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">93,008</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">93,008</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.001</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Jaime S&aacute;enz de Tejada Pulido</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">280,639</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">280,639</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.004</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Jorge <FONT STYLE="white-space:nowrap">S&aacute;enz-Azc&uacute;naga</FONT> Carranza</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80,624</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80,624</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.001</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Rafael Salinas Mart&iacute;nez de Lecea</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">160,329</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,187</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">178,516</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.003</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Jos&eacute; Luis de los Santos Tejero</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">198,753</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,279</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">222,032</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.003</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Derek Jensen White</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>TOTAL</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,967,257</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>73,256</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,040,513</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>0.031</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of March 29, 2017 a total of 20,438 employees (excluding the members of the Senior Management and executive
directors) owned 58,072,012 shares, which represented 0.88% of our capital stock. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_34"></A>ITEM&nbsp;7.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_35"></A>A. Major Shareholders
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of March&nbsp;29, 2017, no person, corporation or government beneficially owned, directly or indirectly, five percent or more of
BBVA&#146;s shares. BBVA&#146;s major shareholders do not have voting rights which are different from those held by the rest of its shareholders. To the extent known to us, BBVA is not controlled, directly or indirectly, by any other corporation,
government or any other natural or legal person. As of December&nbsp;31, 2016, there were 919,884 registered holders of BBVA&#146;s shares, with an aggregate of 6,566,615,242 shares, of which 582 shareholders with registered addresses in the United
States held a total of 1,019,225,582 shares (including shares represented by American Depositary Shares evidenced by American Depositary Receipts (&#147;<B>ADRs</B>&#148;)). Since certain of such shares and ADRs are held by nominees, the foregoing
figures are not representative of the number of beneficial holders. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_36"></A>B. Related Party Transactions </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Loans to Directors, Senior Management and Other Related Parties </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, there were no loans granted by the Group&#146;s entities to the members of the Board of Directors. As of
December&nbsp;31, 2015 and 2014, the amount availed against loans by the Group&#146;s entities to the members of the Board of Directors was &#128;200&nbsp;thousand and &#128;235&nbsp;thousand, respectively. As of December&nbsp;31, 2016, 2015 and
2014 the amount availed against the loans by the Group&#146;s entities to the members of Senior Management (excluding the executive directors) amounted to &#128;5,573&nbsp;thousand &#128;6,641&nbsp;thousand and &#128;4,614&nbsp;thousand,
respectively. </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:Times New Roman" ALIGN="center">184 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, there were no loans granted to parties related to the members of
the Board of Directors. As of December&nbsp;31, 2015 the amount availed against the loans to parties related to the members of the Bank&#146;s Board of Directors was &#128;10,000, and as of December&nbsp;31, 2014, there were no loans to parties
related to the members of the Bank&#146;s Board of Directors. As of December&nbsp;31, 2016, 2015 and 2014 the amount availed against the loans to parties related to members of the Senior Management amounted to &#128;98&nbsp;thousand,
&#128;113&nbsp;thousand and &#128;291&nbsp;thousand, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, 2015 and 2014 no guarantees had been
granted to any member of the Board of Directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016,<B> </B>the amount availed against guarantees arranged with
members of the Senior Management totaled &#128;28&nbsp;thousand. As of December&nbsp;31, 2015 and 2014 no guarantees had been granted to any member of the Senior Management. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, 2015 and 2014 the amount availed against loans and guarantees arranged with parties related to the members of
the Bank&#146;s Board of Directors and the Senior Management totaled &#128;8&nbsp;thousand, &#128;1,679&nbsp;thousand and &#128;419&nbsp;thousand, respectively. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Related Party Transactions in the Ordinary Course of Business </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Loans extended to related parties (including guarantees) were made in the ordinary course of business, on substantially the same terms,
including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons, and did not involve more than the normal risk of collectability or present other unfavorable features. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">BBVA subsidiaries engage, on a regular and routine basis, in a number of customary transactions with other BBVA subsidiaries, including: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">overnight call deposits; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">time deposits; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">foreign exchange purchases and sales; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">derivative transactions, such as forward purchases and sales; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">money market fund transfers; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">letters of credit for imports and exports; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">financial guarantees </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">service level agreements; </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">and other similar transactions within the scope of the ordinary course of the
banking business, such as loans and other banking services to our shareholders, to employees of all levels, to associates and to family members of all the above and to other BBVA <FONT STYLE="white-space:nowrap">non-banking</FONT> subsidiaries or
affiliates. All these transactions have been made: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in the ordinary course of business; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">did not involve more than the normal risk of collectability or present other unfavorable features. </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:Times New Roman" ALIGN="center">185 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>C. Int<A NAME="tx368256_37"></A>erests of Experts and Counsel </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Not Applicable. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>ITEM&nbsp;8.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>FI<A NAME="tx368256_38"></A>NANCIAL INFORMATION </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>A. Cons<A NAME="tx368256_39"></A>olidated Statements
and Other Financial Information </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Financial Information </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">See <I>Item 18.</I> </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Dividends </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The table below sets forth the amount of interim, final and total cash dividends paid by BBVA on its shares for the years 2012 to 2016. The
rate used to convert euro amounts to U.S. dollars was the noon buying rate at the end of each year. </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:10pt" ALIGN="center">


<TR>
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<TD></TD>
<TD></TD>
<TD></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
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<TD></TD>
<TD></TD>
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<TD></TD>
<TD></TD>
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<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="38" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Per Share</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>First Interim</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Second&nbsp;Interim</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Third Interim</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Final</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"><B>&#128;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"><B>$</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"><B>&#128;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"><B>$</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"><B>&#128;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"><B>$</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"><B>&#128;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"><B>$</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"><B>&#128;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"><B>$</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">2012</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">0.100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.132</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(</TD>
<TD NOWRAP VALIGN="bottom">*)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(</TD>
<TD NOWRAP VALIGN="bottom">*)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">0.100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.132</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(</TD>
<TD NOWRAP VALIGN="bottom">*)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(</TD>
<TD NOWRAP VALIGN="bottom">*)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">0.200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.264</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">2013</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">0.100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.138</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(</TD>
<TD NOWRAP VALIGN="bottom">*)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(</TD>
<TD NOWRAP VALIGN="bottom">*)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(</TD>
<TD NOWRAP VALIGN="bottom">*)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(</TD>
<TD NOWRAP VALIGN="bottom">*)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">0.100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.138</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">2014</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">0.080</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.097</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(</TD>
<TD NOWRAP VALIGN="bottom">*)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(</TD>
<TD NOWRAP VALIGN="bottom">*)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(*)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(*</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(</TD>
<TD NOWRAP VALIGN="bottom">*)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(</TD>
<TD NOWRAP VALIGN="bottom">*)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">0.080</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.097</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">2015</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">0.080</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.087</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(</TD>
<TD NOWRAP VALIGN="bottom">*)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(</TD>
<TD NOWRAP VALIGN="bottom">*)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">0.080</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.087</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(</TD>
<TD NOWRAP VALIGN="bottom">*)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(</TD>
<TD NOWRAP VALIGN="bottom">*)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">0.160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">0.174</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">2016</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">0.080</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.084</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(</TD>
<TD NOWRAP VALIGN="bottom">*)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(</TD>
<TD NOWRAP VALIGN="bottom">*)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">0.080</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.084</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(</TD>
<TD NOWRAP VALIGN="bottom">*)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(</TD>
<TD NOWRAP VALIGN="bottom">*)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">0.160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">0.169</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(*)</TD>
<TD ALIGN="left" VALIGN="top">In execution of the 2012, 2013, 2014, 2015 and 2016 &#147;Dividend Option&#148; schemes described under &#147;Item 4. Information on the Company&#151;Business Overview &#151;Supervision and
Regulation&#151;Dividends&#148; approved by the shareholders in the respective general shareholders&#146; meetings, BBVA shareholders were given the option to receive their remuneration in newly issued ordinary shares or in cash. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have paid annual dividends to our shareholders since the date we were founded. The cash dividend for a year is proposed by the Board of
Directors to be approved by the annual general shareholders&#146; meeting following the end of the year to which it relates and includes any interim dividend that may be passed by the Board of Directors during that period. The scrip dividends are
proposed for approval of our shareholders in the annual general shareholders&#146; meeting, for being implemented during a period of one year from their approval. Interim and final dividends are payable to holders of record on the record date for
the dividend payment date. Unclaimed cash dividends revert to BBVA five years after declaration. For additional information see <I>&#147;Item 4. Information on the Company&#151;Business Overview&#151;Supervision and
Regulation&#151;Dividends&#148;.</I> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">While we expect to declare and pay dividends on our shares in the future, the payment of dividends
will depend upon the results of BBVA, market conditions, the regulatory framework, the recommendations or restrictions regarding dividends that may be adopted by domestic or European regulatory bodies or authorities and other factors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As described under &#147;Item 4. Information on the Company&#151; Business Overview&#151;Supervision and Regulation&#151;Dividends&#148;, the
annual shareholders&#146; general meeting held on March&nbsp;17, 2017 passed a resolution adopting a capital increase to be charged to voluntary reserves for the implementation during 2017 of a &#147;Dividend Option&#148; on similar terms to those
implemented since 2011. In accordance with its current dividend policy, BBVA&#146;s subsequent dividends are expected to be paid in cash. </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:Times New Roman" ALIGN="center">186 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The &#147;Dividend Option&#148; is implemented as an alternative remuneration scheme for BBVA
shareholders with the aim to provide BBVA shareholders with a flexible option to receive newly issued ordinary shares of the Bank, whilst always maintaining the possibility to choose to receive the entire remuneration in cash. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subject to the terms of the deposit agreement entered into with the Bank of New York Mellon, holders of ADSs are entitled to receive dividends
(in cash or scrip, as applicable) attributable to the shares represented by the ADSs evidenced by ADRs to the same extent as if they were holders of such shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">BBVA may not pay dividends except out of its annual results and its unrestricted reserves available for the payment of dividends, after taking
into account the applicable capital adequacy requirements and any recommendations on payment of dividends, and any other required authorization or restriction, if applicable. Capital adequacy requirements are applied on both a consolidated and
individual basis. See <I>&#147;Item 4. Information on the Company&#151;Business Overview&#151;Supervision and Regulation&#151;Capital Requirements&#148; and &#147;Item 5. Operating and Financial Review and Prospects&#151;Liquidity and Capital
Resources&#151;Capital&#148;. </I>Under applicable capital adequacy requirements, we estimate that as of December&nbsp;31, 2016, BBVA had approximately &#128;9.5&nbsp;billion of reserves in excess of applicable capital and reserve requirements. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Legal Proceedings</B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As mentioned in
<I>&#147;Item 3. Key Information&#151;Risk Factors&#151;Risks Relating to Us and Our Business&#151;The Group is party to lawsuits, tax claims and other legal proceedings&#148;</I>, we operate in an increasingly regulated and litigious environment
with a potential exposure to liability and other costs, which may not be easy to estimate. In this environment, the entities of the Group are party to legal actions, arising from the ordinary course of business, in a number of jurisdictions
(including, among others, Spain, Mexico and the United States). While we cannot predict the outcome of these proceedings, according to the procedural status of these proceedings and our assessment of these matters, BBVA believes that, except as
described below with respect to mortgage &#147;floor&#148; clauses, none of such proceedings, individually or in the aggregate, if resolved adversely, would result in a material adverse effect on the Group&#146;s financial position, results of
operations or liquidity. The Group&#146;s management believes that adequate provisions have been made in respect of such legal proceedings, and considers that the possible contingencies that may arise from such ongoing lawsuits are not material.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>&#147;Floor&#148; Clauses</I> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On May 9, 2013, the Spanish Supreme Court issued a definitive ruling, rendered on a collective claim brought against BBVA among others,
proclaiming the invalidity of &#147;floor&#148; clauses limiting the interest rates in mortgage loans with consumers (commonly referred to as &#147;<I>cl&#225;usulas suelo</I>&#148;) provided such clauses did not comply with certain requirements of
material transparency set forth in the referred ruling. The Spanish Supreme Court also ruled that there were no grounds for the refund of the amounts collected by the lenders pursuant to those clauses prior to May 9, 2013. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In compliance with this ruling and as communicated to the market on June 12, 2013, BBVA eliminated or deprived of effect &#147;floor&#148;
clauses in all mortgage loans with consumers since May 9, 2013. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Following the ruling of the Spanish Supreme Court, the Provincial Court
of Alicante asked the Court of Justice of the European Union (the &#147;<B>CJEU</B>&#148;) to determine whether the limited retroactivity of the decision of the Spanish Supreme Court (which, as indicated above, had no impact on amounts collected by
the lenders pursuant to &#147;floor&#148; clauses prior to May 9, 2013) was compatible with Council Directive 93/13/EEC of April 5, 1993, on unfair terms in consumer contracts (&#147;<B>Directive 93/13/EEC</B>&#148;). In July 2016, while the CJEU
decision was still pending, BBVA estimated that the maximum amount subject to any potential claims, should the CJEU decide that the Supreme Court of Spain&#146;s decision was not compatible with Directive 93/13/EEC, would be approximately &#128;1.2
billion, indicating that the actual impact would probably be lower, based on past experiences. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On December 21, 2016, the CJEU&#146;s
decision was published. In its judgment, the CJEU stated that national case law setting time limits for the refund of amounts arising from the invalidity of an unfair term in a contract is contrary to Article 6(1) of Directive 93/13/EEC. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection with the preparation of its consolidated financial statements for the year ended December 31, 2016, BBVA analyzed as of the
relevant balance sheet date its portfolio of mortgage loans to consumers in which there were &#147;floor&#148; clauses and recorded a provision of &#128;577 million to cover the contingencies that may arise in connection with claims related to the
legality of such clauses. This provision may be revised in future periods based on the evolution of such claims and other facts and circumstances as of the related reporting date. </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:Times New Roman" ALIGN="center">187 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On December&nbsp;21, 2016, the CJEU&#146;s decision was published. In its judgment, the CJEU
stated that national case law setting time limits for the refund of amounts arising from the invalidity of an unfair term in a contract is contrary to Article 6(1) of Directive 93/13/EEC. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection with the preparation of its consolidated financial statements for the year ended December&nbsp;31, 2016, BBVA analyzed as of the
relevant balance sheet date its portfolio of mortgage loans to consumers in which there were &#147;floor&#148; clauses and recorded a provision of &#128;577&nbsp;million to cover the contingencies that may arise in connection with claims related to
the legality of such clauses. This provision may be revised in future periods based on the evolution of such claims and other facts and circumstances as of the related reporting date. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_40"></A>B. Significant Changes </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">No significant change has occurred since the date of the Consolidated Financial Statements other than those mentioned in this Annual Report or
our Consolidated Financial Statements. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>ITEM&nbsp;9.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>THE OFF<A NAME="tx368256_41"></A>ER AND LISTING </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>A. Offer <A NAME="tx368256_42"></A>and Listing
Details </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">BBVA&#146;s shares are listed on the Spanish stock exchanges in Madrid, Bilbao, Barcelona and Valencia (the &#147;Spanish
Stock Exchanges&#148;) and listed on the computerized trading system of the Spanish Stock Exchanges (the &#147;Automated Quotation System&#148;). BBVA&#146;s shares are also listed on the Mexican and London stock exchanges as well as quoted on SEAQ
International in London. BBVA&#146;s shares are listed on the New York Stock Exchange as American Depositary Shares (ADSs). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">ADSs are
listed on the New York Stock Exchange and are also traded on the Lima (Peru) Stock Exchange, by virtue of an exchange agreement entered into between these two exchanges. Each ADS represents the right to receive one share. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Fluctuations in the exchange rate between the euro and the dollar will affect the dollar equivalent of the euro price of BBVA&#146;s shares on
the Spanish Stock Exchanges and the price of BBVA&#146;s ADSs on the New York Stock Exchange. Cash dividends are paid by BBVA in euro, and exchange rate fluctuations between the euro and the dollar will affect the dollar amounts received by holders
of ADRs on conversion by The Bank of New York Mellon (acting as depositary) of cash dividends on the shares underlying the ADSs evidenced by such ADRs. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, State Street Bank and Trust Co., The Bank of New York Mellon, SA NV and Chase Nominees Ltd in their capacity as
international custodian/depositary banks, held 11.74%, 5.18% and 7.04% of BBVA common stock, respectively. Of said positions held by the custodian banks, BBVA is not aware of any individual shareholders with direct or indirect holdings greater than
or equal to 3% of BBVA common stock outstanding. </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:Times New Roman" ALIGN="center">188 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The table below sets forth, for the periods indicated, the high and low sales closing prices for
the shares of BBVA on the Automated Quotation System: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Euro&nbsp;per&nbsp;Share</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>High</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Low</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Fiscal year ended December&nbsp;31, 2012</B></P></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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Annual</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Fiscal year ended December&nbsp;31, 2013</B></P></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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Annual</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Fiscal year ended December&nbsp;31, 2014</B></P></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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Annual</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.93</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.72</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Fiscal year ended December&nbsp;31, 2015</B></P></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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Annual</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.71</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">First Quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.56</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Second Quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.79</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Third Quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Fourth Quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.71</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Fiscal year ended December&nbsp;31, 2016</B></P></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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Annual</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.76</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.76</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">First Quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.64</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Second Quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.76</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.76</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Third Quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.79</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Fourth Quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.61</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Month ended October&nbsp;31, 2016</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.61</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Month ended November&nbsp;30, 2016</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Month ended December&nbsp;31, 2016</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.79</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Fiscal year ended December&nbsp;31, 2017</B></P></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 BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Month ended January&nbsp;31, 2017</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.09</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Month ended February&nbsp;28, 2017</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.97</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Month ended March&nbsp;31, 2017 (through March&nbsp;24, 2017)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">From January&nbsp;1, 2016 through December&nbsp;31, 2016 the percentage of outstanding shares held by BBVA and
its affiliates ranged between 0.000% and 0.756%, calculated on a daily basis. As of February&nbsp;16, 2017, the percentage of outstanding shares held by BBVA and its affiliates was 0.255%. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The table below sets forth the reported high and low sales closing prices for the ADSs of BBVA on the New York Stock Exchange for the periods
indicated. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" 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="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>U.S.&nbsp;Dollars&nbsp;per&nbsp;ADR</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>High</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Low</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Fiscal year ended December&nbsp;31, 2012</B></P></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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Annual</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.72</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Fiscal year ended December&nbsp;31, 2013</B></P></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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Annual</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12.78</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Fiscal year ended December&nbsp;31, 2014</B></P></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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Annual</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.54</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Fiscal year ended December&nbsp;31, 2015</B></P></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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Annual</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">First Quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.44</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Second Quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.76</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Third Quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Fourth Quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Fiscal year ended December&nbsp;31, 2016</B></P></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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Annual</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">First Quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.97</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Second Quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Third Quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Fourth Quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.92</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Month ended October&nbsp;31, 2016</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.92</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Month ended November&nbsp;30, 2016</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.05</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Month ended December&nbsp;31, 2016</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.89</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Fiscal year ended December&nbsp;31, 2017</B></P></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 BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Month ended January&nbsp;31, 2017</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.98</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.54</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Month ended February&nbsp;28, 2017</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.81</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Month ended March&nbsp;31, 2017 (through March&nbsp;24, 2017)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.77</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.70</TD>
<TD NOWRAP VALIGN="bottom">&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:Times New Roman" ALIGN="center">189 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Securities Trading in Spain </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Spanish securities market for equity securities consists of the Automated Quotation System and the four stock exchanges located in Madrid,
Bilbao, Barcelona and Valencia. During 2016, the Automated Quotation System accounted for the majority of the total trading volume of equity securities on the Spanish Stock Exchanges. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Automated Quotation System</I>. The Automated Quotation System (<I>Sistema de Interconexi&oacute;n Burs&aacute;til</I>) links the four
local exchanges, providing those securities listed on it with a uniform continuous market that eliminates certain of the differences among the local exchanges. The principal feature of the system is the computerized matching of buy and sell orders
at the time of entry of the order. Each order is executed as soon as a matching order is entered, but can be modified or canceled until executed. The activity of the market can be continuously monitored by investors and brokers. The Automated
Quotation System is operated and regulated by Sociedad de Bolsas, S.A. (&#147;<B><I>Sociedad de Bolsas</I></B>&#148;), a corporation owned by the companies that manage the local exchanges. All trades on the Automated Quotation System must be placed
through a bank, brokerage firm, an official stock broker or a dealer firm member of a Spanish Stock Exchange directly. Since January&nbsp;1, 2000, Spanish banks have been allowed to place trades on the Automated Quotation System and have been
allowed to become members of the Spanish Stock Exchanges. We are currently a member of the four Spanish Stock Exchanges and can trade through the Automated Quotation System. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In a <FONT STYLE="white-space:nowrap">pre-opening</FONT> session held from 8:30 a.m. to 9:00 a.m. each trading day, an opening price is
established for each security traded on the Automated Quotation System based on orders placed at that time. The regime concerning opening prices was changed by an internal rule issued by the <I>Sociedad de Bolsas</I>. In this new regime all
references to maximum changes in share prices are substituted by static and dynamic price ranges for each listed share, calculated on the basis of the most recent historical volatility of each share, and made publicly available and updated on a
regular basis by the <I>Sociedad de Bolsas</I>. The computerized trading hours are from 9:00 a.m. to 5:30 p.m., during which time the trading price of a security is permitted to vary by up to the stated levels. If, during the open session, the
quoted price of a share exceeds these static or dynamic price ranges, Volatility Auctions are triggered, resulting in new static or dynamic price ranges being set for the share object of the same. Between 5:30 p.m. and 5:35 p.m. a closing price is
established for each security through an auction system similar to the one held for the <FONT STYLE="white-space:nowrap">pre-opening</FONT> early in the morning. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Trading hours for block trades (i.e., operations involving a large number of shares) are also from 9:00 a.m. to 5:30 p.m. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Between 5:30 p.m. and 8:00 p.m., special operations, whether <I>Authorized</I> or <I>Communicated,</I> can take place outside the computerized
matching system of the <I>Sociedad de Bolsas </I>if they fulfill certain requirements. In such respect<I> Communicated</I> special operations<I> </I>(those that do not<I> </I>need the prior authorization of the <I>Sociedad de Bolsas</I>) can be
traded if all of the following requirements are met: (i)&nbsp;the trade price of the share must be within the range of 5% above the higher of the average price and closing price for the day and 5% below the lower of the average price and closing
price for the day; (ii)&nbsp;the market member executing the trade must have previously covered certain positions in securities and cash before executing the trade; and (iii)&nbsp;the size of the trade must involve at least &#128;300,000 and
represent at least a 20% of the average daily trading volume of the shares in the <I>Automated Quotation System</I> during the preceding three months. If any of the aforementioned requirements is not met, a special operation may still take place,
but it will need to take the form of <I>Authorized</I> special operation (i.e., those needing the prior authorization of the <I>Sociedad de Bolsas</I>). Such authorization will only be upheld if any of the following requirements are met: </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:Times New Roman" ALIGN="center">190 </P>


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<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the trade involves more than &#128;1.5&nbsp;million and more than 40% of the average daily volume of the stock during the preceding three months; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the transaction derives from a merger or <FONT STYLE="white-space:nowrap">spin-off</FONT> process or from the reorganization of a group of companies; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the transaction is executed for the purposes of settling a litigation or completing a complex group of contracts; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the <I>Sociedad de Bolsas</I> finds other justifiable cause. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Information with respect to the
computerized trades between 9:00 a.m. and 5:30 p.m. is made public immediately, and information with respect to trades outside the computerized matching system is reported to the <I>Sociedad de Bolsas</I> by the end of the trading day and published
in the <I>Bolet&iacute;n de Cotizaci&oacute;n </I>and in the computer system by the beginning of the next trading day. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Sociedad de
Bolsas</I> is also the manager of the IBEX 35<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> Index. This index is made up by the 35 most liquid securities traded on the Spanish Market and, technically, it is a price index that is weighted
by capitalization and adjusted according to the free float of each company comprised in the index. Apart from its quotation on the four Spanish Exchanges, BBVA is also currently included in the IBEX
35<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> Index. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>Clearing and Settlement System </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On April&nbsp;1, 2003, by virtue of Law 44/2002 and of Order ECO 689/2003 of March&nbsp;27, 2003 approved by the Spanish Ministry of Economy,
the integration of the two main existing book-entry settlement systems existing in Spain at the time&#045;the equity settlement system <I>Servicio de Compensaci&oacute;n y Liquidaci&oacute;n de Valores</I> (&#147;<B>SCLV</B>&#148;) and the Public
Debt settlement system <I>Central de Anotaciones de Deuda del Estado</I> (&#147;<B>CADE</B>&#148;)&#045; took place<I>. </I>As a result of this integration,<I> </I>a single entity, known as <I>Sociedad de Gesti&oacute;n de los Sistemas de Registro
Compensaci&oacute;n y Liquidaci&oacute;n de Valores</I> (&#147;<B>Iberclear</B>&#148;) assumed the functions formerly performed by SCLV and CADE according to the legal regime then stated in article 44 bis of the Spanish Securities Market Act (Law
24/1988). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding the above, rules concerning the book-entry settlement systems enacted before this date by SCLV and the Bank of
Spain, as former manager of CADE, continued in force, but any reference to the SCLV or CADE was deemed to be substituted by Iberclear. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In
addition, and according to Law 41/1999, Iberclear manages three securities settlement systems for securities in book-entry form: The system for securities listed on the four Spanish Stock Exchanges, the system for Public Debt and the system for debt
securities traded in &#147;<I>AIAF Mercado de Renta Fija</I>&#148;. Cash settlement, from February&nbsp;18, 2008 for all systems is managed through the TARGET2-Banco de Espa&ntilde;a payment system. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Laws 32/2011 and 11/2015 amended the Spanish Securities Market Act and Royal Decree 878/2015 replaced Royal Decree 116/1992 from
February&nbsp;3, 2016, introducing changes to the Spanish clearing, settlement and book-entry registry procedures applicable to securities transactions so as to allow post-trading Spanish systems to integrate into the TARGET2 System (TARGET2). The
project to reform Spain&#146;s clearing, settlement and registry system and connect it to the TARGET2 System (the &#147;<B>Reform</B>&#148;) has introduced significant changes that affect all classes of securities and all post-trade activities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Reform is being implemented in two phases: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">The first phase took place from April&nbsp;27, 2016 and involved setting up a new system for equities including all the changes envisaged in the Reform, encompassing the incorporation of central counterparty clearing
(to be performed by, among others<I>, BME Clearing, S.A.U.</I>) in post-trading whose design must be compatible with the TARGET2 System (including with respect to messages, account structure, definition of operations, etc.). Accordingly, the SCLV
(<I>Servicio de Compensaci&oacute;n y Liquidaci&oacute;n de Valores</I>) platform was discontinued. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">The T+3 settlement cycle
for trades executed in trading venues, affecting mainly equities, was reduced to </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:Times New Roman" ALIGN="center">191 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">
T+2 from October 2016, in line with what is set forth in European Regulation 909/2014, of July&nbsp;23 on improving securities settlement in the European Union and on Central Securities
Depositories. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">The CADE platform will continue to operate unchanged until the last quarter of 2017, and cash settlements in the new system
will continue to be made through the TARGET2-Bank of Spain cash accounts. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">The second phase will be implemented once Iberclear is connected to the TARGET2 System, scheduled for the last quarter of 2017. At that time, fixed-income securities will be transferred to the new system, and CADE will
be discontinued. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Equities will also be settled in accordance with the procedures and time periods of the TARGET2 System, so
that the interim settlement procedure followed in the first phase will be discontinued. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">The second phase will entail unifying the registry
and settlement approach for both equities and fixed-income securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The latest amendments to Iberclear&#146;s Rulebook reflecting the
Reform have been officially published in the Spanish Official Gazette (May 3 and August&nbsp;18, 2016) while each Spanish Stock Exchange has approved its respective new rulebook. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following paragraphs exclusively address issues relating to the securities settlement system managed by Iberclear before the Reform is
implemented for securities listed on the Spanish Stock Exchanges (the &#147;<B>SCLV system</B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under Law 41/1999 and Royal Decree
878/2015 (which replaced Royal Decree 116/1992 on February&nbsp;3, 2015), transactions carried out on the Spanish Stock Exchanges are cleared and settled through Iberclear and its participants (each an <I>entidad participante</I>), through the SCLV
system. Only Iberclear participants to this equity securities settlement system are entitled to use it, with participation restricted to authorized members of the Spanish Stock Exchanges (for whom participation was compulsory until March 2007), the
Bank of Spain (when an agreement, approved by the Spanish Ministry of Economy and Finance, is reached with Iberclear) and, with the approval of the CNMV, other brokers not members of the Spanish Stock Exchanges, banks, savings banks and foreign
clearing and settlement systems. BBVA is currently a participant in Iberclear. Iberclear and its participants are responsible for maintaining records of purchases and sales under the book-entry system. In order to be listed, shares of Spanish
companies must be held in book-entry form. Iberclear, maintains a <FONT STYLE="white-space:nowrap">&#147;two-step&#148;</FONT> book-entry registry reflecting the number of shares held by each of its participants as well as the amount of such shares
held on behalf of beneficial owners. Each participant, in turn, maintains a registry of the owners of such shares. Spanish law considers the legal owner of the shares to be: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the participant appearing in the records of Iberclear as holding the relevant shares in its own name, or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the investor appearing in the records of the participant as holding the shares. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">According to
Iberclear&#146;s Rulebook, members of the Spanish Stock Exchanges who do not want to hold Iberclear participant status need to appoint an Iberclear participant who will be responsible for the clearing and settlement of their trades. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Obtaining legal title to shares of a company listed on a Spanish Stock Exchange requires the participation of a Spanish broker-dealer, bank or
other entity authorized under Spanish law to record the transfer of shares in book-entry form in its capacity as Iberclear participant for the equity securities settlement system. To evidence title to shares, at the owner&#146;s request the relevant
participant entity must issue a certificate of ownership. In the event the owner is a participant entity, Iberclear is in charge of the issuance of the certificate with respect to the shares held in the participant entity&#146;s own name. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">According to the Securities Market Act brokerage commissions are not regulated. Brokers&#146; fees, to the extent charged, will apply upon
transfer of title of our shares from the depositary to a holder of ADSs, and upon any later sale of such shares by such holder. Transfers of ADSs do not require the participation of a member of a Spanish Stock Exchange. The deposit agreement
provides that holders depositing our shares with the depositary in exchange for ADSs or withdrawing our shares in exchange for ADSs will pay the fees of the official stockbroker or other person or entity authorized under Spanish law applicable both
to such holder and to the depositary. </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:Times New Roman" ALIGN="center">192 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Securities Market Legislation </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Securities Markets Act was enacted in 1988 with the purpose of reforming the organization and supervision of the Spanish securities
markets. This legislation and the regulation implementing it: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">established an independent regulatory authority, the CNMV, to supervise the securities markets; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">established a framework for the regulation of trading practices, tender offers and insider trading; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">required stock exchange members to be corporate entities; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">required companies listed on a Spanish Stock Exchange to file annual audited financial statements and to make public quarterly financial information; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">established the legal framework for the Automated Quotation System; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">exempted the sale of securities from transfer and value added taxes; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">deregulated brokerage commissions; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">provided for transfer of shares by book-entry or by delivery of evidence of title. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On
February&nbsp;14, 1992, Royal Decree No.&nbsp;116/92 established the clearance and settlement system and the book-entry system, and required that all companies listed on a Spanish Stock Exchange adopt the book-entry system. On February&nbsp;3, 2016
Royal Decree 878/2015 came into force and replaced Royal Decree 116/1992. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On April&nbsp;12, 2007, the Spanish Congress approved Law
6/2007, which amends the Securities Markets Act in order to adapt it to Directive 2004/25/EC on takeover bids, and Directive 2004/109/EC on the harmonization of transparency requirements in relation to information about issuers whose securities are
admitted to trading on a regulated market (amending Directive 2001/34/EC). Regarding the transparency of listed companies, Law 6/2007 amended the reporting requirements and the disclosure regime, and established changes in the supervision system. On
the takeover bids side, Law 6/2007 has established the cases in which a company must launch a takeover bid and the ownership thresholds at which a takeover bid must be launched. It also regulates conduct rules for the board of directors of target
companies and the <FONT STYLE="white-space:nowrap">squeeze-out</FONT> and <FONT STYLE="white-space:nowrap">sell-out</FONT> when a 90% of the share capital is held after a takeover bid. Additionally, Law 6/2007 was further developed by Royal Decree
1362/2007, on transparency requirements for issuers of listed securities, which was subsequently amended (see &#147;&#151;&nbsp;Trading by the Bank and its Affiliates in the Shares&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On December&nbsp;19, 2007, the Spanish Congress approved Law 47/2007, which amends the Securities Markets Act in order to adapt it to
Directive 2004/37/EC on markets in financial instruments (MiFID), Directive 2006/49/EC on the capital adequacy of investment firms and credit institutions, and Directive 2006/73/EC<B> </B>implementing Directive 2004/39/EC with respect to
organizational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive. Further MiFID implementation was introduced by Royal Decree 217/2008. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Regulation of the European Parliament and of the Council on short selling and certain aspects of credit default swaps (EU) No 236/2012
(Regulation) has been in force since March&nbsp;25, 2012 and became directly effective in EU countries from November&nbsp;1, 2012. This Regulation introduced a <FONT STYLE="white-space:nowrap">pan-European</FONT> regulatory framework for dealing
with short selling and requires persons to disclose short positions in relation to shares of EU listed companies and EU sovereign debt. For significant net short positions in shares of EU listed companies, these regulations create a <FONT
STYLE="white-space:nowrap">two-tier</FONT> reporting model: (i)&nbsp;when a net short position reaches 0.20% of an issuer&#146;s share capital (and at every 0.1% thereafter), such position must be privately reported to the relevant regulator; and
(ii)&nbsp;when such position reaches 0.50% (and at every 0.1% thereafter) of an issuer&#146;s share capital, apart from being disclosed to the regulators, such position must be publicly reported to the market. </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:Times New Roman" ALIGN="center">193 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Law 9/2012 and Royal Decree 1698/2012 implemented European Directive 2010/73/EU (which amended
Directive 2003/71/EC, on the prospectus to be published when securities are offered to the public or admitted to trading and Directive 2004/109/EC, on the harmonization of transparency requirements in relation to information about issuers whose
securities are admitted to trading on a regulated market). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Directive 2014/65/EU of the European Parliament and of the Council of
May&nbsp;15, 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MIFID II), and Regulation (EU) 600/2014 of the European Parliament and Council of May&nbsp;15, 2014 on markets in financial instruments
and amending Regulation (EU) 648/2012 (MiFIR), were published on June&nbsp;12, 2014 and, when fully implemented and in force, will affect the Spanish securities market legislation, markets and infrastructures. This could translate into higher
compliance costs for financial institutions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Royal Legislative Decree 4/2015, of October&nbsp;23, approved the reinstated text of the
Securities Markets Act. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Trading by the Bank and its Affiliates in the Shares </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Trading by subsidiaries in their parent companies shares is restricted by the Corporate Enterprises Act. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Neither BBVA nor its affiliates may purchase BBVA&#146;s shares unless the making of such purchases is authorized at a meeting of BBVA&#146;s
shareholders by means of a resolution establishing, among other matters, the maximum number of shares to be acquired and the authorization term, which cannot exceed five years. Restricted reserves equal to the purchase price of any shares that are
purchased by BBVA or its subsidiaries must be made by the purchasing entity. The total number of shares held by BBVA and its subsidiaries may not exceed ten percent of BBVA&#146;s total capital, as per the treasury stock limits set forth in the
Corporate Enterprises Act (Royal Legislative Decree 1/2010). It is the practice of Spanish banking groups, including ours, to establish subsidiaries to trade in their parent company&#146;s shares in order to meet imbalances of supply and demand, to
provide liquidity (especially for trades by their customers) and to modulate swings in the market price of their parent company&#146;s shares. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Reporting Requirements </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Royal Decree
1362/2007 requires that any person or entity which acquires or transfers shares and as a consequence the number of voting rights held exceeds, reaches or is below the thresholds of 3%, 5%, 10%, 15%, 20%, 25%, 30%, 35%, 40%, 45%, 50%, 60%, 70%, 75%,
80% and 90% of the capital stock of a company listed on a Spanish Stock Exchange must, within four stock exchange business days after that acquisition or transfer, report it to such company, and to the CNMV. This duty to report the holding of a
significant stake is applicable not only to the acquisitions and transfers in the terms described above, but also to those cases in which in the absence of an acquisition or transfer of shares, the ratio of an individual&#146;s voting rights
exceeds, reaches or is below the thresholds that trigger the duty to report, as a consequence of an alteration in the total number of voting rights of an issuer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, any company listed on a Spanish Stock Exchange must report on a <FONT STYLE="white-space:nowrap">non-public</FONT> basis to the
CNMV, within four Stock Exchange business days, any acquisition by such company (or an affiliate) of the company&#146;s own shares if such acquisition, together with any previous one from the date of the last communication, exceeds 1% of its capital
stock, regardless of the balance retained. Members of the board of directors must report the ratio of voting rights held at the time of their appointment as members of the board, when they are ceased as members, and each time they transfer or
acquire share capital of a company listed on the Spanish Stock Exchanges, regardless of the size of the transaction. Additionally, since we are a credit entity, any individual or company who intends to acquire a significant participation in
BBVA&#146;s share capital must obtain prior approval from the Bank of Spain in order to carry out the transaction. See <I>&#147;Item 10. Additional Information&#151;Exchange Controls&#151;Restrictions on Acquisitions of Shares</I>&#148;. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Royal Decree 1362/2007 also establishes reporting requirements in connection with any entity acting from a tax haven or a country where no
securities regulatory commission exists, in which case the threshold of three percent is reduced to one percent. </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:Times New Roman" ALIGN="center">194 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Regulation (EU) No 596/2014 of the European Parliament and of the Council of April&nbsp;16, 2014
on market abuse and its implementing regulations entered into force on July&nbsp;3, 2016, involving a number of changes for BBVA as a listed issuer, including in relation to areas such as disclosure of inside information to the market, maintenance
of insider lists and disclosure of restrictions on dealings by directors and persons discharging managerial responsibilities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Royal
Decree 1362/2007 was amended in 2015 in order to, among other matters, include some changes to the reporting requirements applicable to major shareholdings. In particular, cash settled instruments creating long positions on underlying listed shares
shall be disclosed if the specified shareholding threshold is reached or exceeded; cash holdings and holdings as a result of financial instruments shall be aggregated for disclosure purposes and a disclosure exemption for shareholding positions held
by financial entities in their trading books is available. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Each Spanish bank is required to provide to the Bank of Spain a list dated the
last day of each quarter of all the bank&#146;s shareholders that are financial institutions and other <FONT STYLE="white-space:nowrap">non-financial</FONT> institution shareholders owning at least 0.25% of a bank&#146;s total share capital.
Furthermore, the banks are required to inform the Bank of Spain, as soon as they become aware, and in any case not later than in 15 days, of each acquisition by a person or a group of at least one percent of such bank&#146;s total share capital.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Ministerial Order EHA/1421/2009 developed the requirements set forth in the Securities Market Act on the publication of significant
information. In this respect, the principles to be followed and conditions to be met by entities when they publish and report significant information are set forth, along with the content requirements, including when significant information is
connected with accounting, financial or operational projections, forecasts or estimates. The reporting entity must designate at least one interlocutor whom the CNMV may consult or from whom it may request information relating to dissemination of the
significant information. Lastly, some of the circumstances in which it is considered that an entity is failing to comply with the duty to publish and report significant information are described. These include, among others, cases in which
significant information is disseminated at meetings with investors or shareholders or at presentations to analysts or to media professionals, but is not communicated, at the same time, to the CNMV. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Ministerial Order EHA/1421/2009 was modified by ministerial Order ECC/461/2013 which imposed on securities issuers the duty of publishing
notices of significant information through their websites. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Circular 4/2009 of the CNMV further develops Ministerial Order EHA1421/2009.
In this respect, the Circular sets forth a precise proceeding for the actual report of the significant information and draws up an illustrative list of the events that may be deemed to constitute significant information. This list includes, among
others, events connected with strategic agreements and mergers and acquisitions, information relating to the reporting entity&#146;s financial statements or those of its consolidated group, information on notices of call and official matters and
information on significant changes in factors connected with the activities of the reporting entity and its group. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Tax Requirements </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">According to Law 10/2014, an issuer&#146;s parent company (credit entity or listed company) is required, on an annual basis, to provide the
Spanish tax authorities with the following: (i)&nbsp;disclosure of information regarding those investors with Spanish Tax residency obtaining income from securities and (ii)&nbsp;the amount of income obtained by them in each period. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>B. Pla<A NAME="tx368256_43"></A>n of distribution </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Not Applicable. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>C. Mark<A NAME="tx368256_44">
</A>ets </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">See <I>&#147;Item 9. The Offer and Listing&#148;.</I> </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:Times New Roman" ALIGN="center">195 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>D. Selli<A NAME="tx368256_45"></A>ng Shareholders </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Not Applicable. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>E. Dilut<A NAME="tx368256_46">
</A>ion </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Not Applicable. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>F. Expe<A NAME="tx368256_47">
</A>nses of the Issue </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Not Applicable. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>ITEM&nbsp;10.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>ADDITIONA<A NAME="tx368256_48"></A>L INFORMATION </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>A. Shar<A NAME="tx368256_49"></A>e Capital </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Not Applicable. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>B.
Me<A NAME="tx368256_50"></A>morandum and Articles of Association </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Spanish law and BBVA&#146;s Bylaws are the main sources of regulation
affecting the Company. All rights and obligations of BBVA&#146;s shareholders are contained in BBVA&#146;s Bylaws and in Spanish law. Pursuant to Royal Decree 84/2015 of February&nbsp;13, implementing Law 10/2014, amendments of the Bylaws of a bank
are subject to notice or prior authorization of the Bank of Spain. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Registry and Company&#146;s Objects and Purposes </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">BBVA is registered with the Commercial Registry of Vizcaya (Spain). Its registration number at the Commercial Registry of Vizcaya is volume
2,083, Company section folio 1, sheet <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">BI-17-1,</FONT></FONT> 1st entry. Its corporate purpose is to engage in all kinds of activities, operations, acts, contracts and services within
the banking business or directly or indirectly related to it that are permitted or not prohibited by prevailing provisions and ancillary activities. Its corporate purpose also includes the acquisition, holding, utilization and divestment of
securities, public offerings to buy and sell securities, and any kind of holdings in any company or enterprise. BBVA&#146;s corporate purpose is contained in Article 3 of BBVA&#146;s Bylaws. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Certain Powers of the Board of Directors </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In general, provisions regarding directors are contained in our Bylaws. Also, our Board Regulations govern the internal procedures and the
operation of the Board of Directors and its Committees and directors&#146; rights and duties as described in their charter. The referred Board Regulations limit a director&#146;s right to vote on a proposal, arrangement or contract in which the
director is materially interested and require retirement of directors at a certain age. Directors are not required to hold shares of BBVA in order to be appointed as such. In relation to executive directors, please see <I>&#147;Item 6. Directors,
Senior Management and Employees-Compensation&#148;</I> regarding their share-based compensation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Lastly, the Board Regulations contain a
series of ethical standards. For more information please see <I>&#147;Item 6. Directors, Senior Management and Employees&#148;</I>. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Certain Provisions
Regarding Privileged Shares </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our Bylaws authorize us to issue ordinary, <FONT STYLE="white-space:nowrap">non-voting,</FONT> redeemable
and privileged shares. As of the date of the filing of this Annual Report, we have no <FONT STYLE="white-space:nowrap">non-voting,</FONT> redeemable or privileged shares outstanding. </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:Times New Roman" ALIGN="center">196 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company may issue shares that confer some privilege over ordinary shares under the legally
established terms and conditions, complying with the formalities prescribed for amending our Bylaws. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Redemption of shares may only occur
according to the terms set forth when they are issued. Redeemable shares must be fully <FONT STYLE="white-space:nowrap">paid-up</FONT> at the time of their subscription. If the redemption right was attributed exclusively to the issuer, it may not be
enforced until three years have elapsed since the issue. Redemption of redeemable shares must be charged to earnings or to free reserves or be made with the proceeds of a new share issue made under a resolution from the general shareholders&#146;
meeting or, as the case may be, from the Board of Directors, for the purpose of financing the redemption transaction. If the redemption of these shares is charged to earnings or to free reserves, the Company must set up a reserve for the amount of
the nominal value of the shares redeemed. If the redemption is not charged to earnings or free reserves or made with the proceeds of the issuance of new shares, it may only be carried out under the requirements established for the reduction of share
capital by refunding contributions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Holders of <FONT STYLE="white-space:nowrap">non-voting</FONT> shares, if issued, are entitled to
receive a minimum fixed or variable annual dividend, as resolved by the general shareholders&#146; meeting and/or the Board of Directors at the time of deciding to issue the shares. The right of <FONT STYLE="white-space:nowrap">non-voting</FONT>
shares to accumulate unpaid dividends whenever funds to pay dividends are not available, any preemptive subscription rights associated with <FONT STYLE="white-space:nowrap">non-voting</FONT> shares, and the ability of holders of <FONT
STYLE="white-space:nowrap">non-voting</FONT> shares to recover voting rights also must be established at the time of deciding to issue the shares. Once the minimum dividend has been agreed upon, holders of
<FONT STYLE="white-space:nowrap">non-voting</FONT> shares will be entitled to the same dividend as holders of ordinary shares. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Certain Provisions
Regarding Shareholders Rights </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of the date of the filing of this Annual Report, our capital is comprised of one class of ordinary
shares, all of which have the same rights. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Once the allocation requirements established by law and in our Bylaws have been covered,
dividends may be paid out to shareholders and charged to the year&#146;s profit or to unrestricted reserves, in proportion to the capital they may have paid up, provided the value of the total net assets is not, or as a result of such distribution
would not be, less than the share capital. Shareholders will participate in the distribution of earnings in proportion to their capital <FONT STYLE="white-space:nowrap">paid-up.</FONT> The right to collect a dividend lapses after five years as of
the date in which it was first available to the shareholders. Shareholders also have the right to participate in proportion to their capital <FONT STYLE="white-space:nowrap">paid-up</FONT> in any distribution of net assets resulting from our
liquidation. For more information regarding dividends see &#147;Item 4. Information on the Company &#150; Business Overview &#150; Supervision and Regulation &#150; Dividends&#148;. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Each voting share will confer the right to one vote on the holder present or represented at the general shareholders&#146; meeting. However,
unpaid shares with respect to which a shareholder is in default of the resolutions of the Board of Directors relating to their payment will not be entitled to vote. Our Bylaws contain no provisions regarding cumulative voting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our Bylaws do not contain any provisions relating to sinking funds or potential liability of shareholders to further capital calls by us. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our Bylaws do not establish that special quorums are required to change the rights of shareholders. Under Spanish law, the rights of
shareholders may only be changed by an amendment to the Bylaws that complies with the requirements explained below under &#147;&#151;Shareholders&#146; Meetings&#148;, plus the affirmative vote of the majority of the shares of the class that will be
affected by the amendment. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Shareholders&#146; Meetings </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The annual general shareholders&#146; meeting has its own set of regulations on issues such as how it operates and what rights shareholders
enjoy regarding general meetings. These establish the possibility of exercising or delegating votes over remote communication media. </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:Times New Roman" ALIGN="center">197 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">General shareholders&#146; meetings may be annual or extraordinary. The annual general
shareholders&#146; meeting is held within the first six months of each year. It will give approval, among other things and where applicable, to the corporate management of the Company and the financial statements for the previous year and resolve as
to the allocation of profits or losses. Extraordinary general shareholders&#146; meetings are those meetings that are not ordinary. In any case, the requirements mentioned below for constitution and adoption of resolutions are applicable to both
categories of general shareholders&#146; meetings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">General shareholders&#146; meetings will be called at the initiative of and according
to the agenda determined by the Board of Directors, whenever it deems necessary or advisable for the Company&#146;s interests, and in any case on the dates or in the periods determined by law and the Company Bylaws, or upon the request of one or
several shareholders representing at least three percent of our share capital. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our general shareholders&#146; meeting Regulations
establish that annual and extraordinary general shareholders&#146; meetings must be called within the notice period required by law. This will be done by means of an announcement published by the Board of Directors or its proxy in the Official
Gazette of the Companies Registry (&#147;<B>BORME</B>&#148;) or one of the most widely disseminated daily newspapers in Spain within the notice period required by law, as well as being disseminated on the CNMV (the Spanish Securities Market
Commission) website and the Company website, except when legal provisions establish other media for disseminating the notice. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
Company&#146;s general shareholders&#146; meetings may be attended by anyone owning the minimum number of shares established in our Bylaws (500), provided that their holding is registered in the corresponding accounting records five days before the
meeting is scheduled and that they keep at least that same number of shares until the meeting is held. Holders of fewer shares may group together until they make up at least that number, appointing a representative. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">General shareholders&#146; meetings will be validly constituted at first summons with the presence of at least 25% of our voting capital,
either in person or by proxy. No minimum quorum is required to hold a general shareholders&#146; meeting at second summons. In either case, resolutions will be agreed by the majority of the votes. However, a general shareholders&#146; meeting will
only be validly held with the presence of 50% of our voting capital at first summons or of 25% of the voting capital at second summons, in the case of resolutions concerning the following matters: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">debt issuances; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">share capital increases or decreases; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the exclusion or limitation of the <FONT STYLE="white-space:nowrap">pre-emptive</FONT> subscription rights over new shares; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">transformation, merger of BBVA or <FONT STYLE="white-space:nowrap">spin-off</FONT> and global assignment of assets and liabilities; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the <FONT STYLE="white-space:nowrap">off-shoring</FONT> of domicile, and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">any other amendment to the Bylaws. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In these cases, resolutions may only be approved with the
vote of the absolute majority of the shares if at least 50% of the voting capital is present or represented at the general shareholders&#146; meeting. If the voting capital present or represented at the meeting at second summons is less than 50%
(but over 25%), then resolutions may only be adopted by <FONT STYLE="white-space:nowrap">two-thirds</FONT> of the shares present or represented. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Additionally, our Bylaws state that, in order to adopt resolutions approving the replacement of the corporate purpose, the transformation,
total <FONT STYLE="white-space:nowrap">spin-off,</FONT> the winding up of BBVA and amending that paragraph of the relevant article of our Bylaws, <FONT STYLE="white-space:nowrap">two-thirds</FONT> of the subscribed voting capital must attend the
general shareholders&#146; meeting at first summons, or 60% of that capital at second summons. </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:Times New Roman" ALIGN="center">198 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Restrictions on the Ownership of Shares </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our Bylaws do not provide for any restrictions on the ownership of our ordinary shares. Spanish law, however, provides for certain restrictions
which are described below under &#147;&#151;&nbsp;Exchange Controls&#151;Restrictions on Acquisitions of Shares&#148;. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Restrictions on Foreign
Investments </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Spanish Stock Exchanges are open to foreign investors. Investments in shares of Spanish companies by foreign entities
or individuals may be freely executed but require the notification to the Spanish Foreign Investment Authorities for administrative statistical and economical purposes. See <I>&#147;&#151;</I><I></I><I>&nbsp;Exchange Controls&#148;.</I> In addition,
they are subject to certain restrictions and requirements which are also applicable to investments by domestic entities or individuals. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Current Spanish regulations provide that foreign investors may freely transfer out of Spain any amounts of invested capital, capital gains and
dividends subject to applicable taxes. See <I>&#147;&#151;</I><I></I><I>&nbsp;Exchange Controls&#148;.</I> </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_51"></A>C. Material
Contracts </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Shareholders&#146; Agreement in Connection with Garanti </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On November 1, 2010, in connection with the acquisition of our initial stake in Garanti, we entered into a shareholders&#146; agreement with
Do&#287;u&#351;, which was subsequently amended and restated on November 19, 2014. The amended and restated shareholders&#146; agreement ceased to be in effect upon the closing, on March 22, 2017, of our acquisition of an additional 9.95% stake in
Garanti. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">While the amended and restated shareholders&#146; agreement allowed BBVA to appoint the Chairman of Garanti&#146;s board of
directors, the majority of its members and Garanti&#146;s CEO, it also provided for a list of reserved matters which had to be implemented or approved (either at a meeting of the shareholders or of the board) with each party&#146;s consent. For
example, Do&#287;u&#351;&#146; consent was necessary to approve any decisions in connection with the disposal or discontinuance of, or material changes to, any line of business or business entity within the Garanti group that had a value in excess
of 25% of the Garanti group&#146;s total net assets, in one financial year. In addition, the amended and restated shareholders&#146; agreement provided for certain rights of first offer, tag-along rights and a lock-up period in respect of Garanti
shares owned by Do&#287;u&#351;. Moreover, the parties agreed to seek to maintain Garanti&#146;s listing on the Istanbul Exchange and to distribute at least 25% of Garanti&#146;s distributable profits as long as they held a certain stake in Garanti.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>D. Exchan<A NAME="tx368256_52"></A>ge Controls </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In 1991, Spain adopted the EU Standards for free movement of capital and services. As a result, foreign investors may transfer invested
capital, capital gains and dividends out of Spain without limitation as to amount, subject to applicable taxes. See &#147;&#151;Taxation&#148;. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to Spanish Law 18/1992 on Foreign Investments and Royal Decree 664/1999 on the Applicable rules to Foreign Investments, foreign
investors may freely invest in shares of Spanish companies except in the case of certain strategic industries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding this,
Royal Decree 664/1999 and Law 19/2003, on exchange controls and foreign transactions, require notification of all foreign investments in Spain and liquidations of such investments upon completion of such investments to the Investments Registry of
the Ministry of Economy and Competitiveness for administrative statistical and economical purposes. Shares in listed Spanish companies acquired or held by foreign investors must be reported to the Spanish Registry of Foreign Investments by the
depositary bank or relevant Iberclear member. When a foreign investor acquires shares that are subject to the reporting requirements of the CNMV regarding significant stakes, notice must be given directly by the foreign investor to the relevant
authorities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Moreover, investments by foreigners domiciled in enumerated tax haven jurisdictions, under Royal Decree 1080/1991, are
subject to special reporting requirements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In certain circumstances and following a specific procedure, the Council of Ministers may
agree to suspend the application of Royal Decree 664/1999, if the investments, due to their nature, form or condition, affect or may potentially affect activities relating to the exercise of public powers, national security or public health. Law
19/2003 authorizes the Spanish Government to take measures to impose specific limits or prohibitions, related to third countries, when such measures have been previously approved by the European Union or by an international organization to which
Spain is member. Should such regimes be suspended, the affected investor shall obtain prior administrative authorization. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Restrictions on Acquisitions of Shares </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to Spanish Law 10/2014, any individual or corporation, acting alone or in concert with others, intending to directly or indirectly
acquire a significant holding in a Spanish financial institution (as defined in article 16 of the aforementioned Law 10/2014) or to directly or indirectly increase its holding in one in such a way that either the percentage of voting rights or of
capital owned were equal to or exceed 20%, 30% or 50%, or by virtue of the acquisition, might take control over the financial institution, must first notify the Bank of Spain. </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:Times New Roman" ALIGN="center">199 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the purpose of this Law, a significant participation is considered 10% of the outstanding
share capital of a financial institution or a lower percentage if such holding allows for the exercise of a significant influence. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
Bank of Spain will be responsible for evaluating the proposed transaction, in accordance with the terms established by Royal Decree 84/2015, of February&nbsp;13, (as stated in Article 25.1 of said Royal Decree 84/2015) in order to guarantee the
sound and prudent operation on the target financial institution. The Bank of Spain will submit a proposition before the European Central Bank, which will be in charge of deciding upon the proposed transaction in the term of 60 working days after the
date on which the notification was received. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any acquisition without such prior notification, or before the period established in the
Royal Decree 84/2015 has elapsed or against the objection of the Bank of Spain, will produce the following results: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the acquired shares will have no voting rights; </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">if considered appropriate, the target bank may be taken over or its directors replaced; and </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the sanctions established in Title IV of Law 10/2014. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Regarding the transparency of listed
companies, Law 6/2007 amended the Securities Markets Act on takeover bids and transparency requirements for issuers. The transparency requirements have been further developed by Royal Decree 1362/2007 developing the Securities Markets Act on
transparency requirement for issuers of listed securities, specifically information on significant stakes, reducing the communication threshold to 3%, and extending the disclosure obligations to the acquisition or transfer of financial instruments
that grant rights to acquire shares with voting rights. For more information see <I>&#147;Item 9. The Offer and Listing&#151;Offer and Listing Details &#151; Reporting Requirements&#148;</I>. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Tender Offers </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
Spanish legal regime concerning takeover bids, which reflects the related EU regulation (mainly Directive 2004/25/EC), is set forth in Royal Decree 4/2015, of October&nbsp;23, approving the restated text of the Securities Market Act, and Royal
Decree 1066/2007, of July&nbsp;29, on takeover bids. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>E. Taxa<A NAME="tx368256_53"></A>tion </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Spanish Tax Considerations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following is a summary of the material Spanish tax consequences to U.S. Residents (as defined below) of the acquisition, ownership and
disposition of BBVA&#146;s ADSs or ordinary shares as of the date of the filing of this Annual Report. This summary does not address all tax considerations that may be relevant to all categories of potential purchasers, some of whom (such as life
insurance companies, <FONT STYLE="white-space:nowrap">tax-exempt</FONT> entities, dealers in securities or financial institutions) may be subject to special rules. In particular, the summary deals only with the U.S. Holders (as defined below) that
will hold ADSs or ordinary shares as capital assets and who do not at any time own individually, and are not treated as owning, 25% or more of BBVA&#146;s shares, including ADSs. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As used in this particular section, the following terms have the following meanings: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) &#147;U.S. Holder&#148; means a beneficial owner of BBVA&#146;s ADSs or ordinary shares that is for U.S. federal income tax purposes: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">a citizen or an individual resident of the United States, </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">a corporation or other entity treated as a corporation, created or organized under the laws of the United States, any state therein or the District of Columbia, or </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">an estate or trust the income of which is subject to U.S. federal income tax without regard to its source. </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:Times New Roman" ALIGN="center">200 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) &#147;Treaty&#148; means the Convention between the United States and the Kingdom of Spain
for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income, together with a related Protocol. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3) &#147;U.S. Resident&#148; means a U.S. Holder that is a resident of the United States for the purposes of the Treaty and entitled to the
benefits of the Treaty, whose holding is not effectively connected with (1)&nbsp;a permanent establishment in Spain through which such holder carries on or has carried on business, or (2)&nbsp;a fixed base in Spain from which such holder performs or
has performed independent personal services. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Holders of ADSs or ordinary shares should consult their tax advisors, particularly as to the
applicability of any tax treaty. The statements regarding Spanish tax laws set out below are based on interpretations of those laws in force as of the date of this Annual Report. Such statements also assume that each obligation in the Deposit
Agreement and any related agreement will be performed in full accordance with the terms of those agreements. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Taxation of Dividends
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under Spanish law, cash dividends paid by BBVA to a holder of ordinary shares or ADSs who is not resident in Spain for tax
purposes and does not operate through a permanent establishment in Spain, are subject to Spanish <FONT STYLE="white-space:nowrap">Non-Resident</FONT> Income Tax, withheld at source at a 19% tax rate. For these purposes, upon distribution of the
dividend, BBVA or its paying agent will withhold an amount equal to the tax due according to the rules set forth above (applying a withholding tax rate of 19%), transferring the resulting net amount to the depositary. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">However, under the Treaty, if you are a U.S. Resident, you are entitled to a reduced withholding tax rate of 15%. To benefit from the
Treaty-reduced rate of 15%, if you are a U.S. Resident, you must provide to BBVA through our paying agent depositary, before the tenth day following the end of the month in which the dividends were payable, a certificate from the U.S. Internal
Revenue Service (&#147;<B>IRS</B>&#148;) stating that, to the best knowledge of the IRS, you are a resident of the United States within the meaning of the Treaty and entitled to its benefits. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If the paying agent depositary provides timely evidence (i.e., by means of the IRS certificate) of your right to apply the Treaty-reduced rate
it will immediately receive the surplus amount withheld, which will be credited to you. The IRS certificate is valid for a period of one year from issuance. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">To help shareholders obtain such certificates, BBVA has set up an online procedure to make this as easy as possible. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If the certificate referred to in the above paragraph is not provided to us through our paying agent depositary within said term, you may
afterwards obtain a refund of the amount withheld in excess of the rate provided for in the Treaty. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Scrip Dividend </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As described under &#147;Item 4. Information on the Company&#151; Business Overview&#151;Supervision and Regulation&#151;Dividends&#151;Scrip
Dividend&#148;, the BBVA annual shareholders&#146; general meeting held on March&nbsp;17, 2017, passed a resolution adopting a capital increase to be charged to voluntary reserves for the implementation of a &#147;Dividend Option&#148; during 2017.
This remuneration scheme offers the shareholders the possibility of electing how they would like to receive their remuneration: in cash or in newly issued ordinary shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the terms of the &#147;Dividend Option&#148; program, upon its implementation, the shareholders will receive one right of free
allocation for each share of BBVA that they hold as of a given record date. These rights will be tradable on the Spanish Stock Exchanges for a minimum period of 15 natural days. BBVA will undertake to purchase the rights of free allocation tendered
by the shareholders to it during a certain period of time at a fixed price, subject to the conditions that may be imposed each time the &#147;Dividend Option&#148; program is implemented. This fixed price will be the result of dividing the Reference
Price (as defined below) by the number of rights necessary to receive one new share plus one. At the end of the tradable period of the rights of free allocation, the rights not validly tendered to BBVA will be automatically converted into
newly-issued ordinary shares of the Company. The number of rights necessary for the allocation of one new share and the total number of shares to be issued by BBVA will depend, amongst other factors, on the arithmetic mean of the weighted average
prices of BBVA&#146;s shares on the Spanish Stock Exchanges over the five trading sessions immediately prior to the Board of Directors&#146; resolution concerning the execution of the relevant capital increase to be charged to reserves (the
&#147;Reference Price&#148;). </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:Times New Roman" ALIGN="center">201 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Consequently, when each of the capital increases implementing the &#147;Dividend Option&#148;
scheme is executed, the shareholders of BBVA will have the option to freely choose among: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top">Not transferring their rights of free allocation. In this case, at the end of the trading period, the shareholders will receive the number of newly issued <FONT STYLE="white-space:nowrap">paid-up</FONT> ordinary shares
to which they are entitled. For tax purposes, the vesting of <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">free-of-charge</FONT></FONT> shares does not comprise income for the purposes of the Spanish <FONT
STYLE="white-space:nowrap">Non-Residents&#146;</FONT> Income Tax, whether or not <FONT STYLE="white-space:nowrap">non-residents</FONT> act through a permanent establishment in Spain. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">The acquisition value of both the new shares received as a consequence of each capital increase and the shares from which they originate will
result from distributing the total cost among the number of shares (both old and those issued as <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">free-of-charge</FONT></FONT> shares). Such <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">free-of-charge</FONT></FONT> shares will be deemed to have been held for as long as the shares from which they originate. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top">To transfer all or some of their rights of free allocation on the market at the price at which those rights are traded at that moment. In this case, the amount obtained from the transfer of such rights on the market
will, in general, be subject to the following tax treatment: </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">1. Until December&nbsp;31, 2016: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">For purposes of the Spanish <FONT STYLE="white-space:nowrap">Non-Residents&#146;</FONT> Income Tax, when the transaction is carried out without
a permanent establishment, the amount obtained from the transfer of the rights of free allocation on the market will be subject to the same tax treatment as <FONT STYLE="white-space:nowrap">pre-emptive</FONT> subscription rights. Accordingly, for
tax purposes, the amount obtained from the transfer of the rights of free allocation is subtracted from the acquisition value of the shares from which these rights originate, pursuant to article 37.1.a) of Law 35/2006, of November&nbsp;28, on
Personal Income Tax (Ley del Impuesto sobre la Renta de las Personas F&iacute;sicas&#151;From January&nbsp;1, 2017, article 37.1.a) of Law 35/2016 has been modified (by virtue of Sixth Final Disposition, Law 26/2014)), which partially amends the
Acts on Corporate Income Tax, <FONT STYLE="white-space:nowrap">Non-Residents&#146;</FONT> Income Tax and Wealth Tax. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Thus, only if the
amount obtained from the aforementioned transfer exceeds the acquisition value of the shares from which they originate, will the difference be considered a capital gain for the transferor in the tax period in which the transfer takes place. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">2. From January&nbsp;1, 2017: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">For purposes of the Spanish <FONT STYLE="white-space:nowrap">Non-Residents</FONT> Income Tax, when the transaction is carried out without a
permanent establishment, the amount obtained from the transfer of the rights of free allocation on the market will be considered a capital gain for the transferor in the tax period in which the transfer takes place. Such amount will be subject to a
withholding tax rate of 19%. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top">To transfer all or some of their rights of free allocation to BBVA under the purchase commitment assumed by the Bank. The tax treatment applicable to the amount obtained in the transfer to the Company of the rights of
free allocation due to the shareholders&#146; status as such, will be equivalent to the tax treatment applicable to dividends directly distributed in cash and, consequently, such amount will be subject to the corresponding withholding tax
(currently, 19%). </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">It should be borne in mind that this analysis does not cover all the possible tax consequences.
Therefore, shareholders are advised to consult with their tax advisors. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Spanish Refund Procedure </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">According to Spanish Regulations on <FONT STYLE="white-space:nowrap">Non-Resident</FONT> Income Tax, approved by Royal Decree 1776/2004 dated
July&nbsp;30, 2004, as amended, a refund for the amount withheld in excess of the Treaty-reduced rate can be obtained from the relevant Spanish tax authorities. To pursue the refund claim, if you are a U.S. Resident, you are required to file: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the corresponding Spanish tax form, </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the certificate referred to in the preceding section, and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">evidence of the Spanish <FONT STYLE="white-space:nowrap">Non-Resident</FONT> Income Tax that was withheld with respect to you. </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:Times New Roman" ALIGN="center">202 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The refund claim must be filed within four years from the date in which the withheld tax was
collected by the Spanish tax authorities, but not before February&nbsp;1, of the following year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">U.S. Residents are urged to consult
their own tax advisors regarding refund procedures and any U.S. tax implications thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">U.S. Holders should consult their tax advisors
regarding the availability of, and the procedures to be followed in connection with, this exemption. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Taxation of Rights
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Distribution of preemptive rights to subscribe for new shares made with respect to your shares in BBVA will not be treated as
income under Spanish law and, therefore, will not be subject to Spanish <FONT STYLE="white-space:nowrap">Non-Resident</FONT> Income Tax. The exercise of such preemptive rights is not considered a taxable event under Spanish law and thus is not
subject to Spanish tax. Capital gains derived from the disposition of preemptive rights received by U.S. Residents are generally not taxed in Spain provided that certain conditions are met (see <I>&#147;&#151;</I><I></I><I>&nbsp;Taxation of Capital
Gains&#148; </I>below). </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Taxation of Capital Gains </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under Spanish law, any capital gains derived from securities issued by persons residing in Spain for tax purposes are considered to be
Spanish-source income and, therefore, are taxable in Spain. For Spanish tax purposes, gain recognized by you, if you are a U.S. Resident, from the sale of BBVA&#146;s ADSs or ordinary shares will be treated as capital gains. Spanish <FONT
STYLE="white-space:nowrap">Non-Resident</FONT> Income Tax is currently levied at a 19% tax rate, on capital gains recognized by persons who are not residents of Spain for tax purposes, who are not entitled to the benefit of any applicable treaty for
the avoidance of double taxation and who do not operate through a fixed base or a permanent establishment in Spain. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding the
discussion above, capital gains derived from the transfer of shares on an official Spanish secondary stock market by any holder who is resident in a country that has entered into a treaty for the avoidance of double taxation with an &#147;exchange
of information&#148; clause (the Treaty contains such a clause) will be exempt from taxation in Spain. Additionally, capital gains realized by <FONT STYLE="white-space:nowrap">non-residents</FONT> of Spain who are entitled to the benefit of an
applicable treaty for the avoidance of double taxation will, in the majority of cases, not be taxed in Spain (since most tax treaties provide for taxation only in the taxpayer&#146;s country of residence). If you are a U.S. Resident, under the
Treaty, capital gains arising from the disposition of ordinary shares or ADSs will not be taxed in Spain. You will be required to establish that you are entitled to this exemption by providing to the relevant Spanish tax authorities a certificate of
residence in the United States from the IRS (discussed above in &#147;&#151;&nbsp;Taxation of Dividends&#148;), together with the corresponding Spanish tax form. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Spanish Inheritance and Gift Taxes </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Transfers of BBVA&#146;s shares or ADSs upon death or by gift to individuals are subject to Spanish inheritance and gift taxes (Spanish Law
29/1987), if the transferee is a resident in Spain for tax purposes, or if BBVA&#146;s shares or ADSs are located in Spain, regardless of the residence of the transferee. In this regard, the Spanish tax authorities may argue that all shares of a
Spanish corporation and all ADSs representing such shares are located in Spain for Spanish tax purposes. The applicable tax rate for individuals, after applying all relevant factors, ranges between approximately 7.65% and 81.6% under Spanish Law
29/1987. After determining the tax rate, some multipliers, that range from 1.0 to 2.4, are applied in order to assess the tax due. Those multipliers take into account the preexisting wealth of the inheritor / donee, and the kinship with the deceased
/ donor. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Corporations that are <FONT STYLE="white-space:nowrap">non-residents</FONT> of Spain that receive BBVA&#146;s shares or ADSs as
a gift are subject to Spanish <FONT STYLE="white-space:nowrap">Non-Resident</FONT> Income Tax at a 19% tax rate on the fair market value of such ordinary shares or ADSs as a capital gain tax. If the donee is a U.S. resident corporation, the
exclusions available under the Treaty described in &#147;&#151;&nbsp;Taxation of Capital Gains&#148; above will be applicable. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Spanish Transfer Tax </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Transfers of BBVA&#146;s ordinary shares or ADSs will be exempt from Transfer Tax (<I>Impuesto sobre Transmisiones Patrimoniales</I>) or
Value-Added Tax. Additionally, no stamp duty will be levied on such transfers. </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:Times New Roman" ALIGN="center">203 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>U.S. Tax Considerations </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following summary describes material U.S. federal income tax consequences of the ownership and disposition of ADSs or ordinary shares, but
it does not purport to be a comprehensive description of all of the tax considerations that may be relevant to a particular person&#146;s decision to hold the securities. The summary applies only to U.S. Holders that are eligible for the benefits of
the Treaty (in each case, as defined under &#147;Spanish Tax Considerations&#148; above) and that hold ADSs or ordinary shares as capital assets for tax purposes and does not address all of the tax consequences, including the potential application
of the provisions of the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;), known as the Medicare contribution tax, and tax consequences that may be relevant to holders subject to special rules, such as: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">certain financial institutions; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">dealers or traders in securities who use a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">mark-to-market</FONT></FONT> method of accounting; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">persons holding ADSs or ordinary shares as part of a hedging transaction, straddle, wash sale, conversion transaction or integrated transaction or persons entering into a constructive sale with respect to the ADSs or
ordinary shares; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">persons whose &#147;functional currency&#148; for U.S. federal income tax purposes is not the U.S. dollar; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">persons liable for the alternative minimum tax; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">tax-exempt</FONT> entities; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">partnerships or other entities classified as partnerships for U.S. federal income tax purposes; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">persons holding ADSs or ordinary shares in connection with a trade or business conducted outside of the United States; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">persons who acquired our ADSs or ordinary shares pursuant to the exercise of any employee stock option or otherwise as compensation; or </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">persons who own or are deemed to own 10% or more of our voting shares. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If an entity that is
classified as a partnership for U.S. federal income tax purposes holds ADSs or ordinary shares, the U.S. federal income tax treatment of a partner will generally depend on the status of the partner and the activities of the partnership. Partnerships
holding ADSs or ordinary shares and partners in such partnerships should consult their tax advisors as to the particular U.S. federal income tax consequences of holding and disposing of the ADSs or ordinary shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The summary is based upon the tax laws of the United States, including the Code, the Treaty, administrative pronouncements, judicial decisions
and final, temporary and proposed Treasury regulations, all as of the date hereof. These laws are subject to change, possibly with retroactive effect. In addition, the summary is based in part on representations by the depositary and assumes that
each obligation provided for in or otherwise contemplated by BBVA&#146;s deposit agreement and any other related document will be performed in accordance with its terms. Prospective purchasers of the ADSs or ordinary shares are urged to consult
their tax advisors as to the U.S., Spanish or other tax consequences of the ownership and disposition of ADSs or ordinary shares in their particular circumstances, including the effect of any U.S. state or local tax laws. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In general, for United States federal income tax purposes, a U.S. Holder who owns ADSs will be treated as the owner of the underlying ordinary
shares represented by those ADSs. Accordingly, no gain or loss will be recognized if a U.S. Holder exchanges ADSs for the underlying ordinary shares represented by those ADSs. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The U.S. Treasury has expressed concerns that parties to whom American depositary shares are released before shares are delivered to the
depositary, or intermediaries in the chain of ownership between holders and the issuer of the security underlying the American depositary shares, may be taking actions that are inconsistent with the claiming of foreign tax credits by U.S. holders of
American depositary shares. Such actions would also be inconsistent with the claiming of the reduced rate of tax applicable to dividends received by certain <FONT STYLE="white-space:nowrap">non-corporate</FONT> U.S. Holders, as described below.
Accordingly, the analysis of the creditability of Spanish taxes and the availability of the reduced tax rate for dividends received by certain <FONT STYLE="white-space:nowrap">non-corporate</FONT> U.S. Holders, each described below, could be
affected by future actions that may be taken by such parties. </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:Times New Roman" ALIGN="center">204 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This discussion assumes that BBVA is not, and will not become, a passive foreign investment
company (&#147;PFIC&#148;) (as discussed below). </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Taxation of Distributions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Distributions, before reduction for any Spanish income tax withheld by BBVA or its paying agent, made with respect to ADSs or ordinary shares
(other than certain pro rata distributions of ordinary shares or rights to subscribe for ordinary shares of BBVA&#146;s capital stock) will be includible in the income of a U.S. Holder as ordinary income, to the extent paid out of BBVA&#146;s
current or accumulated earnings and profits as determined in accordance with U.S. federal income tax principles. Because we do not maintain calculations of our earnings and profits under U.S. federal income tax principles, it is expected that
distributions generally will be reported to U.S. Holders as dividends. The amount of such dividends will generally be treated as foreign-source dividend income and will not be eligible for the &#147;dividends-received deduction&#148; generally
allowed to U.S. corporations under the Code. Subject to applicable limitations and the discussion above regarding concerns expressed by the U.S. Treasury, dividends paid to certain <FONT STYLE="white-space:nowrap">non-corporate</FONT> U.S. Holders
will be taxable as &#147;qualified dividend income&#148; and therefore will be taxable at favorable rates applicable to long-term capital gains. U.S. Holders should consult their own tax advisors to determine the availability of these favorable
rates in their particular circumstances. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The amount of dividend income will equal the U.S. dollar value of the euro received, calculated
by reference to the exchange rate in effect on the date of receipt (which, for U.S. Holders of ADSs, will be the date such distribution is received by the depositary), whether or not the depositary or U.S. Holder in fact converts any euro received
into U.S. dollars at that time. If the dividend is converted into U.S. dollars on the date of receipt, a U.S. Holder should not be required to recognize foreign currency gain or loss in respect of the dividend income. A U.S. Holder may have foreign
currency gain or loss if the dividend is converted into U.S. dollars after the date of receipt. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A scrip dividend (such as a dividend
distributed under the &#147;Dividend Option&#148; program, described in &#147;Item 4. Information on the Company&#151;Business Overview&#151;Supervision and Regulation&#151;Dividends&#151;Scrip Dividend&#148;) will be taxed in the same manner as a
distribution of cash, regardless of whether a U.S. Holder elects to receive the dividend in shares rather than cash. If the U.S. Holder elects to receive the dividend in shares, the U.S. Holder will be treated as having received a distribution equal
to the U.S. dollar fair market value of the shares on the date of distribution. The U.S. Holder&#146;s tax basis in such shares received will be equal to the U.S. dollar fair market value of the shares on the date of distribution and the holding
period for such shares will begin on the day following the distribution. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subject to applicable limitations that vary depending upon a
U.S. Holder&#146;s circumstances and subject to the discussion above regarding concerns expressed by the U.S. Treasury, a U.S. Holder will be entitled to a credit against its U.S. federal income tax liability for Spanish income taxes withheld by
BBVA or its paying agent at a rate not exceeding the rate the U.S. Holder is entitled to under the Treaty. Spanish taxes withheld in excess of the rate applicable under the Treaty will not be eligible for credit against the U.S. Holder&#146;s U.S.
federal income tax liability. See <I>&#147;Spanish Tax Considerations&#150;Taxation of Dividends&#148;</I> for a discussion of how to obtain the Treaty rate. The rules governing foreign tax credits are complex and, therefore, U.S. Holders should
consult their tax advisors regarding the availability of foreign tax credits in their particular circumstances. Instead of claiming a credit, the U.S. Holder may, at its election, deduct such Spanish taxes in computing its U.S. federal taxable
income. An election to deduct foreign taxes instead of claiming foreign tax credits must apply to all taxes paid or accrued in the taxable year to foreign countries and possessions of the United States. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Sale or Other Disposition of ADSs or Shares </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For U.S. federal income tax purposes, gain or loss realized by a U.S. Holder on the sale or other disposition of ADSs or ordinary shares will
be capital gain or loss in an amount equal to the difference between the U.S. Holder&#146;s tax basis in the ADSs or ordinary shares disposed of and the amount realized on the disposition, in each case as determined in U.S. dollars. Such gain or
loss will be long-term capital gain or loss if the U.S. Holder held the ordinary shares or ADSs for more than one year at the time of disposition. Gain or loss, if any, will generally be U.S. source for foreign tax credit purposes. The deductibility
of capital losses is subject to limitations. </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:Times New Roman" ALIGN="center">205 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Passive Foreign Investment Company Rules </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Based upon certain proposed Treasury regulations which are proposed to be effective for taxable years beginning after December&nbsp;31, 1994
(&#147;Proposed Regulations&#148;), we believe that we were not a PFIC for U.S. federal income tax purposes for our 2016 taxable year. However, since our PFIC status depends upon the composition of our income and assets and the market value of our
assets (including, among others, less than 25% owned equity investments) from time to time and since there is no guarantee that the Proposed Regulations will be adopted in their current form and because the manner of the application of the Proposed
Regulations is not entirely clear, there can be no assurance that we will not be considered a PFIC for any taxable year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If we were
treated as a PFIC for any taxable year during which a U.S. Holder held ADSs or ordinary shares, gain recognized by such U.S. Holder on a sale or other disposition (including certain pledges) of an ADS or an ordinary share would be allocated ratably
over the U.S. Holder&#146;s holding period for the ADS or the ordinary share. The amounts allocated to the taxable year of the sale or other exchange and to any year before we became a PFIC would be taxed as ordinary income. The amount allocated to
each other taxable year would be subject to tax at the highest rate in effect for individuals or corporations, as applicable for that taxable year, and an interest charge would be imposed on the amount of tax allocated to such taxable year. The same
treatment would apply to any distribution received by a U.S. Holder on its ordinary shares or ADSs to the extent that such distribution exceeds 125% of the average of the annual distributions on the ordinary shares or ADSs received during the
preceding three years or the U.S. Holder&#146;s holding period, whichever is shorter. In addition, if we were a PFIC or, with respect to a particular U.S. Holder, were treated as a PFIC for the taxable year in which we paid a dividend or the prior
taxable year, the favorable tax rates discussed above with respect to dividends paid to certain <FONT STYLE="white-space:nowrap">non-corporate</FONT> U.S. Holders would not apply. Certain elections may be available (including a <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">mark-to-market</FONT></FONT> election) that may provide alternative tax treatments. U.S. Holders should consult their tax advisors regarding whether we are or were a PFIC, the potential
application of the PFIC rules to their ownership and disposition of ordinary shares or ADSs, whether any of these elections for alternative treatment would be available and, if so, what the consequences of the alternative treatments would be in
their particular circumstances. If we were a PFIC for any taxable year during which a U.S. Holder owned our shares, the U.S. Holder would generally be required to file IRS Form 8621 with their annual U.S. federal income tax returns, subject to
certain exceptions. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Information Reporting and Backup Withholding </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Information returns may be filed with the IRS in connection with payments of dividends on, and the proceeds from a sale or other disposition
of, ADSs or ordinary shares. A U.S. Holder may be subject to U.S. backup withholding on these payments if the U.S. Holder fails to provide its taxpayer identification number to the paying agent and comply with certain certification procedures or
otherwise establish an exemption from backup withholding. The amount of any backup withholding from a payment to a U.S. Holder will be allowed as a credit against the U.S. Holder&#146;s U.S. federal income tax liability and may entitle the U.S.
Holder to a refund, provided that the required information is timely furnished to the IRS. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Certain U.S. Holders who are individuals or
entities closely-held by individuals may be required to report information relating to securities of <FONT STYLE="white-space:nowrap">non-U.S.</FONT> companies, or accounts through which they are held, subject to certain exceptions (including an
exception for securities held in accounts maintained by U.S. financial institutions). U.S. Holders should consult their tax advisors regarding the effect, if any, of these rules on their ownership or disposition of ordinary shares or ADSs. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_54"></A>F. Dividends and Paying Agents </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Not Applicable.<B> </B> </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>G. <A NAME="tx368256_55">
</A>Statement by Experts </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Not Applicable. </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:Times New Roman" ALIGN="center">206 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>H. Documents o<A NAME="tx368256_56"></A>n Display </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are subject to the information requirements of the Exchange Act, except that as a foreign private issuer, we are not subject to the proxy
rules or the short-swing profit disclosure rules of the Exchange Act. In accordance with these statutory requirements, we file or furnish reports and other information with the SEC. Reports and other information filed or furnished by BBVA with the
SEC may be inspected and copied at the public reference facilities maintained by the SEC at 100 F Street, N.E., Washington, D.C. 20549. Copies of such material may also be inspected at the offices of the New York Stock Exchange, 11 Wall Street, New
York, New York 10005, on which BBVA&#146;s ADSs are listed. In addition, the SEC maintains a web site that contains information filed or furnished electronically with the SEC, which can be accessed over the internet at <U>http://www.sec.gov</U>.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>I. S<A NAME="tx368256_57"></A>ubsidiary Information </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Not Applicable. </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:Times New Roman" ALIGN="center">207 </P>


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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_58"></A>ITEM&nbsp;11.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Trading Portfolio Activities </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Market risk originates as a result of movements in the market variables that impact the valuation of traded financial products and assets. The
main risks can be classified as follows: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Interest rate risk: This arises as a result of exposure to movements in the different interest-rate curves involved in trading. Although the typical products that generate sensitivity to the movements in interest rates
are money-market products (deposits, interest-rate futures, call money swaps, etc.) and traditional interest-rate derivatives (swaps and interest-rate options such as caps, floors, swaptions, etc.), practically all the financial products are exposed
to interest-rate movements due to the effect that such movements have on the valuation of the financial discount. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Equity risk: This arises as a result of movements in share prices. This risk is generated in spot positions in shares or any derivative products whose underlying asset is a share or an equity index. Dividend risk is a <FONT
STYLE="white-space:nowrap">sub-risk</FONT> of equity risk, arising as an input for any equity option. Its variation may affect the valuation of positions and it is therefore a factor that generates risk on the books. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Exchange rate risk: This is caused by movements in the exchange rates of the different currencies in which a position is held. As in the case of equity risk, this risk is generated in spot currency positions, and in any
derivative product whose underlying asset is an exchange rate. In addition, the quanto effect (operations where the underlying asset and the instrument itself are denominated in different currencies) means that in certain transactions in which the
underlying asset is not a currency, an exchange-rate risk is generated that has to be measured and monitored. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Credit-spread risk: Credit spread is an indicator of an issuer&#146;s credit quality. Spread risk occurs due to variations in the levels of spread of both corporate and government issues, and affects positions in bonds
and credit derivatives. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Volatility risk: This occurs as a result of changes in the levels of implied price volatility of the different market instruments on which derivatives are traded. This risk, unlike the others, is exclusively a component
of trading in derivatives and is defined as a first-order convexity risk that is generated in all possible underlying assets in which there are products with options that require a volatility input for their valuation. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We believe the metrics developed to control and monitor market risk in the BBVA Group are aligned with best practices in the market, and they
are implemented consistently across all the local market risk units. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Measurement procedures are established in terms of the possible
impact of negative market conditions on the trading portfolio of the Group&#146;s Global Markets units, both under ordinary circumstances and in situations of heightened risk factors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The standard metric used to measure market risk is Value at Risk (&#147;<B>VaR</B>&#148;), which indicates the maximum loss that may occur in
the portfolios at a given confidence level (99%) and time horizon (one day). This statistic value is widely used in the market and has the advantage of summing up in a single metric the risks inherent to trading activity, taking into account how
they are related and providing a prediction of the loss that the trading book could sustain as a result of fluctuations in equity prices, interest rates, foreign exchange rates and commodity prices. The market risk analysis considers various risks,
such as credit spread, basis risk, volatility and correlation risk. </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:Times New Roman" ALIGN="center">208 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Headings of the balance sheet subject to VaR measurement </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Most of the headings on the Group&#146;s consolidated balance sheet subject to market risk are positions whose main metric for measuring their
market risk is VaR. This table shows the accounting lines of the consolidated balance sheet as of December&nbsp;31, 2016 in which there is a market risk in trading activity subject to this measurement. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>Main&nbsp;market&nbsp;risk&nbsp;metrics</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>VaR</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Other<BR>metrics(*)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Assets subject to market risk</B></P></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="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Financial assets held for trading</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64,623</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,480</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Available for sale financial assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,119</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,771</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Of which:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,559</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Hedging derivatives</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,041</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,415</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Liabilities subject to market risk</B></P></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 BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Financial liabilities held for trading</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47,491</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,223</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Hedging derivatives</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,305</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">689</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(*)</TD>
<TD ALIGN="left" VALIGN="top">Includes mainly assets and liabilities managed by ALCO. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Although the table above provides
information on the financial positions subject to market risk, such information is provided for information purposes only and does not reflect how market risk in trading activity is managed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">With respect to the risk measurement models used by the BBVA Group, the Bank of Spain has authorized the use of the internal model to
determine bank capital requirements deriving from risk positions on the Banco Bilbao Vizcaya Argentaria S.A. and BBVA Bancomer trading book, which jointly account for around 66% of the Group&#146;s trading-book market risk. For the rest of the
geographical areas (mainly South America subsidiaries, Garanti and BBVA Compass), bank capital for the risk positions in the trading book is calculated using the standard model. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The current management structure includes the monitoring of market-risk limits, consisting of a scheme of limits based on VaR, economic
capital (based on VaR measurements) and VaR <FONT STYLE="white-space:nowrap">sub-limits,</FONT> as well as stop-loss limits for each of the Group&#146;s business units. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The model used estimates VaR in accordance with the &#147;historical simulation&#148; methodology, which involves estimating losses and gains
that would have taken place in the current portfolio if the changes in market conditions that took place over a specific period of time in the past were repeated. Based on this information, it infers the maximum expected loss of the current
portfolio within a given confidence level. This model has the advantage of reflecting precisely the historical distribution of the market variables and not assuming any specific distribution of probability. The historical period used in this model
is two years. The historical simulation method is used in Banco Bilbao Vizcaya Argentaria S.A., BBVA Bancomer, BBVA Chile, BBVA Colombia, BBVA Compass and Garanti. </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:Times New Roman" ALIGN="center">209 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">VaR figures are estimated following two methodologies: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">VaR without smoothing, which awards equal weight to the daily information for the previous two years. This is currently the official methodology for measuring market risks for the purpose of monitoring compliance with
risk limits. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">VaR with smoothing, which gives a greater weight to more recent market information. This metric supplements the previous one. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">In the case of South America subsidiaries (except BBVA Chile and BBVA Colombia), a parametric methodology is used to measure
risk in terms of VaR. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">At the same time, and following the guidelines established by the Spanish and European authorities, BBVA
incorporates metrics in addition to VaR with the aim of meeting the Bank of Spain&#146;s regulatory requirements with respect to the calculation of bank capital for the trading book. Specifically, the new measures incorporated in the Group since
December 2011 (stipulated by Basel 2.5) are: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>VaR</I>-: In regulatory terms, the VaR charge incorporates the stressed VaR charge, and the sum of the two (VaR and stressed VaR) is calculated. This quantifies the losses associated with the movements of the two
risk factors inherent to market operations (including interest rates, exchange rates, equity risk and credit spread). Both VaR and stressed VaR are rescaled by a regulatory multiplier set at three and by the square root of ten to calculate the
capital charge. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Specific Risk- Incremental Risk Capital (&#147;<B>IRC</B>&#148;) Quantification of the risks of default and downgrading of the credit ratings of the bond and credit derivative positions in the portfolio. The specific
capital risk by IRC is a charge exclusively used in the geographical areas with the internal model approved (Banco Bilbao Vizcaya Argentaria S.A. and BBVA Bancomer). The capital charge is determined according to the associated losses (calculated at
a 99.9% confidence level over a one year horizon under the hypothesis of constant risk) due to the rating migration and/or default of the issuer with respect to an asset. In addition, the price risk is included in sovereign positions for the
specified items. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Specific Risk- Securitization and correlation portfolios. Capital charges for securitizations and the correlation portfolios are assessed based on the potential losses associated with the rating level of a specific
credit structure (rating). Both are calculated by the standard method. The scope of the correlation portfolios refers to the <FONT STYLE="white-space:nowrap">FTD-type</FONT> market operation and/or tranches of market CDOs and only for positions with
an active market and hedging capacity. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Validity tests are performed regularly on the risk measurement models used by the
Group. They estimate the maximum loss that could have been incurred in the assessed positions with a certain level of probability (backtesting), as well as measurements of the impact of extreme market events on risk positions (stress testing). As an
additional control measure, backtesting is conducted at trading desk level in order to enable more specific monitoring of the validity of the measurement models. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Market risk in 2016 </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Group&#146;s
market risk remains at low levels compared with the risk aggregates managed by BBVA, particularly in terms of credit risk. This is due to the nature of the business. During 2016 the average VaR was &#128;29&nbsp;million, above the 2015 figure of
&#128;24&nbsp;million, with a high on January&nbsp;28, 2016 of &#128;38&nbsp;million. The evolution in the BBVA Group&#146;s market risk during 2016, measured as VaR without smoothing with a 99% confidence level and a
<FONT STYLE="white-space:nowrap">one-day</FONT> horizon (shown in millions of euros) was as follows. </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:Times New Roman" ALIGN="center">210 </P>


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<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
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 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g368256page214.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">By type of market risk assumed by the Group&#146;s trading portfolio, the main risk factor for the Group
continued to be that linked to interest rates, with a weight of 58% of the total at the end of 2016 (this figure includes the spread risk). The relative weight has increased compared with the close of 2015 (48%). Exchange-rate risk accounted for
13%, decreasing its proportion with respect to December&nbsp;31, 2015 (21%), while equity, volatility and correlation risk decreased, with a weight of 29% at the close of 2016 (compared to 32% at the close of 2015). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, 2015 and 2014 the balance of VaR was &#128;26&nbsp;million, &#128;24&nbsp;million and &#128;25&nbsp;million
respectively. These figures can be broken down as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="52%"></TD>
<TD VALIGN="bottom" WIDTH="13%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="13%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="13%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"><B>Risk</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>December&nbsp;31,&nbsp;2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>December&nbsp;31,&nbsp;2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>December&nbsp;31,&nbsp;2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(In Millions of Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Interest/Spread risk</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Currency risk</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Stock-market risk</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Vega/Correlation risk</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Diversification effect<SUP STYLE="font-size:85%; vertical-align:top">(*)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(24</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(20</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(20</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>26</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>24</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>25</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">VaR average in the period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">VaR max in the period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">VaR min in the period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(*)</TD>
<TD ALIGN="left" VALIGN="top">The diversification effect is the difference between the sum of the average individual risk factors and the total VaR figure that includes the implied correlation between all the variables and scenarios used in the
measurement. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Validation of the internal market risk model </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The internal market risk model is validated on a regular basis by backtesting in both Banco Bilbao Vizcaya Argentaria S.A. and BBVA Bancomer.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The aim of backtesting is to validate the quality and precision of the internal market risk model used by the BBVA Group to estimate the
maximum daily loss of a portfolio, at a 99% level of confidence and a <FONT STYLE="white-space:nowrap">250-day</FONT> time horizon, by comparing the Group&#146;s results and the risk measurements generated by the internal market risk model.
</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:Times New Roman" ALIGN="center">211 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
These tests showed that the internal market risk model of both Banco Bilbao Vizcaya Argentaria, S.A. and BBVA Bancomer is adequate and precise. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Two types of backtesting have been carried out during the year 2016: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">&#147;Hypothetical&#148; backtesting: the daily VaR is compared with the results obtained, not taking into account the intraday results or the changes in the portfolio positions. This validates the appropriateness of
the market risk metrics for the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">end-of-day</FONT></FONT> position. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">&#147;Real&#148; backtesting: the daily VaR is compared with the total results, including intraday transactions, but discounting the possible minimum charges or fees involved. This type of backtesting includes the
intraday risk in portfolios. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, each of these two types of backtesting was carried out at the level of risk
factor or business type, thus making a deeper comparison of the results with respect to risk measurements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">During 2016, the backtesting
of the internal VaR calculation model was carried out, comparing the daily results obtained with the risk level estimated by the internal VaR calculation model. At the end of the year the comparison showed the internal VaR calculation model was
working correctly, within the &#147;green&#148; zone <FONT STYLE="white-space:nowrap">(0-4</FONT> exceptions), thus validating the internal VaR calculation model, as has occurred each year since the internal market risk model was approved for the
Group. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Stress test analysis </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A number of stress tests are carried out on the BBVA Group&#146;s trading portfolios. First, global and local historical scenarios are used
that replicate the behavior of an extreme past event, such as for example the collapse of Lehman Brothers or the &#147;Tequilazo&#148; crisis. These stress tests are complemented with simulated scenarios, where the aim is to generate scenarios that
have a significant impact on the different portfolios, but without being anchored to any specific historical scenario. Finally, for some portfolios or positions, fixed stress tests are also carried out that have a significant impact on the market
variables affecting these positions. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Historical scenarios </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The historical benchmark stress scenario for the BBVA Group is Lehman Brothers, whose sudden collapse in September 2008 led to a significant
impact on the behavior of financial markets at a global level. The following are the most relevant effects of this historical scenario: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Credit shock: reflected mainly in the increase of credit spreads and downgrades in credit ratings.</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Increased volatility in most of the financial markets (giving rise to a great deal of variation in the prices of different assets (currency, equity, debt). </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Liquidity shock in the financial systems, reflected by a major movement in interbank curves, particularly in the shortest sections of the euro and dollar curves. </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:Times New Roman" ALIGN="center">212 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Simulated scenarios </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Unlike the historical scenarios, which are fixed and therefore not suited to the composition of the risk portfolio at all times, the scenario
used for the exercises of economic stress is based on a resampling methodology. This methodology is based on the use of dynamic scenarios that are recalculated periodically depending on the main risks affecting the trading portfolios. On a data
window wide enough to collect different periods of stress (data are taken from January&nbsp;1, 2008 until the date of the assessment), a simulation is performed by resampling of historic observations, generating a distribution of losses and gains
that serve to analyze the most extreme of births in the selected historical window. The advantage of this resampling methodology is that the period of stress is not predetermined, but depends on the portfolio maintained at each time, and making a
large number of simulations (10,000 simulations) allows a greater richness of information for the analysis of expected shortfall than what is available in the scenarios included in the calculation of VaR. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The main features of this approach are: a) the generated simulations respect the correlation structure of the data, b) there is flexibility in
the inclusion of new risk factors and c) it allows the introduction of a lot of variability in the simulations (desirable for considering extreme events). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>Structural Risk &#151; <FONT STYLE="white-space:nowrap">Non-Trading</FONT> Activities </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Structural interest-rate risk </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The structural interest-rate risk (&#147;<B>SIRR</B>&#148;) is related to the potential impact that variations in market interest rates have on
an entity&#146;s net interest income and equity. In order to properly measure SIRR, BBVA takes into account the main sources that generate this risk: repricing risk, yield curve risk, option risk and basis risk, which are analyzed from two
complementary points of view: net interest income (short term) and economic value (long term). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">ALCO monitors the interest-rate risk
metrics and the Finance department carries out the management proposals for the structural balance sheet. The management objective is to ensure the stability of net interest income and book value in the face of changes in market interest rates,
while respecting the internal solvency and limits in the different balance sheets and for BBVA Group as a whole and complying with current and future regulatory requirements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">BBVA&#146;s structural interest-rate risk management control and monitoring is based on a set of metrics and tools aimed to enabling the
entity&#146;s risk profile to be monitored correctly. A wide range of scenarios are measured on a regular basis, including sensitivities to parallel movements in the event of different shocks, changes in slope and curve, as well as delayed
movements. Other probabilistic metrics based on statistical scenario-simulating methods are also assessed, such as income at risk (&#147;<B>IaR</B>&#148;) and economic capital (&#147;<B>EC</B>&#148;), which are defined as the maximum adverse
deviations in net interest income and economic value, respectively, for a given confidence level and time horizon. Impact thresholds are established on these management metrics both in terms of deviations in net interest income and in terms of the
impact on economic value. The process is carried out separately for each currency to which the Group is exposed, and the diversification effect between currencies and business units is considered after this. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In order to guarantee its effectiveness, the model is subjected to regular internal validation, which includes backtesting. In addition, the
banking books&#146; interest-rate risk exposures are subjected to different stress tests in order to reveal balance sheet vulnerabilities under extreme scenarios. This testing includes an analysis of adverse macroeconomic scenarios designed
specifically by BBVA Research, together with a wide range of potential scenarios that aim to identify interest-rate environments that are particularly damaging for the entity. This is done by generating extreme scenarios of a breakthrough in
interest rate levels and historical correlations, giving rise to sudden changes in the slopes and even to inverted curves. </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:Times New Roman" ALIGN="center">213 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The model is necessarily underpinned by an elaborate set of hypotheses that aim to reproduce the
behavior of the balance sheet as closely as possible to reality. Especially relevant among these assumptions are those related to the behavior of &#147;accounts with no explicit maturity&#148;, for which stability and remuneration assumptions are
established, consistent with an adequate segmentation by type of product and customer, and prepayment estimates (implicit optionality). The hypotheses are reviewed and adapted at least on an annual basis, to signs of changes in behavior, kept
properly documented and reviewed on a regular basis in the internal validation processes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The impacts on the metrics are assessed both
from a point of view of economic value (gone concern) and from the perspective of net interest income, for which a dynamic model (going concern) consistent with the corporate assumptions of earnings forecasts is used. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The table below shows the profile of average sensitivities of net interest income and value of the main regions where the BBVA Group operated
in 2016: </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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Impact&nbsp;on&nbsp;Net&nbsp;Interest&nbsp;Income&nbsp;(*)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Impact&nbsp;on&nbsp;Economic&nbsp;Value(**)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">100&nbsp;Basis-Point</FONT></B><br><B>Increase</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">100&nbsp;Basis-Point</FONT></B><br><B>Decrease</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">100&nbsp;Basis-Point</FONT></B><br><B>Increase</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">100&nbsp;Basis-Point</FONT></B><br><B>Decrease</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Europe (***)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.12</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7.09</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.90</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3.62</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Mexico</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.13</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2.02</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4.42</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.55</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">USA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.91</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8.30</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.41</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7.57</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Turkey</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6.64</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.64</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2.78</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.84</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">South&nbsp;America</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.40</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2.41</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2.82</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.04</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman"><B>BBVA Group</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4.15</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(2.89</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2.69</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(2.47</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)%&nbsp;</B></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(*)</TD>
<TD ALIGN="left" VALIGN="top">Percentual impact of &#147;1 year&#148; net interest income forecast for each unit. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(**)</TD>
<TD ALIGN="left" VALIGN="top">Percentual impact of core capital for each unit. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(***)</TD>
<TD ALIGN="left" VALIGN="top">In Europe downward movement allowed until more negative level than current rates. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In 2016
monetary policy in Europe has remained expansionary, which pushed interest rates lower, towards more negative levels in short term rates. In the United States, the Federal Reserve&#146;s reference interest rate slowly continued the upward cycle
initiated in 2015. While in Mexico, the upward interest rates cycle has intensified given the Mexican peso evolution and the country&#146;s inflation prospects, setting the rates at their highest levels since 2009. In Turkey, the weakness of the
Turkish lira has led to a rise in rates in the last quarter of 2016 following declines in the first three quarters. The main economies of South America appear to have completed the cycle of increases initiated at the end of 2015. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The BBVA Group in all its Balance Sheet Management Units (&#147;<B>BSMUs</B>&#148;) maintains a positive sensitivity in its net interest
income to an increase in interest rates. The emerging market of Turkey, helps to diversify the Group&#146;s net exposure due to the opposite direction of its position on Europe. Relatively higher sensitivities in the net interest income, are
observed in mature markets (Europe and the United States), where, the negative sensitivity in their net interest income to decreases in interest rates is limited by the plausible downward trend in interest rates. The Group maintains a moderate risk
profile, according to its target risk, through effective management of its balance sheet structural risk. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Structural exchange-rate
risk </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In the BBVA Group, structural exchange-rate risk arises from the consolidation of holdings in subsidiaries with functional
currencies other than the euro. Its management is centralized in order to optimize the joint handling of permanent foreign currency exposures, taking into account the diversification. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The corporate Assets and Liabilities Management unit, through ALCO, designs and executes hedging strategies with the main purpose of
controlling the potential negative effect of exchange-rate fluctuations on capital ratios and on the equivalent value in euros of the foreign-currency earnings of the Group&#146;s subsidiaries, considering transactions according to market
expectations and their cost. </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:Times New Roman" ALIGN="center">214 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The risk monitoring metrics included in the system of limits are integrated into management and
supplemented with additional assessment indicators. At corporate level they are based on probabilistic metrics that measure the maximum deviation in the Group&#146;s capital, CET1 ratio, and net attributable profit. The probabilistic metrics make it
possible to estimate the joint impact of exposure to different currencies taking into account the different variability in currency exchange rates and their correlations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The suitability of these risk assessment metrics is reviewed on a regular basis through backtesting exercises. The final element of structural
exchange-rate risk control is the analysis of scenarios and stress with the aim of identifying in advance possible threats to future compliance with the risk appetite levels set, so that any necessary preventive management actions can be taken. The
scenarios are based both on historical situations simulated by the risk model and on the risk scenarios provided by BBVA Research. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As for
the market, in 2016, it is noteworthy the U.S. dollar was strong, boosted by higher yields, and the outperformance of the currencies of some countries in the Andean area in South America, while the Mexican peso and Turkish lira depreciated against
the U.S. dollar, affected by higher uncertainty and concerns about the growth in those economies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Group&#146;s structural
exchange-rate risk exposure level decreased since the end of 2015 mostly due to increased hedging, focused on the Mexican peso and the Turkish lira, intended to keep low levels of sensitivity to movements in the exchange rates of emerging currencies
against the euro. The risk mitigation level in the Bank&#146;s capital ratio due to the book value of BBVA Group&#146;s holdings in foreign emerging market currencies stood at around 70% and, as of the end in 2016, CET1 ratio sensitivity to the
appreciation of 1% in the euro exchange rate for each currency was as follows: U.S. dollar +1.2 bps; Mexican peso <FONT STYLE="white-space:nowrap">-0.2</FONT> bps; Turkish Lira <FONT STYLE="white-space:nowrap">-0.2</FONT> bps; other currencies: <FONT
STYLE="white-space:nowrap">-0.3</FONT> bps. On the other hand, hedging of emerging-currency denominated earnings of 2016 stood at 47%, concentrated in Mexican peso and the Turkish lira. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Structural equity risk </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Group&#146;s exposure to structural equity risk stems mainly from investments in industrial and financial companies with medium- and
long-term investment horizons. This exposure is mitigated through net short positions held in derivatives of their underlying assets, used to limit portfolio sensitivity to potential falls in prices. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Structural management of equity portfolios is the responsibility of the Group&#146;s units specializing in this area. Their activity is
subject to the corporate risk management policies for equity positions in the equity portfolio. The aim is to ensure that they are handled consistently with BBVA&#146;s business model and appropriately to its risk tolerance level, thus enabling
long-term business sustainability. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Group&#146;s risk management systems also make it possible to anticipate possible negative impacts
and take appropriate measures to prevent damage being caused to the entity. The risk control and limitation mechanisms are focused on the exposure, annual operating performance and economic capital estimated for each portfolio. Economic capital is
estimated in accordance with a corporate model based on Monte Carlo simulations, taking into account the statistical performance of asset prices and the diversification existing among the different exposures. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Backtesting is carried out on a regular basis on the risk measurement model used. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">European stock markets underperformed in 2016, while the main U.S. stock exchange indices reached historical maximum levels. Stock price
volatility increased in 2016, and there was an initial shock in the financial markets after the Brexit referendum vote in the United Kingdom, due to the policy uncertainty that this process entails and its potential impact on Eurozone growth
expectations. These effects led to a deterioration of capital gains accumulated in the BBVA Group&#146;s equity portfolios as of the end of June, although such portfolios generally recovered as the main equity indices have recovered <FONT
STYLE="white-space:nowrap">pre-Brexit</FONT> levels. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Structural equity risk, measured in terms of economic capital, has decreased in 2016
as a result of the reduction of the stake in CNCB, along with lower positioning in some sectors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Stress tests and analyses of sensitivity
to different simulated scenarios are carried out periodically to analyze the risk profile in more depth. They are based on both past crisis situations and forecasts made by BBVA Research. This aims to check that the risks are limited and that the
tolerance levels set by the Group are not at risk. </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:Times New Roman" ALIGN="center">215 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The aggregate sensitivity of the BBVA Group&#146;s consolidated equity to a 1% fall in the price
of shares of the companies making up the equity portfolio stood at around -&#128;38&nbsp;million as of December&nbsp;31, 2016. This estimate takes into account the exposure in shares valued at market prices, or if not applicable, at fair value
(except for the positions in the Treasury Area portfolios) and the net delta-equivalent positions in options on their underlyings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">See
Note 7 of the Consolidated Financial Statements for additional information on risks faced by BBVA. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_59"></A>ITEM&nbsp;12.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_60"></A>A. Debt
Securities&nbsp;&nbsp;&nbsp;&nbsp; </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Not Applicable. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_61"></A>B. Warrants and Rights </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Not Applicable. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_62"></A>C.
Other Securities </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Not Applicable. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="tx368256_63">
</A>D. American Depositary Shares </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our ADSs are listed on the New York Stock Exchange under the symbol
&#147;BBVA&#148;. The Bank of New York Mellon is the depositary (the &#147;Depositary&#148;) issuing ADSs pursuant to an amended and restated deposit agreement dated June&nbsp;29, 2007 among BBVA, the Depositary and the holders from time to time of
ADSs (the &#147;Deposit Agreement&#148;). Each ADS represents the right to receive one share. The table below sets forth the fees payable, either directly or indirectly, by a holder of ADSs as of the date of this Annual Report. </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:10pt" ALIGN="center">


<TR>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="29%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:31.55pt; font-size:8pt; font-family:Times New Roman"><B>Category</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Depositary Actions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Associated Fee / By Whom Paid</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">(a) Depositing or substituting the underlying shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Issuance of ADSs</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Up to $5.00 for each 100 ADSs (or portion thereof) evidenced by the new ADSs delivered (charged to person depositing the shares or receiving the ADSs)</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">(b) Receiving or distributing dividends</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Distribution of cash dividends or other cash distributions; distribution of share dividends or other free share distributions; distribution of securities other than ADSs or rights to purchase additional ADSs</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Not applicable</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">(c) Selling or exercising rights</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Distribution or sale of securities</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Not applicable</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">(d) Withdrawing an underlying security</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Acceptance of ADSs surrendered for withdrawal of deposited securities</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Up to $5.00 for each 100 ADSs (or portion thereof) evidenced by the ADSs surrendered (charged to person surrendering or to person to whom withdrawn securities are being delivered)</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">(e) Transferring, splitting or grouping receipts</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Transfers, combining or grouping of depositary receipts</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Not applicable</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">(f) General depositary services, particularly those charged on an annual basis</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Other services performed by the Depositary in administering the ADSs</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Not applicable</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:Times New Roman" ALIGN="center">216 </P>


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<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="29%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:31.55pt; font-size:8pt; font-family:Times New Roman"><B>Category</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Depositary Actions</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Associated Fee / By Whom Paid</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">(g) Expenses of the Depositary</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Expenses incurred on behalf of holders in connection with</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.50em; font-size:10pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&nbsp;&nbsp;stock transfer or other taxes (including Spanish income taxes) and other governmental
charges;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.50em; font-size:10pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&nbsp;&nbsp;cable,
telex and facsimile transmission and delivery charges incurred at request of holder of ADS or person depositing shares for the issuance of ADSs;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.50em; font-size:10pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&nbsp;&nbsp;transfer, brokerage or registration fees for the registration of shares or other
deposited securities on the share register and applicable to transfers of shares or other deposited securities to or from the name of the custodian;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:2.00em; text-indent:-1.50em; font-size:10pt; font-family:Times New Roman">&#149;&nbsp;&nbsp;&nbsp;&nbsp;reasonable and customary expenses of the depositary in connection with the conversion of
foreign currency into U.S. dollars</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Expenses payable by holders of ADSs or persons depositing shares for the issuance of ADSs; expenses payable in connection with the conversion of foreign currency into U.S. dollars are payable out of such foreign currency</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Depositary may remit to us all or a portion of the Depositary fees charged for the reimbursement of
certain of the expenses we incur in respect of the ADS program established pursuant to the Deposit Agreement upon such terms and conditions as we may agree from time to time. In the year ended December&nbsp;31, 2016, the Depositary reimbursed us
$1,289&nbsp;thousand with respect to certain fees and expenses. The table below sets forth the types of expenses that the Depositary has agreed to reimburse and the amounts reimbursed in 2016. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="13%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:73.75pt; font-size:8pt; font-family:Times New Roman"><B>Category of Expenses</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Amount<BR>Reimbursed in<BR>the Year Ended<BR>December&nbsp;31,<BR>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B></B>(In&nbsp;Thousands&nbsp;of<BR>Dollars)<B></B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">NYSE Listing Fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">191.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Investor Relations Marketing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">438.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Professional Services</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">525.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Annual General Shareholders&#146; Meeting Expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">120.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.9</TD>
<TD NOWRAP VALIGN="bottom">&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:Times New Roman" ALIGN="center">217 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx368256_64"></A>PART II </B></P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_65"></A>ITEM&nbsp;13.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Not Applicable. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_66"></A>ITEM&nbsp;14.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Not
Applicable. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_67"></A>ITEM&nbsp;15.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>CONTROLS AND PROCEDURES </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Conclusion Regarding the Effectiveness of Disclosure
Controls and Procedures </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, BBVA, under the supervision and with the participation of BBVA&#146;s
management, including our Group Executive Chairman,&nbsp;Chief Executive Officer&nbsp;and Head of Accounting&nbsp;&amp; Supervisors, performed an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures
(as defined in Rule <FONT STYLE="white-space:nowrap">13a-15(e)</FONT> under the Exchange Act). There are inherent limitations to the effectiveness of any control system, including disclosure controls and procedures. Accordingly, even effective
disclosure controls and procedures can provide only reasonable assurance of achieving their control objectives. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Based upon their
evaluation, BBVA&#146;s Group Executive Chairman, Chief Executive Officer and Head of Accounting&nbsp;&amp; Supervisors concluded, that BBVA&#146;s disclosure controls and procedures are effective at a reasonable assurance level in ensuring that
information relating to BBVA, including its consolidated subsidiaries, required to be disclosed in reports that it files under the Exchange Act is (1)&nbsp;recorded, processed, summarized and reported within the time periods specified in the
SEC&#146;s rules and forms, and (2)&nbsp;accumulated and communicated to the management, including principal financial officers, as appropriate to allow timely decisions regarding required disclosure. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Management&#146;s Report on Internal Control Over Financial Reporting </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The management of BBVA is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rule <FONT
STYLE="white-space:nowrap">13a-15(f)</FONT> under the Exchange Act. BBVA&#146;s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally accepted accounting principles and includes those policies and procedures that: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of BBVA; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures
are being made only in accordance with authorizations of BBVA&#146;s management and directors; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of
any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. </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:Times New Roman" ALIGN="center">218 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the supervision and with the participation of BBVA&#146;s management, including our Group
Executive Chairman,&nbsp;Chief Executive Officer and Head of Accounting&nbsp;&amp; Supervisors, we conducted an evaluation of the effectiveness of our internal control over financial reporting based on the criteria established in Internal Control
&#150; 2013 Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (&#147;<B>COSO</B>&#148;)&#151;Based on this assessment, our management concluded that, as of December&nbsp;31, 2016, our internal
control over financial reporting was effective based on those criteria. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In May 2013, COSO published an updated version of its Internal
Control Integrated &#150; Framework. This framework provides broader guidelines and clarifies the requirements for determining what constitutes effective internal control. After the analysis of the updated version, no significant changes have been
implemented in the internal control model. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our internal control over financial reporting as of December&nbsp;31, 2016&nbsp;has been
audited by Deloitte S.L., an independent registered public accounting firm, as stated in their report which follows below. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>REPORT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">To the Board of Directors and Shareholders of Banco Bilbao Vizcaya Argentaria, S.A.: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have audited the internal control over financial reporting of BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (the &#147;Company&#148;) and
subsidiaries composing the BANCO BILBAO VIZCAYA ARGENTARIA Group (the &#147;Group&#148;&#151;Note 3) as of December&nbsp;31, 2016, based on criteria established in Internal Control&#151;Integrated Framework (2013)&nbsp;issued by the Committee of
Sponsoring Organizations of the Treadway Commission. The Group&#146;s management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial
reporting, included in the accompanying Management&#146;s Report on Internal Control Over Financial Reporting. Our responsibility is to express an opinion on the Group&#146;s internal control over financial reporting based on our audit. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects. Our audit included obtaining an understanding of internal control
over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered
necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A company&#146;s internal control
over financial reporting is a process designed by, or under the supervision of, the company&#146;s principal executive and principal financial officers, or persons performing similar functions, and effected by the company&#146;s board of directors,
management, and other personnel to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A
company&#146;s internal control over financial reporting includes those policies and procedures that (1)&nbsp;pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the
assets of the company; (2)&nbsp;provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of
the company are being made only in accordance with authorizations of management and directors of the company; and (3)&nbsp;provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the
company&#146;s assets that could have a material effect on the financial statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Because of the inherent limitations of internal
control over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may not be prevented or detected on a timely basis. Also, projections of any
evaluation of the effectiveness of the internal control over financial reporting to future periods are subject to the risk that the controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies
or procedures may deteriorate. </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:Times New Roman" ALIGN="center">219 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In our opinion, the Group maintained, in all material respects, effective internal control over
financial reporting as of December&nbsp;31, 2016, based on the criteria established in Internal Control &#151; Integrated Framework (2013)&nbsp;issued by the Committee of Sponsoring Organizations of the Treadway Commission. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated
financial statements as of and for the year ended December&nbsp;31, 2016 of the Group and our report dated March 31, 2017 expressed an unqualified opinion on those financial statements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">/s/ Deloitte S.L. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Madrid, Spain </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">March 31, 2017 </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><I>Changes in Internal
Control Over Financial Reporting </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There has been no change in BBVA&#146;s internal control over financial reporting (as defined in
Rule <FONT STYLE="white-space:nowrap">13a-15(f)</FONT> under the Exchange Act) that occurred during the period covered by this Annual Report that has materially affected, or is reasonably likely to materially affect, internal control over financial
reporting. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_68"></A>ITEM&nbsp;16.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>[RESERVED] </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_69"></A>ITEM&nbsp;16A.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>&nbsp;AUDIT COMMITTEE FINANCIAL EXPERT </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The charter for our Audit and Compliance
Committee provides that the members of the Audit and Compliance Committee, and particularly its Chairman, shall be appointed with regard to their knowledge and background in accounting, auditing and risk management, and we have determined that
Mr.&nbsp;Jos&eacute; Miguel Andr&eacute;s Torrecillas, the Chairman of the Audit and Compliance Committee has such experience and knowledge and is an &#147;audit committee financial expert&#148; as such term is defined by the regulations of the
Securities and Exchange Commission issued pursuant to Section&nbsp;407 of the Sarbanes-Oxley Act of 2002. Mr.&nbsp;Andr&eacute;s is independent within the meaning of the New York Stock Exchange listing standards. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, we believe that the remaining members of the Audit and Compliance Committee have an understanding of applicable generally
accepted accounting principles, experience analyzing and evaluating financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of issues that can reasonably be
expected to be raised by our Consolidated Financial Statements, an understanding of internal controls over financial reporting, and an understanding of audit committee functions. Our Audit and Compliance Committee has experience overseeing and
assessing the performance of BBVA and its consolidated subsidiaries and our external auditors with respect to the preparation, auditing and evaluation of our Consolidated Financial Statements. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_70"></A>ITEM&nbsp;16B.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>&nbsp;CODE OF ETHICS </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The BBVA Group Code of Conduct, which was updated by the Board of
Directors on May&nbsp;28, 2015, applies to all companies and persons which form part of the BBVA Group. This Code sets out the standards of behavior that should be adhered to so that the Group&#146;s conduct towards its customers, colleagues and the
society be consistent with BBVA&#146;s values. The BBVA Group Code of Conduct can be found on BBVA&#146;s website at www.bbva.com. </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:Times New Roman" ALIGN="center">220 </P>


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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_71"></A>ITEM&nbsp;16C.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>&nbsp;PRINCIPAL ACCOUNTANT FEES AND SERVICES </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table provides information
on the aggregate fees billed by our principal accountants, Deloitte, S.L. and its worldwide affiliates, by type of service rendered for the periods indicated. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;ended&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:63.30pt; font-size:8pt; font-family:Times New Roman"><B>Services Rendered</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(In Millions&nbsp;of&nbsp;Euros)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Audit Fees<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Audit-Related Fees<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Tax Fees<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">All Other Fees<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Total</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Aggregate fees billed for each of the last two fiscal years for professional services rendered by Deloitte, S.L. and its worldwide affiliates for the audit of BBVA&#146;s annual financial statements or services that are
normally provided by Deloitte, S.L. and its worldwide affiliates in connection with statutory and regulatory filings or engagements for those fiscal years. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">Aggregate fees billed in each of the last two fiscal years for assurance and related services by Deloitte, S.L. and its worldwide affiliates that are reasonably related to the performance of the audit or review of
BBVA&#146;s financial statements and are not reported under (1)&nbsp;above. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">Aggregate fees billed in each of the last two fiscal years for professional services rendered by Deloitte, S.L. and its worldwide affiliates for tax compliance, tax advice, and tax planning. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top">Aggregate fees billed in each of the last two fiscal years for products and services provided by Deloitte, S.L. and its worldwide affiliates other than the services reported in (1), (2) and (3)&nbsp;above. Services in
this category consisted primarily of consultancy and implementation of new regulation. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The Audit and Compliance Committee&#146;s <FONT
STYLE="white-space:nowrap">Pre-Approval</FONT> Policies and Procedures </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In order to assist in ensuring the independence of our external
auditor, the regulations of our Audit and Compliance Committee provides that our external auditor is generally prohibited from providing us with <FONT STYLE="white-space:nowrap">non-audit</FONT> services, other than under the specific circumstance
described below. For this reason, our Audit and Compliance Committee has developed a <FONT STYLE="white-space:nowrap">pre-approval</FONT> policy regarding the contracting of BBVA&#146;s external auditor, or any affiliate of the external auditor, for
professional services. The professional services covered by such policy include audit and <FONT STYLE="white-space:nowrap">non-audit</FONT> services provided to BBVA or any of its subsidiaries reflected in agreements dated on or after May&nbsp;6,
2003. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The <FONT STYLE="white-space:nowrap">pre-approval</FONT> policy is as follows: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">The hiring of BBVA&#146;s external auditor or any of its affiliates is prohibited, unless there is no other firm available to provide the needed services at a comparable cost and that could deliver a similar level of
quality. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">In the event that there is no other firm available to provide needed services at a comparable cost and delivering a similar level of quality, the external auditor (or any of its affiliates) may be hired to perform such
services, but only with the <FONT STYLE="white-space:nowrap">pre-approval</FONT> of the Audit and Compliance Committee. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">The Chairman of the Audit and Compliance Committee has been delegated the authority to approve the hiring of BBVA&#146;s external auditor (or any of its affiliates). In such an event, however, the Chairman would be
required to inform the Audit and Compliance Committee of such decision at the Committee&#146;s next meeting. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">The hiring of the external auditor for any of BBVA&#146;s subsidiaries must also be <FONT STYLE="white-space:nowrap">pre-approved</FONT> by the Audit and Compliance Committee. </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:Times New Roman" ALIGN="center">221 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_72"></A>ITEM&nbsp;16D.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>&nbsp;EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Not Applicable. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_73"></A>ITEM&nbsp;16E.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>&nbsp;PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS </B></TD></TR></TABLE> <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:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="41%"></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:16.00pt; font-size:8pt; font-family:Times New Roman"><B>2016</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total&nbsp;Number&nbsp;of<BR>Ordinary&nbsp;Shares<BR>Purchased</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Average&nbsp;Price<BR>Paid&nbsp;per&nbsp;Share&nbsp;(or<BR>Unit) in Euros</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total&nbsp;Number&nbsp;of<BR>Shares&nbsp;(or&nbsp;Units)<BR>Purchased&nbsp;as&nbsp;Part&nbsp;of<BR>Publicly Announced<BR>Plans or Programs</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Maximum&nbsp;Number&nbsp;(or<BR>Approximate Dollar<BR>Value) of Shares
(or</B><br><B>Units)&nbsp;that&nbsp;May&nbsp;Yet&nbsp;Be</B><br><B>Purchased&nbsp;Under&nbsp;the<BR>Plans or Programs</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">January&nbsp;1 to January&nbsp;31</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,443,607</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">February&nbsp;1 to February&nbsp;28</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40,511,508</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.64</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">March&nbsp;1 to March&nbsp;31</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,701,337</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">April&nbsp;1 to April&nbsp;30</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64,126,561</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">May&nbsp;1 to May&nbsp;31</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,855,591</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">June&nbsp;1 to June&nbsp;30</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,601,784</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">July&nbsp;1 to July&nbsp;31</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,165,926</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.09</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">August&nbsp;1 to August&nbsp;31</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,628,725</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">September&nbsp;1 to September&nbsp;30</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52,005,782</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.06</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">October&nbsp;1 to October&nbsp;31</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,087,086</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.04</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">November&nbsp;1 to November&nbsp;30</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,254,640</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">December&nbsp;1 to December&nbsp;31</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,468,392</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.60</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Total</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">379,850,939</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">During 2016, we sold a total of 411,537,817 shares for an average price of &#128;5.50 per share. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_74"></A>ITEM&nbsp;16F.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>&nbsp;CHANGE IN REGISTRANT&#146;S CERTIFYING ACCOUNTANT </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On July 28, 2016, we announced
that the Board of Directors selected KPMG Auditores, S.L. to be the independent registered public accounting firm of Banco Bilbao Vizcaya Argentaria, S.A. and of the BBVA Group for the 2017, 2018 and 2019 fiscal years. Such selection and change of
independent registered public accounting firm was adopted at the proposal of the Audit and Compliance Committee. This selection was approved by the shareholders at the annual shareholders&#146; meeting held on March 17, 2017. Accordingly, Deloitte,
S.L. was not re-elected for another term and, on March 17, 2017, it was dismissed as our independent registered public accounting firm. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The report of Deloitte, S.L. on our financial statements for the years ended December 31, 2016 and 2015 did not contain any adverse opinion or
disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles. There was no disagreement whatsoever relating to the years ended December 31, 2016 and 2015 and any subsequent interim period preceding
such dismissal with Deloitte, S.L. on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to the satisfaction of the former auditor, would have caused
them to make reference to the subject matter of the disagreement in connection with their report, or any &#147;reportable event&#148; as described in Item 16F(a)(1)(v) of Form 20-F. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have provided a copy of the above statements to Deloitte, S.L. and requested that Deloitte, S.L. furnish us with a letter addressed to the
SEC stating whether or not they agree with the above disclosure. A copy of that letter, dated March 31, 2017, is filed as an exhibit to this Annual Report. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Further, in the two years prior to December 31, 2016, we have not consulted with KPMG Auditores, S.L. regarding either (i) the application of
accounting principles to a specified transaction, either completed or proposed; or the type of audit opinion that might be rendered with respect to the consolidated financial statements of the BBVA Group; or (ii) any matter that was either the
subject of a disagreement as that term is defined in Item 16F(a)(1)(iv) of Form 20-F or a &#147;reportable event&#148; as described in Item 16F(a)(1)(v) of Form 20-F. </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:Times New Roman" ALIGN="center">222 </P>


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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_75"></A>ITEM&nbsp;16G.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>&nbsp;CORPORATE GOVERNANCE </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B><I>Compliance with NYSE Listing Standards on Corporate
Governance </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On November&nbsp;4, 2003, the SEC approved rules proposed by the New York Stock Exchange (the &#147;NYSE&#148;)
intended to strengthen corporate governance standards for listed companies. In compliance therewith, the following is a summary of the significant differences between our corporate governance practices and those applicable to domestic issuers under
the NYSE listing standards. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><I>Independence of the Directors on the Board of Directors and Board Committees </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the NYSE corporate governance rules, (i)&nbsp;a majority of a U.S. company&#146;s board of directors must be composed of independent
directors, (ii)&nbsp;all members of the audit committee must be independent and (iii)&nbsp;all U.S. companies listed on the NYSE must have a compensation committee and a nominations committee and all members of such committees must be independent.
In each case, the independence of directors must be established pursuant to highly detailed rules promulgated by the NYSE and, in the case of the audit committee, the NYSE and the SEC. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Spanish Corporate Enterprises Act sets out a definition of what constitutes independence for the purpose of board or committee membership.
Such definition is in line with the definition provided by our Board Regulations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, pursuant to the Spanish Corporate
Enterprises Act, listed companies shall have, at least, an audit committee, and an appointments and remuneration committee. This Law also establishes that such committees (i)&nbsp;shall be composed exclusively by
<FONT STYLE="white-space:nowrap">non-executive</FONT> directors, (ii)&nbsp;at least two of their members shall be independent directors and (iii)&nbsp;they shall be chaired by an independent director. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Likewise, Law 10/2014, which completes the transposition of CRD IV into Spanish legislation, includes rules on corporate governance, among
others, as regards board committees and their membership, establishing that the remuneration committee, the appointments committee and risk committee shall be composed of <FONT STYLE="white-space:nowrap">non-executive</FONT> directors and at least
one third of their members shall be independent and, in any event, the Chairman of these committees shall also be an independent director. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Moreover, pursuant to the Good Governance Code for Listed Companies of the CNMV, which includes
<FONT STYLE="white-space:nowrap">non-binding</FONT> recommendations applicable to listed companies in Spain, under the comply or explain principle: (i)&nbsp;independent directors must represent, at least, half of the total board members;
(ii)&nbsp;the majority of the members of the audit committee and the appointments and remuneration committee must be independent; and (iii)&nbsp;companies with high market capitalization must have two separate committees, an appointments committee
and a remuneration committee. </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:Times New Roman" ALIGN="center">223 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to article 1 of our Board Regulations, BBVA considers that independent directors are <FONT
STYLE="white-space:nowrap">non-executive</FONT> directors appointed for their personal and professional background who can perform their duties without being constrained by their relations with the Company or its Group, its significant shareholders
or its executives. Directors cannot be deemed independent if they: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top">have been employees or executive directors in Group companies, unless three or five years have elapsed, respectively since they ceased as employees or executive directors, as the case may be; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top">receive from the Company or its Group entities, any amount or benefit for an item other than remuneration for their directorship, except where the sum is insignificant and expect further for dividends or pension
supplements that a director may receive due to a former professional or employment relationship, provided these are unconditional and, consequently, the company paying them may not at its own discretion, suspend, amend or revoke their accrual unless
there has been a breach of duty; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top">are partners of the external auditor or in charge of the audit report or have been so in the last three years, whether the audit in question was carried out on the Company or any other Group entity; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">d)</TD>
<TD ALIGN="left" VALIGN="top">are executive directors or senior managers of another company in which a Company&#146;s executive director or senior manager is an external director; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">e)</TD>
<TD ALIGN="left" VALIGN="top">maintain any significant business relationship with the Company or with any Group company or have done so over the last year, either in their own name or as a significant shareholder, director or senior manager of a
company that maintains or has maintained such a relationship. Business relationship here means any relationship as supplier of goods or services, including financial goods or services, and as advisor or consultant; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">f)</TD>
<TD ALIGN="left" VALIGN="top">are significant shareholders, executive directors or senior managers of any entity that receives, or has received over the last three years, donations from the Company or its Group. Those persons who are merely trustees
in a foundation receiving donations shall not be deemed to be included under this letter; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">g)</TD>
<TD ALIGN="left" VALIGN="top">are spouses, or spousal equivalents or related up to second degree of kinship to an executive director or senior manager of the Company; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">h)</TD>
<TD ALIGN="left" VALIGN="top">have not been proposed by the Appointments Committee for appointment or renewal; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">i)</TD>
<TD ALIGN="left" VALIGN="top">have held a directorship for a continuous period of more than 12 years; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">j)</TD>
<TD ALIGN="left" VALIGN="top">are related to any significant shareholder or shareholder represented on the Board of Directors under any of the circumstances described under letters (a), (e), (f) or (g)&nbsp;above. In the event of kinship
relationships mentioned in letter (g), the limitation will apply not only with respect to the shareholder, but also with respect to their proprietary directors in the company in which the shareholder holds an interest. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Directors who hold shares in the Bank may be considered independent provided they comply with the above conditions and their shareholding is
not legally considered to be significant. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of the date of this Annual Report, our Board of Directors has a large number of <FONT
STYLE="white-space:nowrap">non-executive</FONT> directors and seven out of the 14 members of our Board are independent under the definition of independence described above, which is in line with the definition provided by the Spanish Corporate
Enterprises Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, our Audit and Compliance Committee is composed exclusively of independent directors, who are not members of
the Bank&#146;s Executive Committee and the Committee chairman has experience in accounting, auditing and risk management, in accordance with the specific regulations of the Audit and Compliance Committee. Our Risk Committee is composed exclusively
of <FONT STYLE="white-space:nowrap">non-executive</FONT> directors, and also, in accordance with the Corporate Enterprises Act and with corporate governance <FONT STYLE="white-space:nowrap">non-binding</FONT> recommendations, our Board of Directors
has two separate committees: an Appointments Committee and a Remuneration Committee, which are composed exclusively of <FONT STYLE="white-space:nowrap">non-executive</FONT> directors, being the majority of them (including their chairman) independent
directors. </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:Times New Roman" ALIGN="center">224 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Separate Meetings for Independent Directors </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In accordance with the NYSE corporate governance rules, independent directors must meet periodically outside of the presence of the executive
directors. Under Spanish law, this requirement is not contemplated as such. We note, however, that our <FONT STYLE="white-space:nowrap">non-executive</FONT> directors meet periodically outside the presence of our executive directors every time a
Committee with oversight functions meets, since these Committees are comprised solely of <FONT STYLE="white-space:nowrap">non-</FONT> executive directors. Furthermore, the Board of Directors has appointed a Lead Director with powers to coordinate
and meet with the <FONT STYLE="white-space:nowrap">non-executive</FONT> directors, among other faculties conferred by the law and in Article 5 ter of our Board of Directors Regulations. In addition, our independent directors meet outside the
presence of our executive directors as often as they deem fit, and usually prior to meetings of the Board of Directors or its Committees. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Code of Ethics </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The NYSE listing
standards require U.S. companies to adopt a code of business conduct and ethics for directors, officers and employees, and promptly disclose any waivers of the code for directors or executive officers. For information with respect to BBVA&#146;s
code of business conduct and ethics see <I>&#147;Item 16 B. Code of Ethics&#148;.</I> </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_76"></A>ITEM&nbsp;16H.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>&nbsp;MINE SAFETY DISCLOSURE </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Not Applicable. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="tx368256_77"></A>PART III </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_78"></A>ITEM&nbsp;17.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>FINANCIAL STATEMENTS </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have responded to Item&nbsp;18 in lieu of responding to this
Item. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_79"></A>ITEM&nbsp;18.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>FINANCIAL STATEMENTS </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Please see pages <FONT STYLE="white-space:nowrap">F-1</FONT>
through <FONT STYLE="white-space:nowrap">F-260.</FONT> </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B><A NAME="tx368256_80"></A>ITEM&nbsp;19.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>EXHIBITS </B></TD></TR></TABLE> <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:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Description</B></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;1.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Amended and Restated Bylaws (Estatutos) of the Registrant (English translation).</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;8.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consolidated Companies Composing Registrant (see Appendix I to X to our Consolidated Financial Statements included herein).</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Amended and Restated Shareholders&#146; Agreement entered into between the Company Do&#287;u&#351; Holding A.&#350;., Do&#287;u&#351; Nakliyat ve Ticaret, A.&#350;. and Do&#287;u&#351; Ara&#351;tirma Geli&#351;tirme ve
M&#252;&#351;avirlik Hizmetleri A.&#350;. on November 19, 2014.(*)</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Information on Compensation Plans (**)</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>12.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;302 Group Executive Chairman Certification.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>12.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;302 Chief Executive Officer Certification.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>12.3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;302 Head of Global Accounting and Information Management Certification.</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:Times New Roman" ALIGN="center">225 </P>


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<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Description</B></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>13.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;906 Certification.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>15.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consent of Independent Registered Public Accounting Firm.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>15.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Letter of Deloitte, S.L. dated March 31, 2017 regarding change in the Independent Registered Public Accounting Firm.</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(*)</TD>
<TD ALIGN="left" VALIGN="top">Incorporated by reference to BBVA&#146;s Annual Report on Form 20-F for the year ended December 31, 2014. Confidential treatment was requested with respect to certain portions of this agreement. Confidential portions
were redacted and separately submitted to the SEC. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(**)</TD>
<TD ALIGN="left" VALIGN="top">Incorporated by reference to BBVA&#146;s report on Form 6-K submitted on February 15, 2017 (SEC Accession No. 0001193125-17-044830). </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">We will furnish to the Commission, upon request, copies of any unfiled instruments that define the rights of holders of our
long-term debt.<B> </B> </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:Times New Roman" ALIGN="center">226 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of Section&nbsp;12 of the Securities Exchange Act of 1934, the Registrant certifies that it meets all of the
requirements for filing on Form <FONT STYLE="white-space:nowrap">20-F</FONT> and had duly caused this Annual Report to be signed on its behalf by the undersigned, thereto duly authorized. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BANCO BILBAO VIZCAYA<BR>ARGENTARIA, S.A.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ RICARDO GOMEZ BARREDO</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Name:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">RICARDO GOMEZ BARREDO</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; 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:Times New Roman">Title:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Global Head of Accounting and</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Supervisors</P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Date: March 31, 2017 </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:Times New Roman" ALIGN="center">227 </P>


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 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g368256page001.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:120pt; margin-bottom:0pt; font-size:36pt; font-family:ARIAL"><FONT COLOR="#0070c0"><B>Consolidated financial statements and auditor&acute;s report for the year 2016 </B></FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:16pt; font-family:ARIAL"><FONT COLOR="#0070c0"><B><A NAME="toc"></A>Contents </B></FONT></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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="3%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-size:14pt" COLOR="#094fa4">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#0070c0">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#0070c0">F-1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#0070c0">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-size:14pt" COLOR="#094fa4">CONSOLIDATED FINANCIAL STATEMENTS</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_1">Consolidated balance sheet</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_2">Consolidated income statement</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_3">Consolidated statements of recognized income and expenses</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_4">Consolidated statements of changes in equity</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_5">Consolidated statements of cash flows</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-size:13pt" COLOR="#094fa4">NOTES TO THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">1.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_7">Introduction, basis for the presentation of the consolidated financial statements, internal control of financial
 information and other information.</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">2.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_8">Principles of consolidation, accounting policies and measurement bases applied and recent IFRS pronouncements
</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">3.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_9">BBVA Group</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">4.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_10">Shareholder remuneration system</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">5.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_11">Earnings per share</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">6.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_12">Operating segment reporting</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">7.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_13">Risk management</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">8.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_14">Fair value</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">9.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_15">Cash, cash balances at centrals and banks and other demands deposits and Financial liabilities measured at
amortized cost</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">10.&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_16">Financial assets and liabilities held for trading</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">11.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_17">Financial assets and liabilities designated at fair value through profit or loss</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-105</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">12.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_18">Available-for-sale financial assets</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-105</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">13.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_19">Loans and receivables</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-112</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">14.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_20">Held-to-maturity investments</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-115</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">15.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_21">Hedging derivatives and fair value changes of the hedged items in portfolio hedge of interest rate
risk</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-117</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">16.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_22">Investments in subsidiaries, joint ventures and associates</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-121</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">17.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_23">Tangible assets</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-123</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">18.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_24">Intangible assets</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-126</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">19.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_25">Tax assets and liabilities</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-130</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">20.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_26">Other assets and liabilities</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-134</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">21.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_27">Non-current assets and disposal groups classified as held for sale</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-135</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">22.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_28">Financial liabilities at amortized cost</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-137</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">23.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_29">Liabilities under reinsurance and insurance contracts</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-143</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">24.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_30">Provisions</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-144</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">25.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_31">Post-employment and other employee benefit commitments</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-146</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">26.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_32">Common stock</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-154</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">27.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_33">Share premium</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-156</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">28.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_34">Retained earnings, revaluation reserves and other reserves</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-157</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">29.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_35">Treasury shares</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">30.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_36">Accumulated other comprehensive income</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">31.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_37">Non-controlling interests</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">32.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_38">Capital base and capital management</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-161</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">33.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_39">Commitments and guarantees given</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-164</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">34.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_40">Other contingent assets and liabilities</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-164</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">35.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_41">Purchase and sale commitments and future payment obligations</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-165</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="3%"></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-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">36.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_42">Transactions on behalf of third parties</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-165</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">37.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_43">Interest income and expense</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-166</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">38.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_44">Dividend income</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-168</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">39.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_45">Share of profit or loss of entities accounted for using the equity method</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-169</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">40.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_46">Fee and commission income and expenses</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-169</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">41.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_47">Gains (losses) on financial assets and liabilities (net) and Exchange Differences</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-170</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">42.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_48">Other operating income and expenses</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-171</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">43.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_49">Insurance and reinsurance contracts incomes and expenses</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-172</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">44.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_50">Administration costs</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-172</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">45.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_51">Depreciation</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-175</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">46.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_52">Provisions or reversal of provisions</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-176</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">47.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_53">Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss
</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-176</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">48.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_54">Impairment or reversal of impairment on non-financial assets</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-176</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">49.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_55">Gains (losses) on derecognition of non financial assets and subsidiaries, net</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-177</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">50.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_56">Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued
 operations</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-177</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">51.&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_57">Consolidated statements of cash flows</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-177</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">52.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_58">Accountant fees and services</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-178</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">53.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_59">Related-party transactions</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-178</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">54.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_60">Remuneration and other benefits received by the Board of Directors and members of the Bank&#146;s Senior Management
</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-180</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">55.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_61">Other information</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-184</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">56.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_62">Subsequent events</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-186</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-3.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_63">APPENDIX I Additional information on consolidated subsidiaries and consolidated
 structured entities composing the BBVA Group</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-188</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-3.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_64">APPENDIX II Additional information on investments in subsidiaries, joint ventures
 and associates in the BBVA Group</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-198</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-3.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_65">APPENDIX III Changes and notification of investments and divestments in the
 BBVA Group in the year ended December&nbsp;31, 2016</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-199</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-3.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_66">APPENDIX IV Fully consolidated subsidiaries with more than 10% owned by non-Group
 shareholders as of December&nbsp;31, 2016</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-204</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-3.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_67">APPENDIX V BBVA Group&#146;s structured entities. Securitization
funds</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-205</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-3.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_68">APPENDIX VI Details of the outstanding subordinated debt and preferred securities
 issued by the Bank or entities in the Group consolidated as of December 31, 2016, 2015 and 2014.</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-206</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-3.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_69">APPENDIX VII Consolidated balance sheets held in foreign currency as of December
 31, 2016, 2015 and 2014.</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-210</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-3.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_72">APPENDIX VIII Information on data derived from the special accounting registry
</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-211</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-3.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_73">APPENDIX IX Quantitative information on refinancing and restructuring operations
 and other requirement under Bank of Spain Circular 6/2012</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-217</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-3.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_74">APPENDIX X Additional information on Risk Concentration</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-229</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-3.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_75">APPENDIX&nbsp;
XI Information in accordance with Article 89 of Directive 2013/36/EU of the European Parliament and its application to Spanish Law through Law 10/2014</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-243</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-3.00em; font-size:9pt; font-family:ARIAL"><A HREF="#fin368256_76">APPENDIX XII Reconciliation of Financial Statements</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-245</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:36pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4">GLOSSARY </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">To the Board of Directors and Shareholders of Banco Bilbao Vizcaya Argentaria, S.A.: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">We have audited the accompanying consolidated balance sheets of BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (the &#147;Company&#148;) and subsidiaries
composing the BANCO BILBAO VIZCAYA ARGENTARIA Group (the &#147;Group&#148; - Note 3) as of December 31, 2016, 2015 and 2014, and the related consolidated income statements, statements of recognized income and expenses, statements of changes in
equity and statements of cash flows for each of the three years in the period ended December 31, 2016. These consolidated financial statements are the responsibility of the Group&#146;s Directors. Our responsibility is to express an opinion on these
financial statements based on our audits. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board
(United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe
that our audits provide a reasonable basis for our opinion. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In our opinion, such consolidated financial statements present fairly, in all material
respects, the consolidated financial position of BANCO BILBAO VIZCAYA ARGENTARIA, S.A. and subsidiaries composing the BANCO BILBAO VIZCAYA ARGENTARIA Group as of December 31, 2016, 2015 and 2014, and the consolidated results of their operations and
their cash flows for each of the three years in the period ended December 31, 2016, in conformity with the International Financial Reporting Standards, as issued by the International Accounting Standards Board (&#147;IFRS &#150; IASB&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the Group&#146;s internal
control over financial reporting as of December 31, 2016, based on the criteria established in Internal Control&#151;Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated
March 31, 2017 expressed an unqualified opinion on the Group&#146;s internal control over financial reporting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">DELOITTE, S.L. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Madrid, Spain </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">March 31, 2017 </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">F-1 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g368256header.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4"><A NAME="fin368256_1"></A>Consolidated balance sheets as of December&nbsp;31, 2016, 2015 and 2014 </FONT></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="94%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>ASSETS</B></FONT></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Notes&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>CASH, CASH BALANCES AT CENTRAL BANKS AND OTHER DEMAND</B></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="#094fa4"><B>DEPOSITS</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>40,039</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>29,282</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>27,719</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>FINANCIAL ASSETS HELD FOR TRADING</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>74,950</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>78,326</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>83,258</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Derivatives</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">42,955</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">40,902</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">44,229</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,675</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,534</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,017</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">27,166</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">32,825</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">33,883</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Loans and advances to central banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Loans and advances to credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Loans and advances to customers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">154</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">65</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">128</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR</B></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="#094fa4"><B>LOSS</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,062</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,311</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,761</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,920</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,075</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,024</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">142</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">173</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">737</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Loans and advances to central banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Loans and advances to credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">62</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Loans and advances to customers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>AVAILABLE-FOR-SALE FINANCIAL ASSETS</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>79,221</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>113,426</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>94,875</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,641</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,116</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,267</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">74,580</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">108,310</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">87,608</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>LOANS AND RECEIVABLES</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">13</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>465,977</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>471,828</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>376,086</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11,209</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">10,516</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,659</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Loans and advances to central banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8,894</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">17,830</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,429</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Loans and advances to credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">31,373</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">29,317</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">25,342</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Loans and advances to customers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">414,500</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">414,165</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">338,657</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>HELD-TO-MATURITY INVESTMENTS</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>17,696</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>HEDGING DERIVATIVES</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,833</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,538</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,551</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>FAIR VALUE CHANGES OF THE HEDGED ITEMS IN PORTFOLIO HEDGES</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>OF INTEREST RATE RISK</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>17</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>45</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>121</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>INVESTMENTS IN SUBSIDARIES, JOINT VENTURES AND ASSOCIATES</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>765</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>879</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,509</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Joint ventures</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">229</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">243</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,092</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Associates</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">536</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">636</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">417</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>INSURANCE OR REINSURANCE ASSETS</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">23</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>447</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>511</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>559</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>TANGIBLE ASSETS</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">17</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>8,941</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>9,944</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>7,820</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Property, plants and equipment</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8,250</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8,477</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,428</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">For own use</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,519</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8,021</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,985</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Other assets leased out under an operating lease</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">732</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">456</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">443</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Investment properties</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">691</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,467</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,392</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>INTANGIBLE ASSETS</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>9,786</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>10,052</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>7,371</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Goodwill</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,937</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,915</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,697</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Other intangible assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,849</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,137</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,673</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>TAX ASSETS</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">19</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>18,245</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>17,779</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>12,426</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Current</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,853</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,901</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,035</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Deferred</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">16,391</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">15,878</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">10,391</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>OTHER ASSETS</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">20</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>7,274</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>8,565</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>8,094</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Insurance contracts linked to pensions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Inventories</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,298</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,303</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,443</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Rest</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,976</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,263</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,651</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>NON-CURRENT ASSETS AND DISPOSAL GROUPS HELD FOR SALE</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">21</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,603</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,369</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,793</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>TOTAL ASSETS</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>731,856</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>749,855</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>631,942</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The accompanying Notes 1 to 56 and Appendices I to XII are an integral part of the consolidated balance sheets.
</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">F-2 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

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 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4">Consolidated balance sheets as of December&nbsp;31, 2016, 2015 and 2014. </FONT></P>
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>&nbsp;LIABILITIES AND EQUITY</B></FONT></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"><FONT COLOR="#fcfcfc"><B>Notes&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2016&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2015&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2014&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>FINANCIAL LIABILITIES HELD FOR TRADING</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>54,675</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>55,202</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>56,798</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Trading derivatives</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">43,118</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">42,149</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">45,052</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Short positions</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11,556</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">13,053</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11,747</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Deposits from central banks</FONT></P></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Deposits from credit institutions</FONT></P></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Customer deposits</FONT></P></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Debt certificates</FONT></P></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Other financial liabilities</FONT></P></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,338</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,649</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,724</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Deposits from central banks</FONT></P></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Deposits from credit institutions</FONT></P></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Customer deposits</FONT></P></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Debt certificates</FONT></P></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Other financial liabilities</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,338</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,649</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,724</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>FINANCIAL LIABILITIES AT AMORTIZED COST</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>589,210</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>606,113</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>491,899</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Deposits from central banks</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">34,740</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">40,087</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">28,193</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Deposits from credit institutions</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">63,501</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">68,543</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">65,168</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Customer deposits</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">401,465</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">403,362</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">319,334</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Debt certificates</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">76,375</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">81,980</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">71,917</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Other financial liabilities</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">13,129</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">12,141</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,288</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>HEDGING DERIVATIVES</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,347</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,726</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,331</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>FAIR VALUE CHANGES OF THE HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>358</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>LIABILITIES UNDER INSURANCE CONTRACTS</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>9,139</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>9,407</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>10,460</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>PROVISIONS</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>9,071</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>8,852</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>7,444</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Provisions for pensions and similar obligations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,025</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,299</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,970</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Other long term employee benefits</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">69</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">68</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">62</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Provisions for taxes and other legal contingencies</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">418</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">616</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">262</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Provisions for contingent risks and commitments</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">950</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">714</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">381</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Other provisions</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,609</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,155</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">769</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>TAX LIABILITIES</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">19</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,668</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,656</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,157</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Current</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,276</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,238</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">980</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Deferred</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,392</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,418</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,177</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>OTHER LIABILITIES</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,979</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,610</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,519</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>LIABILITIES INCLUDED IN DISPOSAL GROUPS CLASSIFIED AS HELD FOR SALE</B></FONT></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TOTAL LIABILITIES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>676,428</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>694,573</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>580,333</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The accompanying Notes 1 to 56 and Appendices I to XII are an integral part of the consolidated balance sheets.
</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">F-3 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g368256header.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4">Consolidated balance sheets as of December&nbsp;31, 2016, 2015 and 2014. </FONT></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="94%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt">


<TR>
<TD WIDTH="73%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>&nbsp;LIABILITIES AND EQUITY
</B><I>(Continued)</I><B></B></FONT></P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"><FONT COLOR="#fcfcfc"><B>&nbsp;Notes&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2016&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2015&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2014&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>SHAREHOLDERS&#146; FUNDS</B></FONT></P></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>52,821</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>50,639</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>49,446</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Capital</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">26</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,218</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,120</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,024</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Paid up capital</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,218</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,120</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,024</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Unpaid capital which has been called up</FONT></P></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Share premium</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">27</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23,992</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23,992</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23,992</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Equity instruments issued other than capital</B></FONT></P></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Other equity</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">44.1.1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>54</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>35</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>67</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Retained earnings</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">28</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23,688</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>22,588</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>20,280</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Revaluation reserves</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">28</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>20</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>22</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Other reserves</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">28</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(67)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(98)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>633</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.50em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Reserves or accumulated losses of investments in subsidaries, joint ventures and associates</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(67)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(98)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">633</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.50em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Less: Treasury shares</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">29</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(48)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(309)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(350)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Profit or loss attributable to owners of the parent</B></FONT></P></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,475</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,642</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,618</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Less: Interim dividends</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,510)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,352)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(841)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>ACCUMULATED OTHER COMPREHENSIVE INCOME</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">30</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(5,458)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,349)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(348)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Items that will not be reclassified to profit or loss</B></FONT></P></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,095)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(859)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(777)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.50em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Actuarial gains or (-) losses on defined benefit pension plans</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,095)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(859)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(777)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.50em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non-current assets and disposal groups classified as held for sale</FONT></P></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.50em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Share of other recognised income and expense of investments in subsidaries, joint ventures and
associates</FONT></P></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.50em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other adjustments</FONT></P></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Items that may be reclassified to profit or loss</B></FONT></P></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(4,363)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,490)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>429</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.50em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Hedge of net investments in foreign operations [effective portion]</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(118)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(274)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(373)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.50em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Foreign currency translation</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(5,185)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3,905)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,173)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.50em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Hedging derivatives. Cash flow hedges [effective portion]</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(49)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(46)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.50em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Available-for-sale financial assets</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">947</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,674</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,816</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.50em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non-current assets and disposal groups classified as held for sale</FONT></P></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.50em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Share of other recognised income and expense of investments in subsidaries, joint ventures and
associates</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(23)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">64</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(796)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>MINORITY INTERESTS (NON-CONTROLLING INTEREST)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">31</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>8,064</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>7,992</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,511</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Valuation adjustments</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,246)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,333)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(53)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">10,310</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">9,325</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,563</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>TOTAL EQUITY</B></FONT></P></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>55,428</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>55,282</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>51,609</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>TOTAL EQUITY AND TOTAL LIABILITIES</B></FONT></P></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>731,856</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>749,855</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>631,942</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="12"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>MEMORANDUM ITEM (OFF-BALANCE SHEET
EXPOSURES)</B></FONT></P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"><FONT COLOR="#fcfcfc"><B>&nbsp;Notes&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Financial guarantees given</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">33</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>50,540</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>49,876</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>33,741</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Contingent commitments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">33</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>117,573</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>135,733</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>106,252</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The accompanying Notes 1 to 56 and Appendices I to XII are an integral part of the consolidated balance sheets.
</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">F-4 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g368256header.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4"><A NAME="fin368256_2"></A>Consolidated income statements for the years ended December&nbsp;31, 2016, 2015 and
2014. </FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="70%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="77%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Consolidated income statements</B></FONT></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"><FONT COLOR="#fcfcfc"><B>Notes&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Interest income</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">37</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">27,708</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">24,783</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">22,838</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Interest expenses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">37</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(10,648)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(8,761)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(8,456)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>NET INTEREST INCOME</B></FONT></P></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>17,059</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>16,022</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>14,382</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Dividend income</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">38</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">467</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">415</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">531</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Share of profit or loss of entities accounted for using the equity method</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">39</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">174</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">343</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Fee and commission income</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">40</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,804</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,340</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,530</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Fee and commission expenses</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">40</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,086)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,729)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,356)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">41</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,375</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,055</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,439</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Gains or (-) losses on financial assets and liabilities held for trading, net</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">41</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">248</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(409)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">41</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">114</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">126</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">32</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Gains or (-) losses from hedge accounting, net</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">41</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(76)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">93</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(47)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Exchange differences (net)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">41</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">472</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,165</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">699</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other operating income</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">42</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,272</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,315</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">959</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other operating expenses</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">42</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,128)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,285)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,705)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Income on insurance and reinsurance contracts</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">43</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,652</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,678</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,622</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Expenses on insurance and reinsurance contracts</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">43</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,545)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,599)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,714)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>GROSS INCOME</B></FONT></P></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>24,653</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23,362</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>20,725</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Administration costs</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">44</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(11,366)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(10,836)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(9,414)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Personnel expenses</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(6,722)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(6,273)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(5,410)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Other administrative expenses</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,644)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,563)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,004)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Depreciation</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">45</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,426)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,272)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,145)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Provisions or (-) reversal of provisions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">46</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,186)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(731)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,142)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">47</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3,801)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,272)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,340)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Financial assets measured at cost</FONT></P></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Available- for-sale financial assets</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(202)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(23)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(35)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Loans and receivables</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3,597)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,248)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,304)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Held to maturity investments</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>NET OPERATING INCOME</B></FONT></P></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>6,874</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>6,251</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,684</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Impairment or (-) reversal of impairment of investments in subsidaries, joint ventures and associates</FONT></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Impairment or (-) reversal of impairment on non-financial assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">48</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(521)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(273)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(297)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Tangible assets</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(143)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(60)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(97)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Intangible assets</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(8)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Other assets</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(375)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(209)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(192)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Gains (losses) on derecognition of non financial assets and subsidiaries, net</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">49</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">70</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,135)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Negative goodwill recognised in profit or loss</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">18</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">50</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(31)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">734</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(453)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>OPERATING PROFIT BEFORE TAX</B></FONT></P></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>6,392</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,603</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,980</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Tax expense or (-) income related to profit or loss from continuing operation</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">19</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,699)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,274)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(898)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>PROFIT FROM CONTINUING OPERATIONS</B></FONT></P></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,693</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,328</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,082</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Profit from discontinued operations (net)</FONT></P></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>PROFIT</B></FONT></P></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,693</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,328</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,082</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Attributable to minority interest [non-controlling interests]</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">31</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,218</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">686</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">464</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Attributable to owners of the parent</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,475</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,642</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,618</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="12"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"><FONT COLOR="#fcfcfc"><B>Notas&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>EARNINGS PER SHARE</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>0.50</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>0.37</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>0.40</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Basic earnings per share from continued operations</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">0.50</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">0.37</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">0.40</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Diluted earnings per share from continued operations</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">0.50</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">0.37</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">0.40</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Basic earnings per share from discontinued operations</FONT></P></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Diluted earnings per share from discontinued operations</FONT></P></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The accompanying Notes 1 to 56 and Appendices I to XII are an integral part of the consolidated income 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">F-5 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g368256header.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4"><A NAME="fin368256_3"></A>Consolidated statements of recognized income and expenses for the years ended
December&nbsp;31, 2016, 2015 and 2014. </FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="94%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt">


<TR>
<TD WIDTH="79%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Consolidated statements of recognized income and
expenses</B></FONT></P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>PROFIT RECOGNIZED IN INCOME STATEMENT</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,693</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,328</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,082</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>OTHER RECOGNIZED INCOME (EXPENSES)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,022)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(4,280)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,359</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>ITEMS NOT SUBJECT TO RECLASSIFICATION TO INCOME STATEMENT</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(240)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(74)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(346)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Actuarial gains and losses from defined benefit pension plans</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(303)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(135)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(498)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non-current assets available for sale</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Entities under the equity method of accounting</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(5)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Income tax related to items not subject to reclassification to income
statement</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">63</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">157</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>ITEMS SUBJECT TO RECLASSIFICATION TO INCOME STATEMENT</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,782)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(4,206)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,705</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Hedge of net investments in foreign operations [effective
portion]</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>166</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>88</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(273)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;Valuation gains or (-) losses taken to equity</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">166</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">88</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(273)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;Transferred to profit or loss</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;Other reclassifications</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Foreign currency translation</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,167)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,911)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>760</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;Valuation gains or (-) losses taken to equity</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,120)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3,154)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">761</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;Transferred to profit or loss</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(47)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">243</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;Other reclassifications</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Cash flow hedges [effective portion]</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>80</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(71)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;Valuation gains or (-) losses taken to equity</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">134</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">47</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(71)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;Transferred to profit or loss</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(54)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(43)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;Transferred to initial carrying amount of hedged items</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;Other reclassifications</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Available-for-sale financial assets</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(694)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,196)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,306</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;Valuation gains or (-) losses taken to equity</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">438</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,341)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,706</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;Transferred to profit or loss</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,248)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,855)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,400)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;Other reclassifications</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">116</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Non-current assets held for sale</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(4)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;Valuation gains or (-) losses taken to equity</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;Transferred to profit or loss</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;Other reclassifications</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Entities accounted for using the equity method</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(89)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>861</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>338</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Income tax</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(78)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>948</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,351)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>TOTAL RECOGNIZED INCOME/EXPENSES</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>1,671</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(952)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>6,441</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;Attributable to minority interest [non-controlling
interests]</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">305</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(594)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">341</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;Attributable to the parent company</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,366</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(358)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,100</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The accompanying Notes 1 to 56 and Appendices I to XII are an integral part of the consolidated statements of
recognized income and expenses for the years ended December&nbsp;31, 2016, 2015 and 2014. </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">F-6 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

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<IMG SRC="g368256header.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4"><A NAME="fin368256_4"></A>Consolidated statements of changes in equity for the years ended December&nbsp;31,
2016, 2015 and 2014. </FONT></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:ARIAL; font-size:6pt" ALIGN="center">


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<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="54"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of
Euros</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Capital<BR>(Nota&nbsp;26)</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Share<BR>Premium<BR>(Note&nbsp;27)</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Equity<BR>instruments<BR>issued&nbsp;other<BR>than capital</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Other&nbsp;Equity</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Retained<BR>earnings</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Revaluation<BR>reserves</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Other<BR>reserves</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" NOWRAP ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">(-)&nbsp;Treasury&nbsp;<BR>shares&nbsp;</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc">Profit&nbsp;or&nbsp;loss<BR>attributable&nbsp;to<BR>owners&nbsp;of&nbsp;the</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc">parent</FONT></P></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Interim<BR>dividends</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Accumulated<BR>other<BR>comprehensive<BR>income</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><FONT STYLE="white-space:nowrap">Non-controlling&nbsp;interest</FONT></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;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Total</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#009ee5"><FONT STYLE="font-size:8pt" COLOR="#fcfcfc">2016</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Valuation<BR>adjustments</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Rest</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balances as of January&nbsp;1, 2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,120</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23,992</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>35</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>22,588</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>22</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(98)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(309)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,642</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,352)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,349)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,333)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>9,325</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>55,281</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total income/expense recognized</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,475</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,109)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(913)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>1,218</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>1,671</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other changes in equity</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>98</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>19</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>1,100</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(2)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>31</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>260</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,642)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(158)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(233)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,526)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Issuances of common shares</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">98</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(98)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Issuances of preferred shares</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Issuance of other equity instruments</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Period or maturity of other issued equity instruments</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Conversion of debt on equity</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Common Stock reduction</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Dividend distribution</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">93</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(93)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,301)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(234)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,535)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Purchase of treasury shares</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,004)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,004)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Sale or cancellation of treasury shares</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(30)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,264</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,234</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Reclassification of financial liabilities to other equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Reclassification of other equity instruments to financial liabilities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Transfers between total equity entries</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,166</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">126</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,642)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,352</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Increase/Reduction of equity due to business combinations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Share based payments</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(16)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(12)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other increases or (-) decreases in equity</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">35</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(34)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(210)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(209)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balances as of December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,218</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23,992</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>54</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23,688</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>20</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(67)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(48)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,475</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,510)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(5,458)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,246)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>10,310</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>55,428</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The accompanying Notes 1 to 56 and Appendices I to XII are an integral part of the total consolidated statements of
changes in equity. </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">F-7 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g368256header.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4">Consolidated statements of changes in equity for the years ended December&nbsp;31, 2016, 2015 and 2014.
(continued). </FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="54"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of
Euros</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Capital<BR>(Note&nbsp;26)&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Share<BR>Premium<BR>(Note&nbsp;27)</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Equity<BR>instruments<BR>issued&nbsp;other<BR>than capital</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Other&nbsp;Equity&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Retained<BR>earnings</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Revaluation<BR>reserves</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Other<BR>reserves&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" NOWRAP ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">(-)&nbsp;Treasury&nbsp;<BR>shares&nbsp;</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc">Profit&nbsp;or&nbsp;loss<BR>attributable&nbsp;to</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc">owners&nbsp;of&nbsp;the</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc">parent</FONT></P></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Interim&nbsp;&nbsp;<BR>dividends&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Accumulated<BR>other<BR>comprehensive<BR>income</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><FONT STYLE="white-space:nowrap">Non-controlling&nbsp;interest</FONT></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;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Total</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#009ee5"><FONT STYLE="font-size:8pt" COLOR="#fcfcfc">2015</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Valuation<BR>adjustments</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Rest</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balances as of January&nbsp;1, 2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,024</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23,992</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>66</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>20,281</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>633</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(350)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,618</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(841)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(348)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(53)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,563</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>51,609</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total income/expense recognized</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,642</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,000)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,280)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>686</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(953)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other changes in equity</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>96</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(32)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,308</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(731)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>41</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,618)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(512)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>6,075</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,626</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Issuances of common shares</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">96</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(96)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Issuances of preferred shares</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Issuance of other equity instruments</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Period or maturity of other issued equity instruments</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Conversion of debt on equity</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Common Stock reduction</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Dividend distribution</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">86</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(86)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,222)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(146)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,368)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Purchase of treasury shares</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3,278)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3,278)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Sale or cancellation of treasury shares</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,319</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,325</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Reclassification of financial liabilities to other equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Reclassification of other equity instruments to financial liabilities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Transfers between total equity entries</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,423</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(645)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,618)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">841</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Increase/Reduction of equity due to business combinations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Share based payments</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(48)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(34)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other increases or (-) decreases in equity</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(126)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(131)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,221</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,980</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balances as of December&nbsp;31, 2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,120</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23,992</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>35</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>22,588</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>22</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(98)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(309)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,642</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,352)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,349)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,333)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>9,325</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>55,281</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The accompanying Notes 1 to 56 and Appendices I to XII are an integral part of the total consolidated statements of
changes in equity. </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">F-8 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g368256header.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4">Consolidated statements of changes in equity for the years ended December&nbsp;31, 2016, 2015 and 2014.
(continued). </FONT></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:ARIAL; font-size:6pt" ALIGN="center">


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<TD VALIGN="bottom" WIDTH="2%"></TD>
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<TD VALIGN="bottom" WIDTH="2%"></TD>
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<TD VALIGN="bottom" WIDTH="2%"></TD>
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<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="54"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of
Euros</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Capital<BR>(Note&nbsp;26)</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Share<BR>Premium<BR>(Note&nbsp;27)</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Equity<BR>instruments<BR>issued&nbsp;other<BR>than capital</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Other&nbsp;Equity</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Retained<BR>earnings</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Revaluation<BR>reserves</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Other<BR>reserves</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" NOWRAP ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">(-)&nbsp;Treasury&nbsp;<BR>shares&nbsp;</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc">Profit&nbsp;or&nbsp;loss<BR>attributable&nbsp;to</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc">owners&nbsp;of&nbsp;the</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc">parent</FONT></P></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Interim<BR>dividends</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Accumulated<BR>other<BR>comprehensive<BR>income</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><FONT STYLE="white-space:nowrap">Non-controlling&nbsp;interest</FONT></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;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Total</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-left:8pt" BGCOLOR="#009ee5"><FONT STYLE="font-size:8pt" COLOR="#fcfcfc">2014</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Valuation<BR>adjustments</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc">Rest</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balances as of January&nbsp;1, 2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,835</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>22,111</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>59</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>19,291</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>26</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>450</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(66)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,084</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(765)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,831)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>70</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,301</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>44,565</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total income/expense recognized</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,618</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,483</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(123)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>464</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>6,442</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other changes in equity</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>189</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>1,881</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>8</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>989</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(2)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>182</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(284)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,084)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(76)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(201)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>602</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Issuances of common shares</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">189</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,881</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(70)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Issuances of preferred shares</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Issuance of other equity instruments</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Period or maturity of other issued equity instruments</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Conversion of debt on equity</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Common Stock reduction</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Dividend distribution</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">91</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(91)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(597)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(243)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(840)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Purchase of treasury shares</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3,770)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3,770)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Sale or cancellation of treasury shares</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,486</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,491</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Reclassification of financial liabilities to other equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Reclassification of other equity instruments to financial liabilities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Transfers between total equity entries</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,044</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">277</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,084)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">765</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Increase/Reduction of equity due to business combinations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Share based payments</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(36)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(29)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other increases or (-) decreases in equity</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">44</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(88)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(244)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">42</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(250)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balances as of December&nbsp;31, 2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,024</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23,992</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>67</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>20,280</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>633</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(350)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,618</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(841)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(348)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(53)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,563</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>51,609</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The accompanying Notes 1 to 56 and Appendices I to XII are an integral part of the total consolidated statements of
changes in equity. </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">F-9 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g368256header.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4"><A NAME="fin368256_5"></A>Consolidated statements of cash flows for the years ended December&nbsp;31, 2016,
2015 and 2014. </FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="70%" 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></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Consolidated statements of cash flow</B></FONT></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"><FONT COLOR="#fcfcfc"><B>Notes&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>A) CASH FLOW FROM OPERATING ACTIVITIES (1 + 2 + 3 + 4 + 5)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">51</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>6,623</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23,101</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(6,188)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>1. Profit for the year</B></FONT></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,693</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,328</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,082</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>2. Adjustments to obtain the cash flow from operating activities:</B></FONT></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>6,784</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>18,327</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>8,315</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Depreciation and amortization</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,426</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,272</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,145</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other adjustments</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,358</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">17,055</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,170</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>3. Net increase/decrease in operating assets</B></FONT></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(4,428)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(12,954)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(53,244)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Financial assets held for trading</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,289</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,691</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(11,145)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other financial assets designated at fair value through profit or loss</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">337</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(349)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Available-for-sale financial assets</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">14,445</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,360</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(13,485)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and receivables</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(21,075)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(20,498)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(27,299)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other operating assets</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">915</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(844)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(966)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>4. Net increase/decrease in operating liabilities</B></FONT></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>1,273</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>15,674</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>36,557</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Financial liabilities held for trading</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">361</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,475)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11,151</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other financial liabilities designated at fair value through profit or loss</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(53)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">120</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">256</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Financial liabilities at amortized cost</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(7)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">21,422</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">24,219</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other operating liabilities</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">972</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3,393)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">931</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>5. Collection/Payments for income tax</B></FONT></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,699)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,274)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(898)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>B) CASH FLOWS FROM INVESTING ACTIVITIES (1 + 2)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">51</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(560)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(4,411)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,151)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>1. Investment</B></FONT></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,978)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(6,416)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,984)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Tangible assets</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,312)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,171)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,419)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Intangible assets</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(645)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(571)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(467)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Investments in joint ventures and associates</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(76)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(41)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Subsidiaries and other business units</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(95)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3,633)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(98)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Non-current assets held for sale and associated liabilities</FONT></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Held-to-maturity investments</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,850)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other settlements related to investing activities</FONT></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>2. Divestments</B></FONT></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,418</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,005</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>833</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Tangible assets</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">795</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">224</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">167</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Intangible assets</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Investments in joint ventures and associates</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">322</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">118</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Subsidiaries and other business units</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">73</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Non-current assets held for sale and associated liabilities</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">900</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,683</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">548</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Held-to-maturity investments</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,215</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other collections related to investing activities</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">93</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">86</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>C) CASH FLOWS FROM FINANCING ACTIVITIES (1 + 2)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">51</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,113)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>127</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,157</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>1. Investment</B></FONT></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(4,335)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(5,717)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(5,955)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Dividends</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,599)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(879)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(826)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Subordinated liabilities</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(502)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,419)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,046)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Treasury stock amortization</FONT></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Treasury stock acquisition</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,004)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3,273)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3,770)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other items relating to financing activities</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(230)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(146)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(313)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>2. Divestments</B></FONT></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,222</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>5,844</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>9,112</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Subordinated liabilities</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,523</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,628</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Treasury stock increase</FONT></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Treasury stock disposal</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,222</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,321</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,484</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other items relating to financing activities</FONT></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>D) EFFECT OF EXCHANGE RATE CHANGES</B></FONT></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,463)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(6,781)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>725</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>E) NET INCREASE/DECREASE IN CASH OR CASH EQUIVALENTS (A+B+C+D)</B></FONT></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>1,489</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>12,036</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,457)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>F) CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR</B></FONT></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>43,466</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>31,430</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>34,887</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>G) CASH AND CASH EQUIVALENTS AT END OF THE PERIOD (E+F)</B></FONT></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>44,955</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>43,466</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>31,430</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="12"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millones de euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>(Continued)</B></FONT></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"><FONT COLOR="#fcfcfc">Notas&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Cash</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,413</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,192</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,247</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Balance of cash equivalent in central banks (*)</FONT></P></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">37,542</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">36,275</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">25,183</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other financial assets</FONT></P></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Less: Bank overdraft refundable on demand</FONT></P></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TOTAL CASH AND CASH EQUIVALENTS AT END OF THE PERIOD</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;&nbsp;9,13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>44,955</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>43,466</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>31,430</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:18%; font-size:7pt; font-family:ARIAL" ALIGN="justify">(*) &#147;Balance of cash equivalent in central banks&#148; includes short term deposits in central banks
in the heading &#147;Loans and receivables&#148; in the accompanying consolidated financial statements (see Note 13). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The accompanying Notes 1 to
56 and Appendices I to XII are an integral part of the consolidated statement of cash flows for the year ended December&nbsp;31, 2016, 2015 and 2014. </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">F-10 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g368256header.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4">Notes to the consolidated financial statements </FONT></P>
<P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4">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="#094fa4"><A NAME="fin368256_7"></A>Introduction, basis for the presentation of the consolidated financial
statements, internal control of financial information and other information. </FONT></P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">1.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Introduction </FONT></P></TD></TR></TABLE>
<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 private-law 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 activities it carries out directly, the Bank heads a group of subsidiaries, joint venture and associates 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">As of December&nbsp;31, 2016, the BBVA Group had 370 consolidated entities
and 89 entities accounted for using the equity method (see Notes 3 and 16 and Appendix I to V). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These consolidated financial statements for the
year ended December&nbsp;31, 2016, have been authorized for issue on March&nbsp;31, 2017. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">1.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Basis for the presentation of the consolidated financial statements </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The BBVA Group&#146;s consolidated financial statements are presented in accordance with the International Financial Reporting Standards endorsed by the
European Union (hereinafter, &#147;EU-IFRS&#148;) applicable as of December&nbsp;31, 2016, 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 and in compliance with IFRS-IASB. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The BBVA Group&#146;s accompanying consolidated financial statements for the year ended
December&nbsp;31, 2016 were prepared by the Group&#146;s Directors (through the Board of Directors held on February&nbsp;9, 2017) by applying the principles of consolidation, accounting policies and valuation criteria described in Note 2, so that
they present fairly the Group&#146;s total consolidated equity and financial position as of December&nbsp;31, 2016, together with the consolidated results of its operations and cash flows generated during the year ended December&nbsp;31, 2016. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These consolidated financial statements were prepared on the basis of the accounting records kept by the Bank and each of the other entities in the
Group. Moreover, they include the adjustments and reclassifications required to harmonize the accounting policies and valuation criteria used by the Group (see Note 2.2). </P>
<P STYLE="margin-top:12pt; 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 how the units are expressed. 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">The percentage
changes in amounts have been calculated using figures expressed in thousands of euros. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">1.3</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Comparative information </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The consolidated financial statements of BBVA Group for the year 2016 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 </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">F-11 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">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 financial statements and the
information referred of those dates of 2015 and 2014, has been restated according to the new models mentioned in the previous paragraph. As shown in Appendix XII attached, the presentation of the consolidated financial statements in accordance with
these new formats has no significant impact on the financial statements included in the consolidated financial statements for the years ended December&nbsp;31, 2015 and 2014. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Certain financial information for the year 2015 has been restated, with no significant impact, as a result of the end in 2016 of the purchase accounting
period related to the Garanti Group acquisition (July 2015),&nbsp;as required by&nbsp;IFRS 3&nbsp;&#147;Business Combinations&#148; paragraph 49 (see Note 18). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Likewise, during 2016, the BBVA Group operating segments have not been significant changes with regard to the existing structure in 2015 (Note 6). The
information related to operating segments as of December&nbsp;31, 2015 and 2014 has been restated for comparability purposes, as required by IFRS 8 &#147;Operating segments&#148;. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">1.4</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Seasonal nature of income and expenses </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The nature of the most significant activities 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 within the same year. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">1.5</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Responsibility for the information and for the estimates made </FONT></P></TD></TR></TABLE>
<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 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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 (see Notes 7, 12, 13, 14 and 16). </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 (see Notes 24 and 25) and for the actuarial calculation of
post-employment benefit liabilities and commitments (see Note 25). </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 (see Notes 17, 18, 20 and 21).
</P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 (see Note 18). </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 (see Notes 7, 8, 10, 11 and 12).
</P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 (See Note 19). </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 (see Notes 2.2.16 and 2.2.20). </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 December&nbsp;31, 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="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">1.6</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">BBVA Group&#146;s Internal Control over financial reporting </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The financial information prepared by the BBVA Group is subject to an Internal Control over Financial Reporting (hereinafter &#147;ICFR&#148;), which
provides reasonable assurance with respect to its reliability and the integrity of the consolidated financial information. It is also aimed to ensure that the transactions are processed in accordance with the applicable laws and regulations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The ICFR was developed by the BBVA Group&#146;s management in accordance with the framework established by the &#147;Committee of Sponsoring
Organizations of the Treadway Commission&#148; (hereinafter, &#147;COSO&#148;). The COSO framework sets five components that constitute the basis of the effectiveness and efficiency of the internal control systems: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 establishment of an appropriate control framework. </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">F-12 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 assessment of the risks that could arise during the preparation of the financial information. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 design of the necessary controls to mitigate the identified risks. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 establishment of an appropriate system of information to detect and report system weaknesses. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 monitoring of the controls to ensure they perform correctly and are effective over time. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The ICFR is a dynamic model that evolves continuously over time to reflect the reality of the BBVA Group&#146;s businesses, processes, risks and
controls designed to mitigate them. It is subject to a continuous evaluation by the internal control units located in the different entities of BBVA Group. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">These
internal control units are integrated within the BBVA internal control model which is based in two pillars: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">A control system organized into three lines of defense: </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The first line are integrated by the business units, which are responsible for identifying risks associated with their
processes and to execute the controls established to mitigate them. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The second line comprises the specialized control units (Legal Compliance, Global Accounting&nbsp;&amp; Information
Management/Internal Financial Control, Internal Risk Control, IT Risk, Fraud&nbsp;&amp; Security, and Operations Control among others). This second line defines the models and control policies under their areas of responsibility and monitors the
design and the correct implementation and effectiveness of the controls. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The third line is the Internal Audit unit, which conducts an independent review of the model, verifying the compliance
and effectiveness of the model. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">A set of committees called Corporate Assurance that helps to escalate the internal control issues to the management at a
Group level and also in each of the countries where the Group operates. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The internal control units comply with a common and
standard methodology established at Group level, as set out in the following diagram: </P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g368256page015.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Internal Control Units, ICFR Model is subject to annual evaluations by the Group&#146;s Internal Audit Unit and
external auditors. It is also supervised by the Audit and Compliance Committee of the Bank&#146;s Board of Directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The BBVA Group also complies
with the requirements of the Sarbanes-Oxley Act (hereafter &#147;SOX&#148;) for consolidated financial statements as a listed company in the U.S. Securities and Exchange Commission (&#147;SEC&#148;). The main senior executives of the Group take part
in the design, compliance and implementation of the internal control model to make it efficient and to ensure the quality and accuracy of the financial information. </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">F-13 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">1.7</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Mortgage market policies and procedures </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The information on &#147;Mortgage market policies and procedures&#148; (for the granting of mortgage loans and for debt issues secured by such mortgage
loans) required by Bank of Spain Circular 5/2011, applying Royal Decree 716/2009, dated April&nbsp;24 (which developed certain aspects of Act 2/1981, dated March&nbsp;25, on the regulation of the mortgage market and other mortgage and financial
market regulations), can be found in Appendix VIII. </P> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4">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="#094fa4"><A NAME="fin368256_8"></A>Principles of consolidation, accounting policies and measurement bases
applied and recent IFRS pronouncements </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Glossary includes the definition of some of the financial and economic terms
used in Note 2 and subsequent Notes. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">2.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Principles of consolidation </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In terms of its consolidation, in accordance with the criteria established by the IFRS, the BBVA Group is made up of four types of entities:
subsidiaries, joint ventures, associates and structured entities, defined as follows: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Subsidiaries </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Subsidiaries are entities controlled by the Group (for definition of the criterion for control, see Glossary).The financial statements of
the subsidiaries are fully consolidated with those of the Bank. The share of non-controlling interests from subsidiaries in the Group&#146;s consolidated total equity is presented under the heading &#147;Non-controlling interests&#148; in the
consolidated balance sheet. Their share in the profit or loss for the period or year is presented under the heading &#147;Attributable to minority interest&#148; in the accompanying consolidated income statement (see Note 31). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Note 3 includes information related to the main subsidiaries in the Group as of December&nbsp;31, 2016. Appendix I includes other
significant information on these entities. </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Joint ventures </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Joint ventures are those entities over which there is a joint arrangement to joint control with third parties other than the Group (for
definitions of joint arrangement, joint control and joint venture, refer to Glossary). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">The investments in joint ventures are
accounted for using the equity method (see Note 16). Appendix II shows the main figures for joint ventures accounted for using the equity method. </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Associates </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Associates are entities in which the Group is able to exercise significant influence (for definition of significant influence, see
Glossary). Significant influence is deemed to exist when the Group owns 20% or more of the voting rights of an investee directly or indirectly, unless it can be clearly demonstrated that this is not the case. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">However, certain entities in which the Group owns 20% or more of the voting rights are not included as Group associates, since the Group
does not have the ability to exercise significant influence over these entities. Investments in these entities, which do not represent material amounts for the Group, are classified as &#147;Available-for-sale financial assets&#148;. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">In contrast, some investments in entities in which the Group holds less than 20% of the voting rights are accounted for as Group
associates, as the Group is considered to have the ability to exercise significant influence over these entities. As of December&nbsp;31, 2016, these entities are not significant in the Group. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Appendix II shows the most significant information related to the associates (see Note 16), which are accounted for using the equity
method. </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Structured Entities </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">A structured entity is an entity that has been designed so that voting or similar rights are not the dominant factor in deciding who
controls the entity, such as when the voting rights relate to administrative matters only and the relevant activities are directed by means of contractual arrangements (see Glossary). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">In those cases where the Group sets up entities or has a holding in such entities, in order to allow its customers access to certain
investments, to transfer risks or for other purposes, in accordance with internal criteria and procedures and with applicable regulations, the Group determines whether control over the entity in question actually exists and therefore whether it
should be subject to consolidation. </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">F-14 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Such methods and procedures determine whether there is control by the Group, considering
how the decisions are made about the relevant activities, assesses whether the Group has all power over the relevant elements, exposure, or rights, to variable returns from involvement with the investee and the ability to use power over the investee
to affect the amount of the investor&#146;s returns. </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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Structured entities subject to consolidation </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:ARIAL" ALIGN="justify">To determine if a structured entity is controlled by the Group, and therefore should be consolidated into the Group, the existing
contractual rights (different from the voting rights) are analyzed. For this reason, an analysis of the structure and purpose of each investee is performed and, among others, the following factors will be considered: </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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" 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:10pt">Evidence of the current ability to manage the relevant activities of the investee according to the specific business
needs (including any decisions that may arise only in particular circumstances). </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" 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:10pt">Potential existence of a special relationship with the investee. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" 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:10pt">Implicit or explicit Group commitments to support the investee. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" 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:10pt">The ability to use the Group&acute;s power over the investee to affect the amount of the Group&#146;s returns.
</P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:ARIAL" ALIGN="justify">There are cases where the Group has a high exposure to variable returns and retains decision-making power over the
investee, either directly or through an agent. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:ARIAL" ALIGN="justify">The main structured entities of the Group are the so-called asset securitization
funds, to which the BBVA Group transferred loans and receivables portfolios, and other vehicles, which allow the Group&#146;s customers to gain access to certain investments or to allow for the transfer of risks and other purposes (See Appendix I
and V). The BBVA Group maintains the decision-making power over the relevant activities of these vehicles and financial support through securitized market standard contractual. The most common ones are: investment positions in equity note tranches,
funding through subordinated debt, credit enhancements through derivative instruments or liquidity lines, management rights of defaulted securitized assets, &#147;clean-up&#148; call derivatives, and asset repurchase clauses by the grantor. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:ARIAL" ALIGN="justify">For these reasons, the loans and receivable portfolios related to the vast majority of the securitizations carried out by the Bank or
Group subsidiaries are not deregistered in the books of said entity and the issuances of the related debt securities are registered as liabilities within the Group&#146;s consolidated 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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Non-consolidated structured entities </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Group owns other vehicles also for the purpose of allowing access to customers to certain investment, transfer risks, and other
purposes, but without the Group having control of the vehicles and are not consolidated in accordance with IFRS 10. The balance of assets and liabilities of these vehicles is not material in relation to the Group&#146;s consolidated financial
statements. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, there was no material financial support from the Bank or subsidiaries to unconsolidated
structured entities. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Group does not consolidate any of the mutual funds it managed since the necessary control conditions are
not met (see definition of control in the Glossary). Particularly, the BBVA Group does not act as arranger but as agent since it operates the mutual funds on behalf and for the benefit of investors or parties (arranger of arrangers) and, for this
reason it does not control the mutual funds when exercising its authority for decision making. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:ARIAL" ALIGN="justify">On the other hand, the mutual funds
managed by the Group are not considered structured entities (generally, retail funds without corporate identity over which investors have participations which gives them ownership of said managed equity). These funds are not dependent on a capital
structure that could prevent them to carry out activities without additional financial support, being in any case insufficient as far as the activities themselves are concerned. Additionally, the risk of the investment is absorbed by the fund
participants, and the Group is only exposed when it becomes a participant, and as such, there is no other risk for the Group. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In all cases, results
of equity method investees acquired by the BBVA Group in a particular period are included taking into account only the period from the date of acquisition to the financial statements date. Similarly, the results of entities disposed of during any
year are included taking into account only the period from the start of the year to the date of disposal. </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">F-15 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The financial statements of subsidiaries, associates and joint ventures used in the preparation of the
consolidated financial statements of the Group relate to the same date of presentation than the consolidated financial statements. If financial statements at those same dates are not available, the most recent will be used, as long as these are not
older than three months, and adjusting to take into account the most significant transactions. As of December&nbsp;31, 2016, save for the case of the financial statements of 5 associates and joint-ventures deemed non-significant (four of which
presented financial statements as of November&nbsp;30, 2016 and one as of October&nbsp;31, 2016), all of the financial statements of all Group entities were available. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Our banking subsidiaries, associates and joint venture around the world, are subject to supervision and regulation from a variety of regulatory bodies
in relation to, among other aspects, the satisfaction of minimum capital requirements. The obligation to satisfy such capital requirements may affect the ability of such entities to transfer funds in the form of cash dividends, loans or advances. In
addition, under the laws of the various jurisdictions where such entities are incorporated, dividends may only be paid out through funds legally available for such purpose. Even when the minimum capital requirements are met and funds are legally
available, the relevant regulator or other public administrations could discourage or delay the transfer of funds to the Group in the form of cash, dividends, loans or advances for prudential reasons. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">2.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Accounting policies and valuation criteria applied </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The accounting standards and policies and the valuation criteria applied in preparing these consolidated financial statements may differ from those used
by some of the entities within the BBVA Group. For this reason, necessary adjustments and reclassifications have been made in the consolidation process to standardize these principles and criteria and comply with the IFRS-IASB. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The accounting standards and policies and valuation criteria used in preparing the accompanying consolidated financial statements are 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:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">2.2.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Financial instruments </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Measurement of financial instruments and recognition of changes in subsequent fair value </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">All financial instruments are initially accounted for at fair value which, unless there is evidence to the contrary, shall be the transaction price.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Excluding all trading derivatives not considered as economic hedges, all the changes in the fair value of the financial instruments arising from
the accrual of interests and similar items are recognized under the headings &#147;Interest income&#148; or &#147;Interest expenses&#148;, as appropriate, in the accompanying consolidated income statement for the year in which the change occurred
(see Note 37). The dividends received from other entities, other than associate entities and joint venture entities, are recognized under the heading &#147;Dividend income&#148; in the accompanying consolidated income statement for the year in which
the right to receive them arises (see Note 38). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The changes in fair value after the initial recognition, for reasons other than those mentioned in
the preceding paragraph, are treated as described below, according to the categories of financial assets and liabilities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#006ec1">&#147;Financial
assets and liabilities held for trading&#148; and &#147;Financial assets and liabilities designated at fair value through profit or loss&#148; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The assets and liabilities recognized under these headings of the consolidated balance sheets are measured upon acquisition at fair value and changes in
the fair value (gains or losses) are recognized as their net value under the heading &#147;Gains (losses) on financial assets and liabilities (net)&#148; in the accompanying consolidated income statements (see Note 41). Except those interests
derivatives designated as economic hedges on interest rate are registered in interest income or expense (Note 37), depending on where the result of the hedging instrument. However, changes in fair value resulting from variations in foreign exchange
rates are recognized under the heading &#147;Exchange differences (net)&#148; in the accompanying consolidated income statements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#006ec1">&#147;Available-for-sale financial assets&#148; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Assets recognized under this heading in the consolidated balance sheets are measured at their fair value. Subsequent changes in fair value (gains or
losses) are recognized temporarily for their amount net of tax effect, under the heading &#147;Accumulated other comprehensive income- Items that may be reclassified to profit or loss - Available-for-sale financial assets&#148; in the consolidated
balance sheets. </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">F-16 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Changes in the value of non-monetary items resulting from changes in foreign exchange rates are recognized
temporarily under the heading &#147;Accumulated other comprehensive income- Items that may be reclassified to profit or loss - Exchange differences&#148; in the accompanying consolidated balance sheets. Changes in foreign exchange rates resulting
from monetary items are recognized under the heading &#147;Exchange differences (net)&#148; in the accompanying consolidated income statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The
amounts recognized under the headings &#147;Accumulated other comprehensive income- Items that may be reclassified to profit or loss - Available-for-sale financial assets&#148; and &#147;Accumulated other comprehensive income- Items that may be
reclassified to profit or loss - Exchange differences&#148; continue to form part of the Group&#146;s consolidated equity until the corresponding asset is derecognized from the consolidated balance sheet or until an impairment loss is recognized in
the corresponding financial instrument. If these assets are sold, these amounts are derecognized and included under the headings &#147;Gains (losses) on financial assets and liabilities (net)&#148; or &#147;Exchange differences (net)&#148;, as
appropriate, in the consolidated income statement for the year in which they are derecognized. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The net impairment losses in
&#147;Available-for-sale financial assets&#148; over the year are recognized under the heading &#147;Impairment losses on financial assets (net) &#150; Other financial instruments not at fair value through profit or loss&#148; (see Note 47) in the
consolidated income statements for that period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#006ec1">&#147;Loans and receivables&#148;, &#147;Held-to-maturity investments&#148; and
&#147;Financial liabilities at amortized cost&#148; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Assets and liabilities recognized under these headings in the accompanying consolidated
balance sheets are measured once acquired at &#147;amortized cost&#148; using the &#147;effective interest rate&#148; method. This is because the consolidated entities generally intend to hold such financial instruments to maturity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Net impairment losses of assets recognized under these headings arising in each period are recognized under the heading &#147;Impairment or (-) reversal
of impairment on financial assets not measured at fair value through profit or loss &#150; loans and receivables&#148;, &#147;Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss &#150; held
to maturity investments&#148; or &#147;Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or&nbsp;loss &#150; financial assets measured at cost&#148; (see Note 47) in the consolidated income
statement for that period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#006ec1">&#147;Derivatives-Hedge Accounting&#148; and &#147;Fair value changes of the hedged items in portfolio hedges of
interest-rate risk&#148; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Assets and liabilities recognized under these headings in the accompanying consolidated balance sheets are measured
at fair value. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Changes occurring subsequent to the designation of the hedging relationship in the measurement of financial instruments designated
as hedged items as well as financial instruments designated as hedge accounting instruments are recognized as follows: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">In fair value hedges, the changes in the fair value of the derivative and the hedged item attributable to the hedged
risk are recognized under the heading &#147;Gains or losses from hedge accounting, net&#148; in the consolidated income statement, with a corresponding item under the headings where hedging items (&#147;Hedging derivatives&#148;) and the hedged
items are recognized, as applicable. Almost all of the hedges used by the Group are for interest-rate risks. Therefore, the valuation changes are recognized under the headings &#147;Interest income&#148; or &#147;Interest expenses&#148;, as
appropriate, in the accompanying consolidated income statement (see Note 37). </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">In fair value hedges of interest rate risk of a portfolio of financial instruments (portfolio-hedges), the gains or
losses that arise in the measurement of the hedging instrument are recognized in the consolidated income statement, and the gains or losses that arise from the change in the fair value of the hedged item (attributable to the hedged risk) are also
recognized in the consolidated income statement (in both cases under the heading &#147;Gains or losses from hedge accounting, net&#148;, using, as a balancing item, the headings &#147;Fair value changes of the hedged items in portfolio hedges of
interest rate risk&#148; in the consolidated balance sheets, as applicable. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">In cash flow hedges, the gain or loss on the hedging instruments relating to the effective portion are recognized
temporarily under the heading &#147;&#147;Accumulated other comprehensive income - Items that may be reclassified to profit or loss - Hedging derivatives. Cash flow hedges&#148; in the consolidated balance sheets, with a balancing entry under the
heading &#147;Hedging derivatives&#148; of the Assets or Liabilities of the Consolidated Financial Statements as applicable. These differences are recognized in the accompanying consolidated income statement at the time when the gain or loss in the
hedged instrument affects profit or loss, when the forecast transaction is executed or at the maturity date of the hedged item (See Note 37). </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">F-17 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Differences in the measurement of the hedging items corresponding to the ineffective portions of cash flow hedges are
recognized directly in the heading &#147;Gains or (-) losses from hedge accounting, net&#148; in the consolidated income statement (See Note 41). </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">In the hedges of net investments in foreign operations, the differences attributable to the effective portions of
hedging items are recognized temporarily under the heading &#147;Accumulated other comprehensive income - Items that may be reclassified to profit or loss &#150; Hedging of net investments in foreign transactions&#148; in the consolidated balance
sheets with a balancing entry under the heading &#147;Hedging derivatives&#148; of the Assets or Liabilities of the Consolidated Financial Statements as applicable. These differences in valuation are recognized under the heading &#147;Exchange
differences (net)&#148; in the consolidated income statement when the investment in a foreign operation is disposed of or derecognized. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT
 COLOR="#006ec1">Other financial instruments </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The following exceptions are applicable with respect to the above general criteria: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Equity instruments whose fair value cannot be determined in a sufficiently objective manner and financial derivatives
that have those instruments as their underlying asset and are settled by delivery of those instruments are recorded in the consolidated balance sheet at acquisition cost; this may be adjusted, where appropriate, for any impairment loss (see Note 8).
</P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Accumulated other comprehensive income arising from financial instruments classified at the consolidated balance sheet
date as &#147;Non-current assets and disposal groups classified as held for sale&#148; are recognized with the corresponding entry under the heading &#147;Accumulated other comprehensive income- Items that may be reclassified to profit or loss
&#150; Non-current assets and disposal groups classified as held for sale&#148; in the accompanying consolidated balance sheets. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">Impairment losses on financial assets </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Definition of impaired financial assets carried at amortized cost </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">A financial asset is considered impaired &#150; and therefore its carrying amount is adjusted to reflect the effect of impairment &#150; when there is
objective evidence that events have occurred, which: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">In the case of debt instruments (loans and advances and debt securities), reduce the future cash flows that were
estimated at the time the instruments were acquired. So they are considered impaired when there are reasonable doubts that the carrying amounts will be recovered in full and/or the related interest will be collected for the amounts and on the dates
initially agreed. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">In the case of equity instruments, it means that their carrying amount may not be fully recovered.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As a general rule, the carrying amount of impaired financial assets is adjusted with a charge to the consolidated income
statement for the period in which the impairment becomes known. The recoveries of previously recognized impairment losses are reflected, if appropriate, in the consolidated income statement for the year in which the impairment is reversed or
reduced, with an exception: any recovery of previously recognized impairment losses for an investment in an equity instrument classified as financial assets available for sale is not recognized in the consolidated income statement, but under the
heading &#147; Accumulated other comprehensive income - Items that may be reclassified to profit or loss - Available-for-sale financial assets&#148; in the consolidated balance sheet (see Note 30). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In general, amounts collected on impaired loans and receivables are used to recognize the related accrued interest and any excess amount is used to
reduce the unpaid principal. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">When the recovery of any recognized amount is considered remote, such amount is written-off on the consolidated
balance sheet, without prejudice to any actions that may be taken in order to collect the amount until the rights extinguish in full either because it is time-barred debt, the debt is forgiven, or other reasons. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Impairment on financial assets </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The
impairment on financial assets is determined by type of instrument and other circumstances that could affect it, taking into account the guarantees received by the owners of the financial instruments to assure (in part or in full) the performance of
the financial assets. The BBVA Group recognizes impairment charges directly against the impaired financial asset when the likelihood of recovery is deemed remote, and uses an offsetting or allowance account when it recognizes non-performing loan
provisions for the estimated losses. </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">F-18 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Impairment of debt securities measured at amortized cost </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">With regard to impairment losses arising from insolvency risk of the obligors (credit risk), a debt instrument, mainly Loans and receivables, is
impaired due to insolvency when a deterioration in the ability to pay by the obligor is evidenced, either due to past due status or for other reasons. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The BBVA Group has developed policies, methods and procedures to estimate incurred losses on outstanding credit risk. These policies, methods and
procedures are applied in the study, approval and execution of debt instruments and Commitments and guarantees given; as well as in identifying the impairment and, where appropriate, in calculating the amounts necessary to cover estimated losses.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amount of impairment losses on debt instruments measured at amortized cost is calculated based on whether the impairment losses are determined
individually or collectively. First it is determined whether there is objective evidence of impairment individually for individually significant debt instrument, and collectively for debt instrument that are not individually significant. In the case
where the Group determines that no objective evidence of impairment in the case of debt instrument analyzed individually will be included in a group of debt instrument with similar risk characteristics and collectively impaired is analyzed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In determining whether there is objective evidence of impairment the Group uses observable data on the following aspects: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Significant financial difficulties of the obligors. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Ongoing delays in the payment of interest or principal. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Refinancing of credit due to financial difficulties by the counterparty. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Bankruptcy or reorganization / liquidation are considered likely. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Disappearance of the active market for a financial asset because of financial difficulties. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Observable data indicating a reduction in future cash flows from the initial recognition such as adverse changes in the
payment status of the counterparty (delays in payments, reaching credit cards limits, etc.) </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">National or local economic conditions that are linked to &#147;defaults&#148; in the financial assets (unemployment
rate, falling property prices, etc.). </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Impairment losses on financial assets individually evaluated for impairment
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amount of the impairment losses incurred on financial assets represents the excess of their respective carrying amounts over the present
values of their expected future cash flows. These cash flows are discounted using the original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective
rate determined under the contract. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As an exception to the rule described above, the market value of listed debt instruments is deemed to be a fair
estimate of the present value of their expected future cash flows. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The following is to be taken into consideration when estimating the future cash flows of debt
instruments: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">All the amounts that are expected to be recovered over the remaining life of the debt instrument; including, where
appropriate, those which may result from the collateral and other credit enhancements provided for the debt instrument (after deducting the costs required for foreclosure and subsequent sale). Impairment losses include an estimate for the
possibility of collecting accrued, past-due and uncollected interest. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 various types of risk to which each debt instrument is subject. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 circumstances in which collections will foreseeably be made. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Impairment losses on financial assets collectively evaluated for impairment </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Impairment losses on financial assets collectively evaluated for impairment are calculated by using statistical procedures, and they are deemed
equivalent to the portion of losses incurred on the date that the accompanying consolidated financial statements are prepared that has yet to be allocated to specific asset. The BBVA Group estimates impairment losses through statistical processes
that apply historical data and other specific parameters that, although having been generated as of closing date for these consolidated financial statements, have arisen on an individual basis following the reporting date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">With respect to financial assets that have no objective evidence of impairment, the Group applies statistical methods using historical experience and
other specific information to estimate the losses that the Group has </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">F-19 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">
incurred as a result of events that have occurred as of the date of preparation of the consolidated financial statements but have not been known and will be apparent, individually after the date
of submission of the information. This calculation is an intermediate step until these losses are identified on an individual level, at which these financial instruments will be segregated from the portfolio of financial assets without objective
evidence of impairment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The incurred loss is calculated taking into account three key factors: exposure at default, probability of default and loss
given default. </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Exposure at default (EAD) is the amount of risk exposure at the date of default by the counterparty.
</P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Probability of default (PD) is the probability of the counterparty failing to meet its principal and/or interest payment
obligations. The PD is associated with the rating/scoring of each counterparty/transaction. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Loss given default (LGD) is the estimate of the loss arising in the event of default. It depends mainly on the
characteristics of the counterparty, and the valuation of the guarantees or collateral associated with the asset. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In order to
calculate the LGD at each balance sheet date, the Group evaluates the whole amount expected to be obtained over the remaining life of the financial asset. The recoverable amount from executable secured collateral is estimated based on the property
valuation, discounting the necessary adjustments to adequately account for the potential fall in value until its execution and sale, as well as execution costs, maintenance costs and sale costs. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In addition, to identify the possible incurred but not reported losses (IBNR) in the unimpaired portfolio, an additional parameter called &#147;LIP&#148;
(loss identification period) has to be introduced. The LIP parameter is the period between the time at which the event that generates a given loss occurs and the time when the loss is identified at an individual level. The analysis of the LIPs is
carried out on the basis of uniform risk portfolios. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">When the property right is contractually acquired at the end of the foreclosure process or
when the assets of distressed borrowers are purchased, the asset is recognized in the financial statements (see Note 2.2.4). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Impairment of
other debt instruments classified as financial assets available for sale </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The impairment losses on other debt instruments included in the
&#147;Available-for-sale financial asset&#148; portfolio are equal to the excess of their acquisition cost (net of any principal repayment), after deducting any impairment loss previously recognized in the consolidated income statement over their
fair value. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">When there is objective evidence that the negative differences arising on measurement of these debt instruments are due to impairment,
they are no longer considered as &#147;Accumulated other comprehensive income - Items that may be reclassified to profit or loss - Available-for-sale financial assets&#148; and are recognized in the consolidated income statement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">If all, or part of the impairment losses are subsequently recovered, the amount is recognized in the consolidated income statement for the year in which
the recovery occurred, up to the amount previously recognized in the income statement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Impairment of equity instruments </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The amount of the impairment in the equity instruments is determined by the category where they are recognized: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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"><I>Equity instruments classified as available for sale:</I> When there is objective evidence that the negative
differences arising on measurement of these equity instruments are due to impairment, they are no longer registered as &#147;Accumulated other comprehensive income - Items that may be reclassified to profit or loss - Available-for-sale financial
assets&#148; and are recognized in the consolidated income statement. In general, the Group considers that there is objective evidence of impairment on equity instruments classified as available-for-sale when significant unrealized losses have
existed over a sustained period of time due to a price reduction of at least 40% or over a period of more than 18 months. </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">When applying this evidence of impairment, the Group takes into account the volatility in the price of each individual equity instrument
to determine whether it is a percentage that can be recovered through its sale on the market; other different thresholds may exist for certain equity instruments or specific sectors. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">In addition, for individually significant investments, the Group compares the valuation of the most significant equity instruments
against valuations performed by independent experts. </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">F-20 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Any recovery of previously recognized impairment losses for an investment in an equity
instrument classified as available for sale is not recognized in the consolidated income statement, but under the heading &#147; Accumulated other comprehensive income - Items that may be reclassified to profit or loss - Available-for-sale financial
assets&#148; in the consolidated balance sheet (see Note 30). </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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"><I>Equity instruments measured at cost:</I> The impairment losses on equity instruments measured at acquisition cost are
equal to the excess of their carrying amount over the present value of expected future cash flows discounted at the market rate of return for similar equity instruments. In order to determine these impairment losses, save for better evidence, an
assessment of the equity of the investee is carried out (excluding Accumulated other comprehensive income due to cash flow hedges) based on the last approved (consolidated) balance sheet, adjusted by the unrealized gains at measurement date.
</P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Impairment losses are recognized in the consolidated income statement for the year in which they arise as a direct
reduction of the cost of the instrument. These impairment losses may only be recovered subsequently in the event of the sale of these assets. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">2.2.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Transfers and derecognition of financial assets and liabilities </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The accounting treatment of transfers of financial assets is determined by the form in which risks and benefits associated with the financial assets
involved are transferred to third parties. Thus the financial assets are only derecognized from the consolidated balance sheet when the cash flows that they generate are extinguished, when their implicit risks and benefits have been substantially
transferred to third parties or when the control of financial asset is transferred even with no physical transfer or substantial retention of such assets. In the latter case, the financial asset transferred is derecognized from the consolidated
balance sheet, and any right or obligation retained or created as a result of the transfer is simultaneously recognized. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Similarly, financial
liabilities are derecognized from the consolidated balance sheet only if their obligations are extinguished or acquired (with a view to subsequent cancellation or renewed placement). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Group is considered to have transferred substantially all the risks and benefits if such risks and benefits account for the majority of the risks
and benefits involved in ownership of the transferred financial assets. If substantially all the risks and benefits associated with the transferred financial asset are retained: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 transferred financial asset is not derecognized from the consolidated balance sheet and continues to be measured
using the same criteria as those used before the transfer. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">A financial liability is recognized at the amount equal to the amount received, which is subsequently measured at
amortized cost or fair value with changes in the income statement, whichever the case. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Both the income generated on the transferred (but not derecognized) financial asset and the expenses of the new
financial liability continue to be recognized. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">2.2.3</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Financial guarantees </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Financial guarantees are considered to be those contracts that require their issuer to make specific payments to reimburse the holder of the financial
guarantee for a loss incurred when a specific borrower breaches its payment obligations on the terms &#150; whether original or subsequently modified &#150; of a debt instrument, irrespective of the legal form it may take. Financial guarantees may
take the form of a deposit, bank guarantee, insurance contract or credit derivative, among others. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In their initial recognition, financial
guarantees are recognized as liabilities in the consolidated balance sheet at fair value, which is generally the present value of the fees, commissions and interest receivable from these contracts over the term thereof, and the Group simultaneously
recognize a corresponding asset in the consolidated balance sheet for the amount of the fees and commissions received at the inception of the transactions and the amounts receivable at the present value of the fees, commissions and interest
outstanding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Financial guarantees, irrespective of the guarantor, instrumentation or other circumstances, are reviewed periodically so as to
determine the credit risk to which they are exposed and, if appropriate, to consider whether a provision is required for them. The credit risk is determined by application of criteria similar to those established for quantifying impairment losses on
debt instruments measured at amortized cost (see Note 2.2.1). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The provisions recognized for financial guarantees considered impaired are recognized
under the heading &#147;Provisions - Provisions for contingent risks and commitments&#148; on the liability side in the consolidated balance sheets (see Note 24). These provisions are recognized and reversed with a charge or credit, respectively; to
&#147;Provisions or reversal of provision&#148; in the consolidated income statements (see Note 46). </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">F-21 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Income from financial guarantees is recorded under the heading &#147;Fee and commission income&#148; in the
consolidated income statement and is calculated by applying the rate established in the related contract to the nominal amount of the guarantee (see Note 40). </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">2.2.4</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Non-current assets and disposal groups held for sale and liabilities included in disposal groups
classified as held for sale </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The heading &#147;Non-current assets and disposal groups held for sale and liabilities
included in disposal groups classified as held for sale&#148; in the consolidated balance sheets includes the carrying amount of assets that are not part of the BBVA Group&#146;s operating activities. The recovery of this carrying amount is expected
to take place through the price obtained on its disposal (see Note 21). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">This heading includes individual items and groups of items (&#147;disposal
groups&#148;) and disposal groups that form part of a major operating segment and are being held for sale as part of a disposal plan (&#147;discontinued operations&#148;). The individual items include the assets received by the subsidiaries from
their debtors, in full or partial settlement of the debtors&#146; payment obligations (assets foreclosed or donated in repayment of debt and recovery of lease finance transactions), unless the Group has decided to make continued use of these assets.
The BBVA Group has units that specialize in real estate management and the sale of this type of asset. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Symmetrically, the heading &#147;Liabilities
included in disposal groups classified as held for sale&#148; in the consolidated balance sheets reflects the balances payable arising from disposal groups and discontinued operations. Profit or loss from non-current assets and disposal groups
classified as held for sale are generally measured, at the acquisition date and at any later date deemed necessary, at either their carrying amount or the fair value of the property (less costs to sell), whichever is lower. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the case of real estate assets foreclosed or received in payment of debts, they are initially recognized at the lower of: the restated carrying
amount of the financial asset and the fair value at the time of the foreclosure or receipt of the asset less estimated sales costs. The carrying amount of the financial asset is updated at the time of the foreclosure, treating the real property
received as a secured collateral and taking into account the credit risk coverage that would correspond to it according to its classification prior to the delivery. For these purposes, the collateral will be valued at its current fair value (less
sale costs) at the time of foreclosure. This carrying amount will be compared with the previous carrying amount and the difference will be recognized as a provision increase, if applicable. On the other hand, the fair value of the foreclosed asset
is obtained by appraisal, evaluating the need to apply a discount on the asset derived from the specific conditions of the asset or the market situation for these assets, and in any case, deducting the company&#146;s estimated sale costs. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">At the time of the initial recognition, these real estate assets foreclosed or received in payment of debts, classified as &#147;Non-current assets and
disposal groups held for sale and liabilities included in disposal groups classified as held for sale&#148; are valued at the lower of: their restated fair value less estimated sale costs and their carrying amount; a deterioration or impairment
reversal can be recognized for the difference if applicable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Non-current assets and disposal groups held for sale groups classified as held for
sale are not depreciated while included under this heading. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Fair value of non-current assets and disposable instruments held for sale from
foreclosures or recoveries is based, mainly, in appraisals or valuations made by independent experts&nbsp;on a yearly based or less should there be evidence of impairment. Gains and losses generated on the disposal of assets and liabilities
classified as non-current held for sale, and liabilities included in disposal groups classified as held for sale as well as impairment losses and, where pertinent, the related recoveries, are recognized in &#147;Profit or (-) loss from non-current
assets and disposal groups classified as held for sale not qualifying as discontinued operations&#148; in the consolidated income statement (see Note 50). The remaining income and expense items associated with these assets and liabilities are
classified within the relevant consolidated income statement headings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Income and expenses for discontinued operations, whatever their nature,
generated during the year, even if they have occurred before their classification as discontinued operations, are presented net of the tax effect as a single amount under the heading &#147;Profit from discontinued operations&#148; in the
consolidated income statement, whether the business remains on the balance sheet or is derecognized from the balance sheet. As long as an asset remains in this category, it will not be amortized. This heading includes the earnings from their sale or
other disposal. </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">F-22 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">2.2.5</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Tangible assets </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Property, plant and equipment for own use </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">This heading includes the assets under ownership or acquired under lease finance, intended for future or current use by the BBVA Group and that it
expects to hold for more than one year. It also includes tangible assets received by the consolidated entities in full or partial settlement of financial assets representing receivables from third parties and those assets expected to be held for
continuing use. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Property, plant and equipment for own use are presented in the consolidated balance sheets at acquisition cost, less any
accumulated depreciation and, where appropriate, any estimated impairment losses resulting from comparing this net carrying amount of each item with its corresponding recoverable amount. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Depreciation is calculated using the straight-line method, on the basis of the acquisition cost of the assets less their residual value; the land on
which the buildings and other structures stand is considered to have an indefinite life and is therefore not depreciated. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The tangible asset
depreciation charges are recognized in the accompanying consolidated income statements under the heading &#147;Depreciation&#148; (see Note 45) and are based on the application of the following depreciation rates (determined on the basis of the
average years of estimated useful life of the various assets): </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="65%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc">Type of Assets</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc">Annual&nbsp;Percentage</FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Buildings for own use</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">1% - 4%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Furniture</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">8% - 10%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Fixtures</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">6% - 12%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Office supplies and hardware</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">8% - 25%</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The BBVA Group&#146;s criteria for determining the recoverable amount of these assets, in particular buildings for own
use, is based on independent appraisals that are no more than 3-5 years old at most, unless there are indications of impairment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">At each reporting
date, the Group entities analyze whether there are internal or external indicators that a tangible asset may be impaired. When there is evidence of impairment, the Group analyzes whether this impairment actually exists by comparing the asset&#146;s
net carrying amount with its recoverable amount (as the higher between its recoverable amount less disposal costs and its value in use). When the carrying amount exceeds the recoverable amount, the carrying amount is written down to the recoverable
amount and depreciation charges going forward are adjusted to reflect the asset&#146;s remaining useful life. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Similarly, if there is any indication
that the value of a tangible asset has been recovered, the consolidated entities will estimate the recoverable amounts of the asset and recognize it in the consolidated income statement, recording the reversal of the impairment loss registered in
previous years and thus adjusting future depreciation charges. Under no circumstances may the reversal of an impairment loss on an asset raise its carrying amount above that which it would have if no impairment losses had been recognized in prior
years. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Running and maintenance expenses relating to tangible assets held for own use are recognized as an expense in the year they are incurred and
recognized in the consolidated income statements under the heading &#147;Administration costs - Other administrative expenses - Property, fixtures and equipment&#148; (see Note 44.2). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other assets leased out under an operating lease </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The criteria used to recognize the acquisition cost of assets leased out under operating leases, to calculate their depreciation and their respective
estimated useful lives and to recognize the impairment losses on them, are the same as those described in relation to tangible assets for own use. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">Investment properties </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The heading &#147;Tangible assets - Investment properties&#148; in the consolidated balance sheets
reflects the net values (purchase cost minus the corresponding accumulated depreciation and, if appropriate, estimated impairment losses) of the land, buildings and other structures that are held either to earn rentals or for capital appreciation
through sale and that are neither expected to be sold off in the ordinary course of business nor are destined for own use (see Note 17). </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">F-23 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The criteria used to recognize the acquisition cost of investment properties, calculate their depreciation
and their respective estimated useful lives and recognize the impairment losses on them, are the same as those described in relation to tangible assets held for own use. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The BBVA Group&#146;s criteria for determining the recoverable amount of these assets is based on independent appraisals that are no more than one year
old at most, unless there are indications of impairment. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">2.2.6</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Inventories </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The balance under the heading &#147;Other assets - Inventories&#148; in the consolidated balance sheets mainly includes the land and other properties
that the BBVA Group&#146;s real estate entities hold for development and sale as part of their real estate development activities (see Note 20). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The cost of inventories includes those costs incurred in during their acquisition and development, as well as other direct and indirect costs incurred
in getting them to their current condition and location. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the case of the cost of real-estate assets accounted for as inventories, the cost is
comprised of: the acquisition cost of the land, the cost of urban planning and construction, non-recoverable taxes and costs corresponding to construction supervision, coordination and management. Borrowing cost incurred during the year form part of
cost, provided that the inventories require more than a year to be in a condition to be sold. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Properties purchased from customers in distress,
which the Group manages for sale, are measured at the acquisition date and any subsequent time, at either their related carrying amount or the fair value of the property (less costs to sell), whichever is lower. The carrying amount at acquisition
date of these properties is defined as the balance pending collection on those assets that originated said purchases (net of provisions). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Impairment </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amount of any
subsequent adjustment due to inventory valuation for reasons such as damage, obsolescence, reduction in sale price to its net realizable value, as well as losses for other reasons and, if appropriate, subsequent recoveries of value up to the limit
of the initial cost value, are registered under the heading &#147; Impairment or (-) reversal of impairment on non-financial assets &#147; in the accompanying consolidated income statements (see Note 48) for the year in which they are incurred. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the case of real-Estate assets above mentioned, if the fair value less costs to sell is lower than the carrying amount of the loan recognized in the
consolidated balance sheet, a loss is recognized under the heading &#147;Impairment or (-) reversal of impairment on non-financial assets&#148; in the consolidated income statement for the period (see Note 48). In the case of real-estate assets
accounted for as inventories, the BBVA Group&#146;s criterion for determining their net realizable value is mainly based on independent appraisals no more than one year old, or less if there are indications of impairment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Inventory sales </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In sale transactions,
the carrying amount of inventories is derecognized from the consolidated balance sheet and recognized as an expense under the income statement heading &#147;Other operating expenses &#150; Changes in inventories&#148; in the year in which the income
from its sale is recognized. This income is recognized under the heading &#147;Other operating income &#150; Financial income from non-financial services&#148; in the consolidated income statements (see Note 42). </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">2.2.7</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Business combinations </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">A business combination is a transaction, or any other deal, by which the Group obtains control of one or more businesses. It is accounted for by
applying the acquisition method. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">According to this method, the acquirer has to recognize the assets acquired and the liabilities and contingent
liabilities assumed, including those that the acquired entity had not recognized in the accounts. The method involves the measurement of the consideration received for the business combination and its allocation to the assets, liabilities and
contingent liabilities measured according to their fair value, at the purchase date, as well as the recognition of any non-controlling participation (minority interests) that may arise from the transaction. </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">F-24 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In a business combination achieved in stages, the acquirer shall remeasure its previously held equity
interest in the acquiree at its acquisition-date fair value and recognize the resulting gain or loss, if any, in profit or loss under the heading &#147;Gains (losses) on derecognized of non-financial assets and subsidiaries, net&#148; of the
Consolidated Income Statements. In prior reporting periods, the acquirer may have recognized changes in the value of its equity interest in the acquiree in other comprehensive income. If so, the amount that was recognized in other comprehensive
income shall be recognized on the same basis as would be required if the acquirer had disposed directly of the previously held equity interest. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In
addition, the acquirer shall recognize an asset in the consolidated balance sheet under the heading &#147;Intangible asset - Goodwill&#148; if on the acquisition date there is a positive difference between: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 sum of the consideration transferred, the amount of all the non-controlling interests and the fair value of stock
previously held in the acquired business; and </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 the assets acquired and liabilities assumed. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">If this difference is negative, it shall be recognized directly in the income statement under the heading &#147;Gain on Bargain Purchase in business
combinations&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Non-controlling interests in the acquired entity may be measured in two ways: either at their fair value; or at the
proportional percentage of net assets identified in the acquired entity. The method of valuing non-controlling interest may be elected in each business combination. So far, the BBVA Group has always elected for the second method. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">2.2.8</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Intangible assets </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Goodwill </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Goodwill represents a
portion of consideration transferred in advance by the acquiring entity for the future economic benefits from assets that cannot be individually identified and separately recognized. Goodwill is never amortized. It is subject periodically to an
impairment analysis, and is written off if it is clear that there has been impairment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Goodwill is assigned to one or more cash-generating units
that expect to be the beneficiaries of the synergies derived from the business combinations. The cash-generating units represent the Group&#146;s smallest identifiable asset groups that generate cash flows for the Group and that are largely
independent of the flows generated from the Group&#146;s other assets or groups of assets. Each unit or units to which goodwill is allocated: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">is the lowest level at which the entity manages goodwill internally; </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">is not larger than an operating segment. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The cash-generating units to which goodwill has been allocated are tested for impairment (including the allocated goodwill in their carrying amount).
This analysis is performed at least annually or more frequently if there is any indication of impairment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">For the purpose of determining the
impairment of a cash-generating unit to which a part of goodwill has been allocated, the carrying amount of that cash-generating unit, adjusted by the theoretical amount of the goodwill attributable to the non-controlling interests, in the event
they are not valued at fair value, is compared with its recoverable amount. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The recoverable amount of a cash-generating unit is equal to the fair
value less sale costs and its value in use, whichever is greater. Value in use is calculated as the discounted value of the cash flow projections that the unit&#146;s management estimates and is based on the latest budgets approved for the coming
years. The main assumptions used in its calculation are: a sustainable growth rate to extrapolate the cash flows indefinitely, and the discount rate used to discount the cash flows, which is equal to the cost of the capital assigned to each
cash-generating unit, and equivalent to the sum of the risk-free rate plus a risk premium inherent to the cash-generating unit being evaluated for impairment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">If the carrying amount of the cash-generating unit exceeds the related recoverable amount, the Group recognizes an impairment loss; the resulting loss
is apportioned by reducing, first, the carrying amount of the goodwill allocated to that unit and, second, if there are still impairment losses remaining to be recognized, the carrying amount of the remainder of the assets. This is done by
allocating the remaining loss in proportion to the carrying amount of each of the assets in the unit. In the event the non-controlling interests are measured at fair value, the deterioration of goodwill attributable to non-controlling interests will
be recognized. In any case, an impairment loss recognized for goodwill shall not be reversed in a subsequent period. </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">F-25 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">They are recognized under the heading &#147;Impairment or (-) reversal of impairment on non-financial
assets &#150; Intangible assets&#148; in the consolidated income statements (see Note 48). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other intangible assets </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These assets may have an indefinite useful life if, based on an analysis of all relevant factors, it is concluded that there is no foreseeable limit to
the period over which the asset is expected to generate net cash flows for the consolidated entities. In all other cases they have a finite useful life. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Intangible assets with a finite useful life are amortized according to the duration of this useful life, using methods similar to those used to
depreciate tangible assets. The defined useful time intangible asset is made up mainly of IT applications acquisition costs which have a useful life of 3 to 5 years. The depreciation charge of these assets is recognized in the accompanying
consolidated income statements under the heading &#147;Depreciation&#148; (see Note 45). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The consolidated entities recognize any impairment loss on
the carrying amount of these assets with charge to the heading &#147;Impairment or (-) reversal of impairment on non - financial assets- Intangible assets&#148; in the accompanying consolidated income statements (see Note 48). The criteria used to
recognize the impairment losses on these assets and, where applicable, the recovery of impairment losses recognized in prior years, are similar to those used for tangible assets. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">2.2.9</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Insurance and reinsurance contracts </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The assets of the BBVA Group&#146;s insurance subsidiaries are recognized according to their nature under the corresponding headings of the consolidated
balance sheets and the initial recognition and valuation is carried out according to the criteria set out in IFRS 4. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The heading &#147;Reinsurance
assets&#148; in the accompanying consolidated balance sheets includes the amounts that the consolidated insurance subsidiaries are entitled to receive under the reinsurance contracts entered into by them with third parties and, more specifically,
the share of the reinsurer in the technical provisions recognized by the consolidated insurance subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The heading &#147;Liabilities under
insurance contracts&#148; in the accompanying consolidated balance sheets includes the technical provisions for direct insurance and inward reinsurance recognized by the consolidated insurance subsidiaries to cover claims arising from insurance
contracts in force at period-end (see Note 23). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The income or expenses reported by the BBVA Group&#146;s consolidated insurance subsidiaries on
their insurance activities is recognized, in accordance with their nature, in the corresponding items of the consolidated income statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The
consolidated insurance entities of the BBVA Group recognize the amounts of the premiums written to the income statement and a charge for the estimated cost of the claims that will be incurred at their final settlement to their consolidated income
statements. At the close of each year the amounts collected and unpaid, as well as the costs incurred and unpaid, are accrued. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The most significant
provisions registered by consolidated insurance entities with respect to insurance policies issued by them are set out by their nature in Note 23. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">According to the
type of product, the provisions may be 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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Life insurance provisions: </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL">Represents the value of the net obligations undertaken with the life insurance policyholder. These provisions include: </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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Provisions for unearned premiums. These are intended for the accrual, at the date of calculation, of the premiums
written. Their balance reflects the portion of the premiums received until the closing date that has to be allocated to the period from the closing date to the end of the insurance policy period. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Mathematical reserves: Represents the value of the life insurance obligations of the insurance entities at year-end, net
of the policyholder&#146;s obligations, arising from life insurance contracted. </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">F-26 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Non-life insurance provisions: </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Provisions for unearned premiums. These provisions are intended for the accrual, at the date of calculation, of the
premiums written. Their balance reflects the portion of the premiums received until year-end that has to be allocated to the period between the year-end and the end of the policy period. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Provisions for unexpired risks: The provision for unexpired risks supplements the provision for unearned premiums by the
amount by which that provision is not sufficient to reflect the assessed risks and expenses to be covered by the consolidated insurance subsidiaries in the policy period not elapsed at year-end. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Provision for claims: </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">This reflects the total amount of the outstanding obligations arising from claims incurred prior to year-end. Insurance subsidiaries
calculate this provision as the difference between the total estimated or certain cost of the claims not yet reported, settled or paid, and the total amounts already paid in relation to these claims. </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Provision for bonuses and rebates: </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">This provision includes the amount of the bonuses accruing to policyholders, insurees or beneficiaries and the premiums to be returned to
policyholders or insurees, as the case may be, based on the behavior of the risk insured, to the extent that such amounts have not been individually assigned to each of them. </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Technical provisions for reinsurance ceded: </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Calculated by applying the criteria indicated above for direct insurance, taking account of the assignment conditions established in the
reinsurance contracts in force. </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Other technical provisions: </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Insurance entities have recognized provisions to cover the probable mismatches in the market reinvestment interest rates with respect to
those used in the valuation of the technical provisions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The BBVA Group controls and monitors the exposure of the insurance subsidiaries to
financial risk and, to this end, uses internal methods and tools that enable it to measure credit risk and market risk and to establish the limits for these risks. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">2.2.10</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Tax assets and liabilities </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Expenses on corporate income tax applicable to the BBVA Group&#146;s Spanish entities and on similar income taxes applicable to consolidated foreign
entities are recognized in the consolidated income statement, except when they result from transactions on which the profits or losses are recognized directly in equity, in which case the related tax effect is also recognized in equity. The total
corporate income tax expense is calculated by aggregating the current tax arising from the application of the corresponding tax rate to the tax for the year (after deducting the tax credits or discounts allowable for tax purposes) and the change in
deferred tax assets and liabilities recognized in the consolidated income statement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Deferred tax assets and liabilities include temporary
differences, defined as the amounts to be payable or recoverable in future years arising from the differences between the carrying amount of assets and liabilities and their tax bases (the &#147;tax value&#148;), and tax loss and tax credit or
discount carry forwards (see Note 19). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The &#147;Tax Assets&#148; line item in the accompanying consolidated balance sheets includes the amount of
all the assets of a tax nature, and distinguishes between: &#147;Current&#148; (amounts recoverable by tax in the next twelve months) and &#147;Deferred&#148; (which includes the amount of tax to be recovered in future years, including those arising
from tax losses or credits for deductions or rebates that can be compensated). The &#147;Tax Liabilities&#148; line item in the accompanying consolidated balance sheets includes the amount of all the liabilities of a tax nature, except for
provisions for taxes, broken down into: &#147;Current&#148; (income tax payable on taxable profit for the year and other taxes payable in the next twelve months) and &#147;Deferred&#148; (the amount of corporate tax payable in subsequent years).
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Deferred tax liabilities attributable to taxable temporary differences associated with investments in subsidiaries, associates or joint venture
entities are recognized as such, except where the Group can control the timing of the reversal of the temporary difference and it is unlikely that it will reverse in the future. Deferred tax assets are recognized to the extent that it is considered
probable that the consolidated entities will have sufficient taxable profits in the future against which the deferred tax assets can be utilized and are not from the initial recognition (except in the case of a business combination) of other assets
or liabilities in a transaction that does not affect the fiscal outcome or the accounting result. </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">F-27 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The deferred tax assets and liabilities recognized are reassessed by the consolidated entities at each
balance sheet date in order to ascertain whether they are still current, and the appropriate adjustments are made on the basis of the findings of the analyses performed. In those circumstances in which it is unclear how a specific requirement of the
tax law applies to a particular transaction or circumstance, and the acceptability of the definitive tax treatment depends on the decisions taken by the relevant taxation authority in future, the entity recognizes current and deferred tax
liabilities and assets considering whether it is probable or not that a taxation authority will accept an uncertain tax treatment. Thus, if the entity concludes that it is not probable that the taxation authority will accept an uncertain tax
treatment, the entity uses the amount expected to be paid to (recovered from) the taxation authorities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The income and expenses directly recognized
in equity that do not increase or decrease taxable income are accounted for as temporary differences. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">2.2.11</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Provisions, contingent assets and contingent liabilities </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The heading &#147;Provisions&#148; in the consolidated balance sheets includes amounts recognized to cover the BBVA Group&#146;s current obligations
arising as a result of past events. These are certain in terms of nature but uncertain in terms of amount and/or settlement date. The settlement of these obligations is deemed likely to entail an outflow of resources embodying economic benefits (see
Note 24). The obligations may arise in connection with legal or contractual provisions, valid expectations formed by Group entities relative to third parties in relation to the assumption of certain responsibilities or through virtually certain
developments of particular aspects of the regulations applicable to the operation of the entities; and, specifically, future legislation to which the Group will certainly be subject. The provisions are recognized in the consolidated balance sheets
when each and every one of the following requirements is met: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">They represent a current obligation that has arisen from a past event; </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">At the date referred to by the consolidated financial statements, there is more probability that the obligation will
have to be met than that it will not; </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">It is probable that an outflow of resources embodying economic benefits will be required to settle the obligation; and
</P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 amount of the obligation can be reasonably estimated. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Among other items, these provisions include the commitments made to employees by some of the Group entities (mentioned in Note 2.2.12), as well as
provisions for tax and legal litigation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Contingent assets are possible assets that arise from past events and whose existence is conditional on,
and will be confirmed only by, the occurrence or non-occurrence of events beyond the control of the Group. Contingent assets are not recognized in the consolidated balance sheet or in the consolidated income statement; however, they will be
disclosed, should they exist, in the Notes to the consolidated financial statements, provided that it is probable that these assets will give rise to an increase in resources embodying economic benefits. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Contingent liabilities are possible obligations of the Group that arise from past events and whose existence is conditional on the occurrence or
non-occurrence of one or more future events beyond the control of the Group. They also include the existing obligations of the Group when it is not probable that an outflow of resources embodying economic benefits will be required to settle them; or
when, in extremely rare cases, their amount cannot be measured with sufficient reliability. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Contingent liabilities are not recognized in the
consolidated balance sheet or the income statement (excluding contingent liabilities from business combination) but are reported in the 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">F-28 </P>


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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">2.2.12</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Pensions and other post-employment commitments </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Below we provide a description of the most significant accounting criteria relating to post-employment and other employee benefit commitments assumed by
BBVA Group entities (see Note 25). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Short-term employee benefits </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Benefits for current active employees which are accrued and settled during the year and for which a provision is not required in the entity&acute;s
accounts. These include wages and salaries, social security charges and other personnel expenses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Costs are charged and recognized under the
heading &#147;Administration costs &#150; Personnel expenses &#150; Other personnel expenses&#148; of the consolidated income statement (see Note 44.1). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">Post-employment benefits &#150; Defined-contribution plans </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Group sponsors defined-contribution plans for the majority
of its active employees. The amount of these benefits is established as a percentage of remuneration and/or as a fixed amount. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The contributions
made to these plans in each period by BBVA Group entities are charged and recognized under the heading &#147;Administration costs &#150; Personnel expenses &#150; Defined-contribution plan expense&#148; of the consolidated income statement (see Note
44.1). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Post-employment benefits &#150; Defined-benefit plans </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Some Group entities maintain pension commitments with employees who have already retired or taken early retirement, certain closed groups of active
employees still accruing defined benefit pensions, and in-service death and disability benefits provided to most active employees. These commitments are covered by insurance contracts, pension funds and internal provisions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In addition, some of the Spanish entities have offered certain employees the option to retire before their normal retirement age, recognizing the
necessary provisions to cover the costs of the associated benefit commitments, which include both the liability for the benefit payments due as well as the contributions payable to external pension funds during the early retirement period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Furthermore, certain Group entities provide welfare and medical benefits which extend beyond the date of retirement of the employees entitled to the
benefits. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">All of these commitments are quantified based on actuarial valuations, with the amounts recorded under the heading &#147;Provisions
&#150; Provisions for pensions and similar obligations&#148; and determined as the difference between the value of the defined-benefit commitments and the fair value of plan assets at the date of the consolidated financial statements (see Note 25).
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Current service cost are charged and recognized under the heading &#147;Administration costs &#150; Personnel expenses &#150; Defined-benefit plan
expense&#148; of the consolidated income statement (see Note 44.1). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Interest credits/charges relating to these commitments are charged and
recognized under the headings &#147;Interest income&#148; and &#147;Interest expense&#148; of the consolidated income statement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Past service costs
arising from benefit plan changes as well as early retirements granted during the period are recognized under the heading &#147;Provisions or reversals of provisions&#148; of the consolidated income statement (see Note 46). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other long-term employee benefits </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In
addition to the above commitments, certain Group entities provide long service awards to their employees, consisting of monetary amounts or periods of vacation granted upon completion of a number of years of qualifying service. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These commitments are quantified based on actuarial valuations and the amounts recorded under the heading &#147;Provisions &#150; Other long-term
employee benefits&#148; of the consolidated balance sheet (see Note 24). </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">F-29 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Valuation of commitments: actuarial assumptions and recognition of gains/losses </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The present value of these commitments is determined based on individual member data. Active employee costs are determined using the &#147;projected
unit credit&#148; method, which treats each period of service as giving rise to an additional unit of benefit and values each unit separately. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">In establishing the
actuarial assumptions we taken into account that: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">&#149;</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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;They should be unbiased, i.e. neither unduly
optimistic nor excessively conservative. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#009ee5">&#149;</FONT>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;They should be mutually compatible and adequately reflect the existing relationship between economic variables such as price inflation, expected
wage increases, discount rates and the expected return on plan assets, etc. Future wage and benefit levels should be based on market expectations, at the balance sheet date, for the period over which the obligations are to be settled. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#009ee5">&#149;</FONT>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The interest rate used to discount benefit commitments is determined by reference to market yields, at the balance sheet date, on high quality
bonds. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The BBVA Group recognizes actuarial gains/losses relating to early retirement benefits, long service awards and other similar items under
the heading &#147;Provisions or reversal of provisions&#148; of the consolidated income statement for the period in which they arise (see Note 46). Actuarial gains/losses relating to pension and medical benefits are directly charged and recognized
under the heading &#147;Accumulated other comprehensive income &#150; Items that will not be reclassified to profit or loss &#150; Actuarial gains or (-) losses on defined benefit pension plans&#148; of equity in the consolidated balance sheet (see
Note 30). </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">2.2.13</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Equity-settled share-based payment transactions </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Provided they constitute the delivery of such equity instruments following the completion of a specific period of services, equity-settled share-based
payment transactions are recognized as an expense for services being provided by employees, by way of a balancing entry under the heading &#147;Shareholders&#146; equity &#150; Other equity&#148; in the consolidated balance sheet. These services are
measured at fair value for the employees services received, unless such fair value cannot be calculated reliably. In such case, they are measured by reference to the fair value of the equity instruments granted, taking into account the date on which
the commitments were granted and the terms and other conditions included in the commitments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">When the initial compensation agreement includes what
may be considered market conditions among its terms, any changes in these conditions will not be reflected in the consolidated income statement, as these have already been accounted for in calculating the initial fair value of the equity
instruments. Non-market vesting conditions are not taken into account when estimating the initial fair value of equity instruments, but they are taken into account when determining the number of equity instruments to be issued. This will be
recognized on the consolidated income statement with the corresponding increase in total equity. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">2.2.14</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Termination benefits </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Termination benefits are recognized in the accounts when the BBVA Group agrees to terminate employment contracts with its employees and has established
a detailed plan. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">2.2.15</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Treasury stock </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The value of common stock issued by the BBVA Group&#146;s entities and held by them - basically, shares and derivatives on the Bank&#146;s shares held
by some consolidated entities that comply with the requirements to be recognized as equity instruments - are recognized as a decrease to net equity, under the heading &#147;Shareholders&#146; funds - Treasury stock&#148; in the consolidated balance
sheets (see Note 29). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These financial assets are recognized at acquisition cost, and the gains or losses arising on their disposal are credited or
debited, as appropriate, to the heading &#147;Shareholders&#146; funds - Retained earnings&#148; in the consolidated balance sheets (see Note 28). </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">2.2.16</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Foreign-currency transactions and exchange differences </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The BBVA Group&#146;s functional currency, and thus the currency in which the consolidated financial statements are presented, is the euro. Thus, all
balances and transactions denominated in currencies other than the euro are deemed to be denominated in &#147;foreign currency&#148;. </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">F-30 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Conversion to euros of the balances held in foreign currency is performed in two consecutive stages: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Conversion of the foreign currency to the functional currency (currency of the main economic environment in which the
entity operates); and </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Conversion to euros of the balances held in the functional currencies of the entities whose functional currency is not
the euro. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Conversion of the foreign currency to the functional currency </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Transactions denominated in foreign currencies carried out by the consolidated entities (or accounted for using the equity method) are initially
accounted for in their respective currencies. Subsequently, the monetary balances in foreign currencies are converted to their respective functional currencies using the exchange rate at the close of the financial year. In addition, </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Non-monetary items valued at their historical cost are converted to the functional currency at the exchange rate in
force on the purchase date. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Non-monetary items valued at their fair value are converted at the exchange rate in force on the date on which such fair
value was determined. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Income and expenses are converted at the period&#146;s average exchange rates for all the operations carried out during
the period. When applying this criterion the BBVA Group considers whether significant variations have taken place in exchange rates during the financial year which, owing to their impact on the statements as a whole, require the application of
exchange rates as of the date of the transaction instead of such average exchange rates. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The exchange differences produced when
converting the balances in foreign currency to the functional currency of the consolidated entities are generally recognized under the heading &#147;Exchange differences (net)&#148; in the consolidated income statements. However, the exchange
differences in non-monetary items, measured at fair value, are recognized temporarily in equity under the heading &#147;Accumulated other comprehensive income - Items that may be reclassified to profit or loss - Exchange differences&#148; in the
consolidated balance sheets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Conversion of functional currencies to euros </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The balances in the financial statements of consolidated entities whose functional currency is not the euro are converted to euros 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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Assets and liabilities: at the average spot exchange rates as of the date of each of the consolidated financial
statements. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Income and expenses and cash flows are converted by applying the exchange rate in force on the date of the transaction,
and the average exchange rate for the financial year may be used, unless it has undergone significant variations. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Equity items: at the historical exchange rates. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The exchange differences arising from the conversion to euros of balances in the functional currencies of the consolidated entities whose functional
currency is not the euro are recognized under the heading &#147;Accumulated other comprehensive income &#150; Items that may be reclassified to profit or loss - Exchange differences&#148; in the consolidated balance sheets. Meanwhile, the
differences arising from the conversion to euros of the financial statements of entities accounted for by the equity method are recognized under the heading &#147; Accumulated other comprehensive income - Items that may be reclassified to profit or
loss - Entities accounted for using the equity method&#148; until the item to which they relate is derecognized, at which time they are recognized in the income statement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the main consolidated balances in foreign currencies, with reference to the most significant foreign currencies, is set forth in
Appendix VII. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Venezuela </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Local
financial statements of the Group subsidiaries in Venezuela are expressed in Venezuelan Bolivar, and converted into euros for the consolidated financial statements, as indicated below, since Venezuela is a country with strong exchange restrictions
and has different rates officially published: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">On February&nbsp;10, 2015, the Venezuelan government announced the creation of a new foreign-currency system called
SIMADI. </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">F-31 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 Group used the SIMADI exchange rate from March 2015 for the conversion of the financial statements of the Group
companies located in Venezuela for their consolidated financial statements. The SIMADI exchange rate started to reflect the exchange rate of actual transactions increasing rapidly to approximately 200 Venezuelan bolivars per U,S. dollar
(approximately 218 Venezuelan bolivars per euro), however, from May, and during the second half of 2015 the trend was confirmed, the SIMADI exchange rate had hardly fluctuated, reaching as of December&nbsp;31, 2015 216.3 Venezuelan bolivars per
euro, which could be considered unrepresentative of the convertibility of the Venezuelan currency. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">In February 2016, the Venezuelan government approved a new exchange rate agreement which sets two new mechanisms that
regulate the purchase and sale of foreign currency (DIRCOM) and the&nbsp;suspension of the SIMADI exchange rate. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">As of December&nbsp;31, 2015 and 2016, the Board of Directors considers that the use of the new exchanges rates and,
previously, SIMADI for converting bolivars into euros in preparing the consolidated financial statements does not reflect the true picture of the financial statements of the Group and the financial position of the Group subsidiaries in Venezuela.
</P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Consequently, as of December&nbsp;31, 2015 and 2016, the Group has used in the conversion of the financial statements of
these foreign exchange rates amounting to 469 and 1,893 Venezuelan bolivars per euro, respectively. These exchanges rates have been calculated taking into account the estimated evolution of inflation in Venezuela at those dates (170% and 300%,
respectively) by the Research Service of the Group (see Note 2.2.20). </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The summarized balance sheet and income statements of the
Group subsidiaries in Venezuela, whose local financial statements are expressed in Venezuelan bolivars comparing their conversion to euros with the estimated exchange rate with the balances that would have result by applying the SIMADI exchange
rate, are as follows: </P> <P STYLE="font-size:12pt;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:9pt" ALIGN="center">


<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Million of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Balance sheet December 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Estimated&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>exchange&nbsp;rate&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>DIRCOM&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Variation&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Cash and balances with central banks</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">363</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">971</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">608</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Securities portfolio</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">93</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">248</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">155</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and recievables</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">513</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,371</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">858</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Tangible assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">66</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">177</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">111</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">95</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">59</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TOTAL ASSETS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,070</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,862</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,791</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Deposits from central bank and credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Customer deposits</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">778</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,080</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,302</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Provisions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">57</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">112</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">299</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">187</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TOTAL LIABILITIES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>913</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,441</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,528</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27"></TD>
<TD HEIGHT="27" COLSPAN="12"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Million of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Income statements December 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Estimated&nbsp;&nbsp;&nbsp;&nbsp;<BR>exchange rate&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>DIRCOM&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Variation&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>NET INTEREST ICOME</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>103</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>275</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>172</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>GROSS INCOME</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>52</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>139</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>87</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Administration costs</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">55</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">146</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">91</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>NET OPERATING INCOME</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(3)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(7)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(5)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>OPERATING PROFIT BEFORE TAX</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>31</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>82</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>51</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Tax expense or (-) income related to profit or loss from continuing operation</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">100</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">63</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>PROFIT</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(7)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(19)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(12)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Attributable to minority interest [non-controlling interests]</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(8)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Attributable to owners of the parent</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(10)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">2.2.17</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Recognition of income and expenses </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The most significant criteria used by the BBVA Group to recognize its income and expenses are as follows. </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Interest income and expenses and similar items: </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">F-32 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">As a general rule, interest income and expenses and similar items are recognized on the
basis of their period of accrual using the effective interest rate method. The financial fees and commissions that arise on the arrangement of loans and advances (basically origination and analysis fees) are deferred and recognized in the income
statement over the expected life of the loan. The direct costs incurred in originating these loans and advances can be deducted from the amount of financial fees and commissions recognized. These fees are part of the effective interest rate for the
loans and advances. Also dividends received from other entities are recognized as income when the consolidated entities&#146; right to receive them arises. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">However, when a loan is deemed to be impaired individually or is included in the category of instruments that are impaired because their
recovery is considered to be remote, the recognition of accrued interest in the consolidated income statement is discontinued. This interest is recognized for accounting purposes as income, as soon as it is received. </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Commissions, fees and similar items. </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Income and expenses relating to commissions and similar fees are recognized in the consolidated income statement using criteria that vary
according to the nature of such items. The most significant items in this connection are: </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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&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:10pt">Those relating to financial assets and liabilities measured at fair value through profit or loss, which are recognized
when collected/paid. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&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:10pt">Those arising from transactions or services that are provided over a period of time, which are recognized over the life
of these transactions or services. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&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:10pt">Those relating to single acts, which are recognized when this single act is carried out. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Non-financial income and expenses: </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">These are recognized for accounting purposes on an accrual basis. </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Deferred collections and payments: </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">These are recognized for accounting purposes at the amount resulting from discounting the expected cash flows at market rates. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">2.2.18</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Sales and income from the provision of non-financial services </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The heading &#147;Other operating income&#148; in the consolidated income statements includes the proceeds of the sales of assets and income from the
services provided by the Group entities that are not financial institutions. In the case of the Group, these entities are mainly real estate and service entities (see Note 42). </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">2.2.19</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Leases </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Lease contracts are classified as finance leases from the inception of the transaction, if they substantially transfer all the risks and rewards
incidental to ownership of the asset forming the subject-matter of the contract. Leases other than finance leases are classified as operating leases. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">When the consolidated entities act as the lessor of an asset in finance leases, the aggregate present values of the lease payments receivable from the
lessee plus the guaranteed residual value (normally the exercise price of the lessee&#146;s purchase option on expiration of the lease agreement) are recognized as financing provided to third parties and, therefore, are included under the heading
&#147;Loans and receivables&#148; in the accompanying consolidated balance sheets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">When the consolidated entities act as lessors of an asset in
operating leases, the acquisition cost of the leased assets is recognized under &#147;Tangible assets &#150; Property, plant and equipment &#150; Other assets leased out under an operating lease&#148; in the consolidated balance sheets (see Note
17). These assets are depreciated in line with the criteria adopted for items of tangible assets for own use, while the income arising from the lease arrangements is recognized in the consolidated income statements on a straight-line basis within
&#147;Other operating expenses&#148; (see Note 42). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">If a fair value sale and leaseback results in an operating lease, the profit or loss generated
from the sale is recognized in the consolidated income statement at the time of sale. If such a transaction gives rise to a finance lease, the corresponding gains or losses are accrued over the lease period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The assets leased out under operating lease contracts to other entities in the Group are treated in the consolidated financial statements as for own
use, and thus rental expense and income is eliminated and the corresponding depreciation is recognized. </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">F-33 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">2.2.20</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Entities and branches located in countries with hyperinflationary economies
</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In order to assess whether an economy is under hyperinflation, the country&#146;s economic environment is evaluated,
analyzing whether certain circumstances exist, such as: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 country&#146;s population prefers to keep its wealth or savings in non-monetary assets or in a relatively stable
foreign currency; </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Prices may be quoted in a relatively stable foreign currency; </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Interest rates, wages and prices are linked to a price index; </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 cumulative inflation rate over three years is approaching, or exceeds, 100%. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The fact that any of these circumstances is present will not be a decisive factor in considering an economy hyperinflationary, but it does provide some
reasons to consider it as such. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Since 2009, the economy of Venezuela can be considered hyperinflationary under the above criteria. As a result, the
financial statements of the BBVA Group&#146;s entities located in Venezuela have therefore been adjusted to correct for the effects of inflation in accordance with IAS 29 &#147; Financial Reporting in Hyperinflationary Economies&#148;. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the General Price Index and the inflation index used as of December&nbsp;31, 2016 and 2015 for the inflation restatement of the
financial statements of the Group companies located in Venezuela is as follows: </P> <P STYLE="font-size:12pt;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:9pt" ALIGN="center">


<TR>
<TD WIDTH="84%"></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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>General Price Index</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016&nbsp;(*)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015&nbsp;(**)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GPI</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,431.60</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,357.90</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Average GPI</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,847.74</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,460.50</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Inflation of the period</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">300%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">170%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:18pt;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 style = "page-break-inside:avoid">
<TD WIDTH="3%" 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">As of December&nbsp;31, 2016, the Venezuelan government had not released the official inflation figures since December
2015, as in the Annual Report of 2015, the group estimated the inflation rate applicable at 300%. </P></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 style = "page-break-inside:avoid">
<TD WIDTH="3%" 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">At the date of preparation of these consolidated financial statements in 2015, the Venezuelan government had not released
the official inflation figures. The Group has estimated the inflation rate applicable to December&nbsp;31, 2015, based on the best estimate of BBVA Research of the Group (170%)&nbsp;in line with other estimates made by various international
organizations. Subsequently, at the publication of this Annual Report, the official inflation figures was published, ending at 180.9% </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The losses recognized under the heading &#147;Profit attributable to the parent company&#148; in the accompanying consolidated income statement as a
result of the adjustment for inflation on net monetary position of the Group entities in Venezuela amounted to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>28 and 45&nbsp;million in 2016 and 2015 respectively. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">2.3</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Recent IFRS pronouncements </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#006ec1">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 December&nbsp;31, 2016. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Amended IFRS 11 - &#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. These modifications will be applied to the accounting years starting on or after January&nbsp;1, 2016, although early adoption is permitted. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Amended IAS 16 - &#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: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">F-34 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">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="#006ec1">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="#006ec1">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="#006ec1">Amended IFRS 10 - &#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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></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>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></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>
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<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 non-investment 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:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Standards and
interpretations issued but not yet effective as of December&nbsp;31, 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 December&nbsp;31, 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="#006ec1">IFRS 9 -
&#147;Financial instruments&#148; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of July, 24, 2014, IASB issued the IFRS 9 which will replace IAS 39 and includes a new classification
and assessment requirements of financial assets and liabilities, impairment requirements of financial assets and hedge accounting policy. </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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</FONT></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"><FONT COLOR="#006ec1">Classification and assessment of financial assets and liabilities </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">The classification of financial assets will depend on the company&#146;s business model used for management purposes and the
characteristics of the contractual cash flows, resulting in the measurement of such financial assets at amortized cost, fair value with changes in other comprehensive income and liabilities not measured at fair value through profit or loss, net.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">The combined effect of applying the company&#146;s business model and the characteristics of the contractual cash flows may result
in differences in the stock of financial assets measured at amortized cost or at fair value compared to IAS 39, although the Group does not expect significant changes in this regard. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">With regard to financial liabilities, the classification categories proposed by IFRS 9 are similar to those contained in IAS 39, so
there should not be very significant differences save for the requirement to recognize changes in fair value related to own credit risk as a component of equity, in the case of financial liabilities designated at fair value through profit or loss.
</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">F-35 </P>


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<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"><FONT COLOR="#006ec1">Financial assets impairments </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Impairment requirements will apply to financial assets measured at amortized cost and at fair value through other comprehensive income,
and to lease receivables and certain loan commitments and financial guarantee contracts. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">At initial recognition, an allowance is
required for expected credit losses resulting from default events that may occur within the next 12 months (&#147;12 month expected credit losses&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the event of a significant increase in credit risk, an allowance is required for expected credit losses resulting from all possible
default events over the expected life of the financial instrument (&#147;lifetime expected credit losses&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">The assessment of
whether the credit risk has increased significantly since initial recognition should be performed for each reporting period by considering the change in the risk of default occurring over the remaining life of the financial instrument. The
assessment of credit risk, and the estimation of expected credit losses, should be performed so that they are probability-weighted and unbiased and shall include all available information that is relevant to the assessment, including information
about past events, current conditions and reasonable and supportable expectations of future events and economic conditions at the reporting date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">As a result, the goal is for the recognition and measurement of impairment to be more proactive and forward-looking than under the
current incurred loss model of IAS 39. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Theoretically, an increase in the total level of impairment allowances is expected, since
all financial assets will be assessed for at least 12 month expected credit losses and the population of financial assets to which lifetime expected credit losses will be applied is expected to be larger than the population for which there is
objective evidence of impairment under IAS 39 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
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<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"><FONT COLOR="#006ec1">Hedge accounting </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">IFRS 9 will also affect hedge accounting, because the focus of the Standard is different from that of the current IAS 39, as it tries to
align the accounting requirements with economic risk management. IFRS 9 will also permit to apply hedge accounting to a wider range of risks and hedging instruments. The Standard does not address the accounting for the macro hedging strategies. To
avoid any conflict between the current macro hedge accounting and the new general hedge accounting requirements, IFRS 9 includes an accounting policy choice to continue applying hedge accounting according to IAS 39. </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" ALIGN="justify">During 2015 and 2016, the Group has been analyzing this new Standard and the implications it will have in 2018 on the classification of portfolios and
the valuation models for financial instruments, focusing on impairment loss models for financial assets through expected loss models. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In 2017, the
Group will continue working on the definition of accounting policies, on the implementation of the Standard, which has implications both on the financial statements and on the Group&acute;s daily operations (initial and subsequent risk assessment,
changes in systems, management metrics, etc.), and also on the models used for the presentation of financial statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of the date of
preparation of these Consolidated Financial Statements, the Group does not have an estimation of the quantitative impact that this Standard will have on January&nbsp;1, 2018 when it will come into force. The Group expects to have a parallel
calculation during 2017 in order to have comparative information for the previous year when the Standard comes into effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Amended IFRS 7 -
&#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="#006ec1">IFRS 15 - &#147;Revenue from contracts with
customers&#148; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">IFRS 15 contains the principles that an entity shall apply to account for revenue and cash flows arising from a contract
with a customer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The core principle of IFRS 15 is that a company should recognize revenue to depict the transfer of promised goods or services to
the customer in an amount that reflects the consideration to which the company expects to </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">F-36 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">be entitled in exchange for those goods or services, in accordance with contractually agreed. It is
considered that the good or service is transferred when the customer obtains control over it. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The new Standard replaces IAS 18 - Revenue IAS 11 -
Construction Contracts, IFRIC 13 - Customer Loyalty Programmes, IFRIC 15 - Agreements for the Construction of Real Estate, IFRIC 18 - Transfers of Assets from Customers and SIC 31 &#150; Revenue-Transactions Involving Advertising Services </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="#006ec1">IFRS 15 &#150; &#147;Clarifications to IFRS 15 Revenue from Contracts with Customers&#148; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amendments to the Revenue Standard clarify how some of the underlying principles of the new Standard should be applied. Specifically, they clarify
how to: </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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
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<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">Identify a performance obligation (the promise to transfer a good or a service to a customer) in a contract;
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
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<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">Determine whether a company is a principal (the provider of a good or service) or an agent (responsible for arranging
for the good or service to be provided); and </P></TD></TR></TABLE> <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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#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">Determine whether the revenue from granting a license should be recognized at a point in time or over time.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In addition to the clarifications, the amendments include two additional reliefs to reduce cost and complexity for a company when
it first applies the new Standard. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amendments will be applied at the same time as the IFRS 15, i.e. to the accounting periods beginning on or
after January&nbsp;1, 2018, although early application is permitted. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Amended IFRS 10 &#150; &#147;Consolidated financial statements&#148; and
Amended IAS 28 - &#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 and IAS 28 establish that when an entity
sells or transfers assets are considered a business (including its consolidated subsidiaries) to an associate or joint venture of the entity, the latter will have to recognize any gains or losses derived from such transaction in its entirety.
Notwithstanding, if the assets sold or transferred are not considered a business, the entity will have to recognize the gains or losses derived only to the extent of the interests in the associate or joint venture with unrelated investors. </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="#006ec1">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">The amendments made to IAS 12 clarify the requirements on recognition of deferred tax assets for unrealized losses on debt instruments measured at fair
value. The following aspects are clarified: </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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
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<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">An unrealized loss on a debt instrument measured at fair value gives rise to a deductible temporary difference
regardless of whether the holder expects to recover its carrying amount by holding the debt instrument until maturity or by selling the debt instrument. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
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<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">An entity assesses the utilization of deductible temporary differences in combination with other deductible temporary
differences. In circumstances in which tax laws restricts the utilization of tax losses, an entity would assess a deferred tax asset in combination with other deferred tax assets of the appropriate type. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
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<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">An entity&#146;s estimate of future taxable profit can include amounts from recovering assets for more than their
carrying amounts if there is sufficient evidence to conclude that it is probable that the entity will achieve this. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
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<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">An entity&#146;s estimate of future taxable profit excludes tax deductions resulting from the reversal of deductible
temporary difference. </P></TD></TR></TABLE> <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">F-37 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">IFRS 16 &#150; &#147;Leases&#148; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On January&nbsp;13, 2016 the IASB issued the IFRS 16 which will replace IAS 17. The new standard introduces a single lessee accounting model and will
require a lessee to recognize assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value. A lessee will be required to recognize a right-of&#150;use asset representing its right to use the
underlying leased asset and a lease liability representing its obligation to make lease payments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">With regard to lessor accounting, IFRS 16
substantially carries forward the lessor accounting requirements in IAS 17. Accordingly, a lessor will continue to classify its leases as operating leases or finance leases, and account for those two types of leases differently. </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="#006ec1">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">The amendments to IAS 7 introduce the following new disclosure requirements related to changes in liabilities arising from financing activities, to the
extent necessary to enable users of financial statements to evaluate changes in those liabilities: changes from financing cash flows; changes arising from obtaining or losing control of subsidiaries or other businesses; the effect of changes in
foreign exchange rates; changes in fair values; and other changes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Liabilities arising from financing activities are liabilities for which cash
flows were, or future cash flows will be, classified in the statement of cash flows as cash flows arising from financing activities. Additionally, the disclosure requirements also apply to changes in financial assets if cash flows from those
financial assets were, or future cash flows will be, included in cash flows from financing activities. </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="#006ec1">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">The amendments made to IFRS 2 provide requirements on three different aspects:
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
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<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">When measuring the fair value of a cash-settled share-based payment vesting conditions, other than market conditions,
shall be taken into account by adjusting the number of awards included in the measurement of the liability arising from the transaction. </P></TD></TR></TABLE> <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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
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<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">A transaction in which an entity settles a share-base payment arrangement net by withholding a specified portion of the
equity instruments to meet a statutory tax withholding obligation will be classified as equity settled in its entirety if, without the net settlement feature, the entire share-based payment would otherwise be classified as equity-settled.
</P></TD></TR></TABLE> <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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#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">In case of modification of a share-based payment from cash-settled to equity-settled, the modification will be accounted
for derecognizing the original liability and recognizing in equity the fair value of the equity instruments granted to the extent that services have been rendered up to the modification date; any difference will be recognized immediately in profit
or loss. </P></TD></TR></TABLE> <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="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Amended IFRS 4 &#147;Insurance Contracts&#148; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amendments made to IFRS 4 address the temporary accounting consequences of the different effective dates of IFRS 9 and the forthcoming insurance
contracts Standard, by introducing two optional solutions: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#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"><I>The deferral approach or temporary exemption</I>, that gives entities whose predominant activities are connected with
insurance the option to defer the application of IFRS 9 and continue applying IAS 39 until 2021. </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">F-38 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#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"><I>The overlay approach</I>, that gives all issuers of insurance contracts the option to recognize in other
comprehensive income, rather than profit or loss, the additional accounting volatility that may arise from applying IFRS 9 compared to applying IAS 39 before applying the forthcoming insurance contracts Standard. </P></TD></TR></TABLE>
<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="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Annual improvements cycle to IFRSs 2014-2016 </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The annual improvements cycle to IFRSs 2014-2016 includes minor changes and clarifications to IFRS 1- Frist-time Adoption of International Financial
Reporting Standards, IFRS 12 &#150; Disclosure of Interests in Other Entities and IAS 28 &#150; Investments in Associates and Joint Ventures. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Amendments to IFRS 1 and IAS 28 will be applied to the accounting periods beginning on or after January&nbsp;1, 2018, although early application is
permitted to amendments to IAS 28. Amendments to IFRS 12 will be applied to the accounting periods beginning on or after January&nbsp;1, 2017. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">IFRIC 22- Foreign Currency Transactions and Advance Consideration </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Interpretation addresses how to determine the date of the transaction, and thus, the exchange rate to use to translate the related asset, expense or
income on initial recognition, in circumstances in which a non-monetary prepayment asset or a non-monetary deferred income liability arising from the payment or receipt of advance consideration is recognized in advance of the related asset, income
or expense. It requires that the date of the transaction will be the date on which an entity initially recognizes the non-monetary asset or non-monetary liability. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">If there are multiple payments or receipts in advance, the entity shall determine a date of the transaction for each payment or receipt of advance
consideration. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The interpretation will be applied to the accounting periods beginning on or after January&nbsp;1, 2018, although early application
is permitted. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Amended IAS 40 &#150; Investment Property </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amendment states that an entity shall transfer a property to, or from, investment property when, and only when, there is evidence of a change in
use. A change in use occurs when the property meets, or ceases to meet, the definition of investment property. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amendments will be applied to
the accounting periods beginning on or after January&nbsp;1, 2018, although early adoption is allowed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#006ec1"><A NAME="fin368256_9"></A>3. BBVA
Group </FONT></P> <P STYLE="margin-top:12pt; 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 provide relevant information as of December&nbsp;31, 2016 on the Group&#146;s subsidiaries, consolidated structured entities, and investments in associate entities and joint venture entities. Appendix III shows the main changes in investments for
the year ended December&nbsp;31, 2015, and Appendix IV gives details of the consolidated subsidiaries and which, based on the information available, are more than 10% owned by non-Group shareholders as of December&nbsp;31, 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">F-39 </P>


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<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The following table sets forth information related to the Group&#146;s total assets as of December&nbsp;31,
2016, 2015 and 2014, broken down by the Group&#146;s entities according to their activity: </P> <P STYLE="font-size:12pt;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:9pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Contribution to Consolidated Group Total Assets.</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Entities by Main Activities</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Banks and other financial services</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">699,592</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">717,981</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">601,794</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Insurance and pension fund managing companies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">26,831</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">25,741</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">23,370</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Other non-financial services</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,433</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,133</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,778</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>731,856</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>749,855</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>631,942</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The total assets and results of operations broken down by the geographical areas, in which the BBVA Group operates, are
included in Note 6. </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 active
presence in other countries, as shown below: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Spain </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Group&#146;s activity in Spain is mainly through Banco Bilbao Vizcaya Argentaria, S.A., which is the parent company of the BBVA
Group. The Group also has other entities that operate in Spain&#146;s banking sector, insurance sector, real estate sector, services and as operational leasing entities. </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">The BBVA Group operates in Mexico, not only in the banking sector, but also in the insurance sector through Grupo Financiero Bancomer.
</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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">The BBVA Group&#146;s activities in South America are mainly focused on the banking and insurance sectors, in the following countries:
Argentina, Chile, Colombia, Peru, Paraguay, Uruguay and Venezuela. It has a representative office in Sao Paulo (Brazil). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Group
owns more than 50% of most of the entities based in these countries. Appendix I shows a list of the entities which, although less than 50% owned by the BBVA Group as of December&nbsp;31, 2016, are consolidated (see Note 2.1). </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">The Group&#146;s activity in the United States is mainly carried out through a group of entities with BBVA Compass Bancshares, Inc. at
their head, the New York BBVA branch and a representative office in Silicon Valley (California). </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">The Group&#146;s activity in Turkey is mainly carried out through 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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 Europe </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Group&#146;s activity in Europe is carried out through banks and financial institutions in Ireland, Switzerland, Italy, Netherlands,
Romania and Portugal, branches in Germany, Belgium, France, Italy and the United Kingdom, and a representative office in Moscow. </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Asia-Pacific </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Group&#146;s activity in this region is carried out through branches (in Taipei, Seoul, Tokyo, Hong Kong Singapore and Shanghai) and
representative offices (in Beijing, Mumbai, Abu Dhabi, Sydney and Jakarta). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Changes in the Group in 2016 </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mergers </FONT></P> <P STYLE="margin-top:12pt; 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. </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">F-40 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">This transaction is part of the corporate reorganization of its banking subsidiaries in Spain and has been
successfully completed throughout 2016 and has no impact in the consolidated financial statements both from the accounting and the solvency stand points. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">Changes in the Group in 2015 </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">During 2015, it was registered the full consolidation of Garanti since the date of effective
control (third quarter) and the acquisition of Catalunya Banc (second quarter). These effects impact on the period-on-period comparison of all the income statements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Investments </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Acquisition of an
additional 14.89% of Garanti </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On November&nbsp;19, 2014, the Group signed a new agreement with Dogus Holding AS, Ferit Faik Sahenk, Dianne
Sahenk and Defne Sahenk (hereinafter &#147;Dogus&#148;) to, among other terms, the acquisition of 62,538,000,000 additional shares of Garanti (equivalent to 14.89% of the capital of this entity) for a maximum total consideration of 8.90 Turkish lira
per batch (Garanti traded in batches of 100 shares each). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the same agreement stated that if the payment of dividends for the year 2014 was
executed by Dogus before the closing of the acquisition, that amount would be deducted from the amount payable by BBVA. On April&nbsp;27, 2015, Dogus received the amount of the dividend paid to shareholders of Garanti, which amounted to Turkish
Liras 0.135&nbsp;per batch. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On July&nbsp;27, 2015, after obtaining all the required regulatory approvals, the Group has materialized said
participation increase after the acquisition of the new shares. Now the Group&#146;s interest in Garanti is 39.9%. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The total price effectively paid
by BBVA amounts to 8,765 TL per batch (amounting to approximately TL 5,481&nbsp;million and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>1,857&nbsp;million applying a 2.9571 TL/EUR exchange rate). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In accordance with the IFRS-IASB accounting rules, and as a consequence of the agreements reached, the BBVA Group shall, at the date of effective
control, measure at fair value its previously acquired stake of 25.01% in Garanti (classified as a joint venture accounted for using the equity method) and shall consolidate Garanti in the consolidated financial statements of the BBVA Group,
beginning on the above-mentioned effective control date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Measuring the above-mentioned stake in Garanti Bank at fair value resulted in a negative
impact in &#147;Gains or (-) losses on derecognition of non-financial assets and subsidiaries, net&#148; in the consolidated income statement of the BBVA Group for the year 2015, which resulted in a net negative impact in the Profit attributable to
owners of the parent of the BBVA Group in 2015 amounting to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>1,840 million. Such accounting impact does not translate into any additional cash outflow from BBVA. Most of this impact is generated
by the exchange rate differences due to the depreciation of the TL against Euro since the initial acquisition by BBVA of the 25.01% stake in Garanti Bank up to the date of effective control. As of December&nbsp;31, 2015, these exchange rate
differences were already registered as Other Comprehensive Income deducting the stock shareholder&#146;s equity of the BBVA Group. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The agreements
with the Dogus group include an agreement for the management of the bank and the appointment by the BBVA Group of the majority of the members of its Board of Directors (7 of 10). The 39.9% stake in Garanti is consolidated in the BBVA Group, because
of these management agreements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Group estimate according to the acquisition method, the comparison between the fair values assigned to the
assets acquired and the liabilities assumed from Garanti, along with the identified intangible assets, and cash payment made by the BBVA Group in consideration of the transaction generated a goodwill of
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>624&nbsp;million (at exchange rate of December&nbsp;31,2016), which is registered under the heading &#147;Intangible assets - Goodwill&#148; in the accompanying consolidated balance sheets as of
December&nbsp;31, 2016 (see Note 18.1). </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Acquisition of Catalunya Banc </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On July&nbsp;21, 2014, the Management Commission of the Banking Restructuring Fund (known as &#147;FROB&#148;) accepted BBVA&acute;s bid in the
competitive auction for the acquisition of Catalunya Banc, S.A. (&#147;Catalunya Banc&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On April&nbsp;24, 2015, once the necessary
authorizations have been obtained and all the agreed conditions precedent have been fulfilled, BBVA announced that it acquired 1,947,166,809 shares of Catalunya Banc, S.A. (approximately 98.4% of its share capital) for a price of approximately <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>1,165 million. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">According to the purchase method, the comparison between the fair values assigned
to the assets acquired and the liabilities assumed from Catalunya Banc, and the cash payment made to the FROB in consideration of the transaction generated a difference of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>26&nbsp;million, which
is registered under the heading &#147;Negative goodwill </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">F-41 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">
recognized in profit or loss&#148; in the accompanying consolidated income statement as of December&nbsp;31, 2015. According to the IFRS 3, there is a period, up to a year, to complete the
necessary adjustments to the calculation of initial acquisition (see Note 18.1). After the deadline, there has not been any significant adjustment that involves amending the calculation recorded in the year 2015. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Divestitures </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Partial sale of
China CITIC Bank Corporation Limited (CNCB) </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On January&nbsp;23, 2015 the Group BBVA signed an agreement to sell 4.9% in China CITIC Bank
Corporation Limited (CNCB) to UBS AG, London Branch (UBS), who entered into transactions pursuant to which such CNCB shares will be transferred to a third party and the ultimate economic benefit of ownership of such CNCB shares will be transferred
to Xinhu Zhongbao Co., Ltd (Xinhu) (the Relevant Transactions). On March&nbsp;12, 2015, after having obtained the necessary approvals, BBVA completed the sale. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The selling price to UBS is HK$ 5.73&nbsp;per share, amounting to a total of HK$ 13,136&nbsp;million, equivalent to approximately <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>1,555&nbsp;million (with an exchange rate of EUR/HK$=8.45 as of the date of the closing). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In
addition to the above mentioned 4.9%, during the first semester of 2015 various sales were made in the market to total a 6.34% participation sale. The impact of these sales on the consolidated financial statements of the BBVA Group was a gain net of
taxes of approximately <FONT STYLE="font-family:Times New Roman">&#128;</FONT>705 million. This gain gross of taxes was recognized under &#147;Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as
discontinued operations&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Sale of the participation in Citic International Financial Holding (CIFH) </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On December&nbsp;23, 2014, the BBVA Group signed an agreement to sell its participation of 29.68% in Citic International Financial Holdings Limited
(hereinafter &#147;CIFH&#148;), to China CITIC Bank Corporation Limited (hereinafter &#147;CNCB&#148;). CIFH is a non-listed subsidiary of CNCB domiciled in Hong Kong. The selling price is HK$8,162 million. The closing of such agreement is subject
to the relevant regulatory approvals. The estimated impact on the attributable profit of the consolidated financial statements of the BBVA Group will not be significant. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On August&nbsp;27, BBVA completed the sale of this participation. The impact on the consolidated financial statements of the BBVA Group was not
significant. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Changes in the Group in 2014 </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In 2014 there were no significant changes. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_10"></A>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="#094fa4">Shareholder remuneration system </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Shareholder remuneration scheme </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">During 2012, 2013, 2014, 2015 and 2016 a shareholder remuneration system called the &#147;Dividend Option&#148; was implemented. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Under this remuneration scheme, BBVA offers its shareholders the possibility to receive all or part of their remuneration in the form of BBVA
newly-issued ordinary shares; whilst maintaining the possibility for BBVA shareholders to receive their entire remuneration in cash by selling their free allocation rights to BBVA (in execution of the commitment assumed by BBVA to acquire the free
allocation rights attributed to the shareholders at a guaranteed fixed price) or by selling their free allocation rights on the market at the prevailing market price at that time. </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 second 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 by the issuance of
86,257,317 BBVA newly-issued 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 <FONT STYLE="font-family:Times New Roman">&#128;</FONT>62,989,995.36. 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&nbsp;per right, registered in &#147;Total Equity-Dividends and Remuneration&#148; of the consolidated balance sheet as of
December, 31, 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">F-42 </P>


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 <P STYLE="margin-top:0pt; 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 by the issuance of 113,677,807 BBVA newly-issued 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&nbsp;per right,
registered in &#147;Total Equity-Dividends and Remuneration&#148; of the consolidated balance sheet as of December&nbsp;31, 2016. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On
September&nbsp;30, 2015, the Board of Directors approved the execution of the second of the share capital increases charged to voluntary reserves, as agreed by the AGM held on March&nbsp;13, 2015 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>30,106,631.94 by the issuance of 61,442,106 BBVA newly-issued shares at a <FONT STYLE="font-family:Times New Roman">&#128;</FONT>0.49 par
value each. 89.65% of the right owners opted to receive newly issued ordinary shares. The other 10.35% of the right owners opted to sell the rights of free allocation assigned to them to BBVA, and as a result, BBVA acquired 652,564,118 rights for a
total amount of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>52,205,129.44. The price at which BBVA acquired such rights of free allocation was <FONT STYLE="font-family:Times New Roman">&#128;</FONT>0.08&nbsp;per right, registered in
&#147;Total Equity- Interim dividends&#148; of the consolidated balance sheet as of December&nbsp;31, 2015. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On March&nbsp;25, 2015, 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;13, 2015 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>39,353,896.26 (80,314,074 shares at a <FONT STYLE="font-family:Times New Roman">&#128;</FONT>0.49 par value each). 90.31% of the right owners opted to receive newly-issued
BBVA ordinary shares. The other 9.69% of the right owners opted to sell the rights of free allocation assigned to them to BBVA, and as a result, BBVA acquired 602,938,646 rights for a total amount of
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>78,382,023.98. The price at which BBVA acquired such rights of free allocation was <FONT STYLE="font-family:Times New Roman">&#128;</FONT>0.13&nbsp;per right, registered in &#147;Total Equity-
Interim dividends&#148; of the consolidated balance sheet as of December&nbsp;31, 2015. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Dividends </FONT></P>
<P STYLE="margin-top:12pt; 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 payment 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 has been set to be paid on
July&nbsp;11, 2017 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Board of Directors, at its meeting held on December&nbsp;21, 2016, approved the payment 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 has been set to be paid on
January&nbsp;12, 2017 (see Note 22.4). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The interim accounting statements prepared in accordance with legal requirements evidencing the existence of
sufficient liquidity for the distribution of the interim dividend in the amount approved, are as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Available Amount for Interim Dividend Payments</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>May&nbsp;31,&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>November&nbsp;30,<BR>2016</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Profit of BBVA, S.A. at each of the dates indicated, after the provision for income tax</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,371</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,826</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Less -</FONT></P></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="page-break-inside:avoid ; 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="#094fa4">Estimated provision for Legal Reserve</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Acquisition by the bank of the free allotment rights in 2016 capital increase</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">147</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">210</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Additional Tier I capital instruments remuneration</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">114</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">260</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Interim dividends for 2016 already paid</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">518</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Maximum amount distributable</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>1,099</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>818</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Amount of proposed interim dividend</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>518</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>525</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="12"></TD>
<TD HEIGHT="12" COLSPAN="4"></TD>
<TD HEIGHT="12" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>BBVA cash balance available to the date</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,614</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,003</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The first amount of the 2016 interim dividend which was paid to the shareholders on July&nbsp;11, 2016, after deducting
the treasury shares held by the Group&#146;s entities, amounted to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>517&nbsp;million, and is recognized under the heading &#147;Stockholders&#146; funds &#150; Interim dividends&#148; of the
interim balance sheet as of December&nbsp;31, 2016 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The total amount of the second dividend of 2016, which was paid to the shareholders on
January&nbsp;12, 2017, after deducting the treasury shares held by the Group&#146;s companies, amounted to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>525&nbsp;million and was </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">F-43 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">
recognized under the heading &#147;Stockholders&#146; funds &#150; Interim dividends&#148; charged in the &#147;Financial liabilities at amortized cost &#150; Other financial liabilities (see
Note 22.4) of the consolidated balance sheet as of December&nbsp;31, 2016. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of February&nbsp;1, 2017 and in accordance with BBVA&#146;s
remuneration policy, it is expected to be proposed for the consideration of the competent governing bodies of approval of a capital increase to be charged to reserves for the instrumentation of a &#147;Dividend Option&#148; in 2017 in a gross of
0.13 euro per share approximately. The subsequent shareholders&#146; remunerations that could be approved would be fully in cash. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The allocation of
earnings for 2016 subject to the approval of the Board of Directors at the Annual Shareholders Meeting is presented below: </P> <P STYLE="font-size:12pt;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:9pt" ALIGN="center">


<TR>
<TD WIDTH="87%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions&nbsp;of&nbsp;Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Allocation of Earnings</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Profit for year (*)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,662</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Distribution:</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Interim dividends</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,043</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Acquisition by the bank of the free allotment rights(**)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">210</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Additional Tier 1 securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">260</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Legal reserve</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Voluntary reserves</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">130</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</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 style = "page-break-inside:avoid">
<TD WIDTH="3%">&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">Net Income of BBVA, S.A. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&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">Concerning to the remuneration to shareholders who choose to be paid in cash through the &#147;Dividend Option&#148;.
</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">F-44 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_11"></A>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="#094fa4">Earnings per share </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Basic and diluted earnings per share are calculated in accordance with the criteria established by IAS 33. For more information see Glossary of terms.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Bank issued additional share capital in 2016, 2015 and 2014 (see &#147;Dividend Option&#148; Program in 2015 in Note 26). In accordance with IAS
33, when events, other than the conversion of potential shares, have changed the number of shares outstanding without a corresponding change in resources, the weighted average number of shares outstanding during the period and for all the periods
presented shall be adjusted. The prior year weighted average number of shares is adjusted by applying a corrective factor. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The calculation of
earnings per share is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Basic and Diluted Earnings per Share</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015&nbsp;(*)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014&nbsp;(*)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="5" COLSPAN="13"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="12"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Numerator for basic and diluted earnings per share (millions of
euros)</B></FONT></P></TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Profit attributable to parent company</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,475</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,642</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,618</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Adjustment: Additional Tier 1 securities
<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(260)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(212)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(126)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Profit adjusted (millions of euros) (A)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,215</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,430</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,492</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Profit from discontinued operations (net of non-controlling interest)
(B)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Denominator for basic earnings per share (number of shares outstanding)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Weighted average number of shares outstanding
<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,468</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,290</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,908</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Weighted average number of shares outstanding x corrective factor <SUP
STYLE="font-size:85%; vertical-align:top">(3)</SUP></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,468</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,517</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,278</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Adjusted number of shares - Basic earning per share (C)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,468</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,517</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,278</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Adjusted number of shares - diluted earning per share (D)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,468</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,517</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,278</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Earnings per share</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>0.50</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>0.37</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>0.40</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Basic earnings per share from continued operations (Euros per share)A-B/C</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.50</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.37</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.40</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Diluted earnings per share from continued operations (Euros per share)A-B/D</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.50</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.37</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.40</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Basic earnings per share from discontinued operations (Euros per share)B/C</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Diluted earnings per share from discontinued operations (Euros per share)B/D</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Remuneration in the period related to contingent convertible securities, recognized in equity (see Note 22.3).
</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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Weighted average number of shares outstanding (millions of euros), excluded weighted average of treasury shares during
the period. </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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Corrective factor, due to the capital increase with pre-emptive subscription right, applied for the previous years.
</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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Data recalculated due to the mentioned corrective factor. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, 2015 and 2014, there were no other financial instruments or share options awarded to employees that could potentially
affect the calculation of the diluted earnings per share for the years presented. For this reason, basic and diluted earnings per share are the same for both dates. </P> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_12"></A>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="#094fa4">Operating segment reporting </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; 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; 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: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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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:4pt; 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="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">F-45 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">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. </P> <P STYLE="margin-top:12pt; 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 December&nbsp;31, 2016, 2015 and 2014 is as follows:
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="93%" 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></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Total Assets by Operating Segments</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015&nbsp;<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014&nbsp;<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Banking Activity in Spain</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;332,642</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;339,775</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;318,431</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Real Estate Activity in Spain</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,713</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,122</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,168</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">88,902</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">86,454</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">69,261</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey <SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">84,866</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">89,003</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,342</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">93,318</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">99,594</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">93,874</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">South America</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">77,918</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">70,661</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">84,364</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of Eurasia</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,980</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,469</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,325</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal Assets by Operating Segments</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>710,339</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>726,079</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>627,765</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Corporate Center and other adjustments
<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21,517</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,776</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,108</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total Assets BBVA Group</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>731,856</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>749,855</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>631,942</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</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 2015 and 2014 have been restated in order to allow homogenous comparisons due to changes in
the scope and immaterial adjustments of operating segments. </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 style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">The information is presented under management criteria, pursuant to which Garanti&#146;s information has been
proportionally integrated based on our 25.01% interest in Garanti. After the agreement Garanti Group begins to consolidate. </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 style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Other adjustments include adjustments made to account for the fact that, in our Consolidated Financial Statements,
Garanti is accounted for using the equity method until the additional acquisition of 14.89% rather than using the management criteria referred above. </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">F-46 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The attributable profit and main earning figures in the consolidated income statements for the six months
period ended December&nbsp;31, 2016, 2015 and 2014 by operating segments are as follows: </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:ARIAL; font-size:8.5pt" ALIGN="center">


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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><FONT COLOR="#094fa4"><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>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&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:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Operating Segments</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&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:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Main Margins and Profits by</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Operating Segments</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>BBVA&nbsp;Group&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Spain</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Real&nbsp;Estate</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Activity in</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Spain</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>United&nbsp;Sates&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Turkey&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Mexico&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>South</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>America</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Rest&nbsp;of</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Eurasia</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Corporate</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Center</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Adjustments&nbsp;<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Net interest income</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,059</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,883</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">60</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,953</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,404</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,126</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,930</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">166</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(461</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Gross income</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24,653</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,445</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,706</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,257</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,766</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,054</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">491</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(60</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Net operating income <SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,862</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,846</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(130</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">863</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,519</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,371</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,160</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">149</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(916</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Operating profit /(loss) before tax</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,392</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,278</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(743</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">612</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,906</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,678</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,552</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">203</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,094</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top" BGCOLOR="#b5e5f9"> <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="#094fa4"><B>Profit</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>3,475</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>912</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>(595</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>459</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>599</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>1,980</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>771</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>151</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>(801</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#bfbfbf"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#bfbfbf" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#bfbfbf"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>2015 <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Net interest income</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,022</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,001</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">71</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,811</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,194</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,387</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,202</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">183</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(424</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(404</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Gross income</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,362</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,804</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(28</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,631</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,434</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,081</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,477</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">473</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(192</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(318</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Net operating income <SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,254</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,358</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(154</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">825</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,273</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,459</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,498</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">121</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,017</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(109</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Operating profit /(loss) before tax</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,603</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,548</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(716</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">685</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">853</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,772</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,814</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">111</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,187</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,276</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top" BGCOLOR="#b5e5f9"> <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="#094fa4"><B>Profit</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>2,642</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>1,085</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>(496</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>517</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>371</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>2,094</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>905</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>75</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,910</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#bfbfbf"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#bfbfbf" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#bfbfbf"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>2014 <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Net interest income</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,382</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,830</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(34</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,443</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">735</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,906</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,699</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">189</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(651</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(734</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Gross income</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,725</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,621</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(211</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,137</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">944</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,513</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,191</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">736</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(575</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(632</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Net operating income <SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,166</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,585</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(357</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">640</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">550</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,100</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,875</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">393</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,380</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(240</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Operating profit /(loss) before tax</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,980</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,272</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,275</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">561</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">392</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,508</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,951</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">320</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,666</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(83</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top" BGCOLOR="#b5e5f9"> <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="#094fa4"><B>Profit</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>2,618</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>894</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>(889</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>428</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>310</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>1,903</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>1,001</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>255</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,285</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#bfbfbf"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#bfbfbf" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#bfbfbf"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:4pt;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 style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The figures corresponding to 2015 and 2014 have been restated in order to allow homogenous comparisons due to changes in
the scope of operating segments (see Note 1.3). </P></TD>
<TD WIDTH="6%">&nbsp;</TD></TR></TABLE> <P STYLE="font-size:4pt;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 style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Gross Income less Administrative Cost and Amortization. </P></TD>
<TD WIDTH="6%">&nbsp;</TD></TR></TABLE> <P STYLE="font-size:4pt;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 style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">From the third quarter of 2015, BBVA consolidated Garanti (39.9% owned). In prior periods, Garanti&#146;s revenues and
costs are reflected in our segment information only in the proportion of BBVA&acute;s ownership (25.01%). This column includes adjustments resulting from the accounting of the investment in Garanti group using the equity method (versus reflecting
the revenues and costs of Garanti only in proportion of BBVA&acute;s ownership Garanti as stated in the management information). This column also includes inter-segment adjustments (see Note 2). </P></TD>
<TD WIDTH="6%">&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">F-47 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4">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="#094fa4"><A NAME="fin368256_13"></A>Risk management </FONT></P></TD></TR></TABLE>
<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:ARIAL; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="88%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13a">General risk management and control model</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">F-49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.1.1&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13b">Governance and organization </A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.1.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13c">Risk appetite framework </A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.1.3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13d">Decisions and processes </A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-54</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.1.4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13e">Assessment, monitoring and reporting </A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.1.5</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13f">Infrastructure </A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.1.6</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13g">Risk culture </A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-56</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13h">Risk factors</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-56</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13i">Credit risk</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-58</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.3.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13j">Credit risk exposure</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-59</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.3.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13k">Mitigation of credit risk, collateralized credit risk and other credit enhancements</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.3.3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13l">Credit quality of financial assets that are neither past due nor impaired</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.3.4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13m">Past due but not impaired and impaired secured loans risks</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.3.5</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13n">Impairment losses</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.3.6</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13o">Refinancing and restructuring operations</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-72</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13p">Market risk</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.4.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13q">Market risk portfolios </A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.4.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13r">Structural risk </A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-78</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.4.3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13s">Financial Instruments compensation </A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.5</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13t">Liquidity risk</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-81</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.5.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13u">Liquidity risk management</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-81</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.5.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13v">Asset encumbrance</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-85</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.6</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13w">Operational Risk</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top">7.7</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="#fin368256_13x">Risk concentration</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">F-88</TD>
<TD NOWRAP VALIGN="bottom">&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">F-48 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1"><A NAME="fin368256_13a"></A>7.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">General risk management and control model </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The BBVA Group has an overall risk management and control model (hereinafter &#145;the model&#146;) tailored to their individual business, their
organization and the geographies in which they operate, allowing them to develop their activity in accordance with their strategy and policy control and risk management defined by the governing bodies of the Bank and adapt to a changing economic and
regulatory environment, tackling risk management globally and adapted to the circumstances of each instance. The model establishes a system of appropriate risk management regarding risk profile and strategy of the Group. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">This model is applied comprehensively in the Group and consists of the basic elements listed below: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Governance and organization. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Risk appetite framework. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Decisions and processes. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Assessment, monitoring and reporting. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Infrastructure. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Group encourages the development of a risk culture to ensure consistent application of the control and risk management Model in the Group, and to
ensure that the risk function is understood and assimilated at all levels of the organization. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5"><A NAME="fin368256_13b"></A>7.1.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Governance and organization </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The governance model for risk management at BBVA is characterized by a special involvement of its corporate bodies, both in setting the risk strategy
and in the ongoing monitoring and supervision of its implementation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Thus, as developed below, the corporate bodies are the ones that approve this
risk strategy and corporate policies for the different types of risk, being the risk function responsible for the management, its implementation and development, reporting to the governing bodies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The responsibility for the daily management of the risks lies on the businesses which abide in the development of their activity to the policies,
standards, procedures, infrastructure and controls, based on the framework set by the governing bodies, which are defined by the function risk. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">To
perform this task properly, the risk function in the BBVA Group is configured as a single, comprehensive and independent role of commercial areas. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">Corporate governance system </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">BBVA Group has developed a corporate governance system that is in line with the best
international practices and adapted to the requirements of the regulators in the countries in which its various business units operate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Board
of Directors (hereinafter also referred to as &#147;the Board&#148;) approves the risk strategy and oversees the internal management and control systems. Specifically, in relation to the risk strategy, the Board approves the Group&#146;s risk
appetite statement, the core metrics (and their statements) and the main metrics by type of risk (and their statements), as well as the general risk management and control model. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Board of Directors is also responsible for approving and monitoring the strategic and business plan, the annual budgets and management goals, as
well as the investment and funding policy, in a consistent way and in line with the approved Risk Appetite Framework. For this reason, the processes for defining the Risk Appetite Framework proposals and strategic and budgetary planning at Group
level are coordinated by the executive area for submission to the Board. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">With the aim of ensuring the integration of the Risk Appetite Framework
into management, on the basis established by the Board of Directors, the Executive Committee approves the metrics by type of risk in relation to concentration, profitability and reputational risk and the Group&#146;s basic structure of limits at
geographical area, risk type, asset type and portfolio level. This Committee also approves specific corporate policies for each type of risk. </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">F-49 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Lastly, the Board has set up a Board committee focus in risks, the Risk Committee, that assists the Board
and the Executive Committee in determining the Group&#146;s risk strategy and the risk limits and policies, respectively, analyzing and assessing beforehand the proposals submitted to those bodies. The amendment of the Group&#146;s risk strategy and
of its elements is the exclusive power of the BBVA Board of Directors, while the Executive Committee is responsible for amending the metrics by type of risk within its scope of decision and the Group&#146;s basic structure of limits, when
applicable. In both cases, the amendments follow the same decision-making process described above, so the proposals for amendment are submitted by the Chief Risk Officer (&#147;CRO&#148;) and later analyzed, first by the Risks Committee, for later
submission to the Board of Directors or to the Executive Committee, as appropriate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Moreover, the Risks Committee, the Executive Committee and the
Board itself conduct proper monitoring of the risk strategy implementation and of the Group&#146;s risk profile. The risks function regularly reports on the development of the Group&#146;s Risk Appetite Framework metrics to the Board and to the
Executive Committee, after their analysis by the Risks Committee, whose role in this monitoring and control work is particularly relevant. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The head
of the risk function in the executive hierarchy is the Group&#146;s CRO, who carries out its functions with independence, authority, rank, experience, knowledge and resources to do so. He is appointed by the Board of the Bank as a member of its
Senior Management, and has direct access to its corporate bodies (Board, Executive Standing Committee and Risk Committee), who reports regularly on the status of risks to the Group. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The CRO, for the utmost performance of its functions, is supported by a cross composed set of units in corporate risk and the specific risk units in the
geographical and / or business areas of the Group structure. Each of these units is headed by a Risk Officer for the geographical and/or business area who, within his/her field of competence, carries out risk management and control functions and is
responsible for applying the corporate policies and rules approved at Group level in a consistent manner, adapting them if necessary to local requirements and reporting to the local corporate bodies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Risk Officers of the geographical and/or business areas report both to the Group&#146;s CRO and to the head of their geographical and/or business
area. This dual reporting system aims to ensure that the local risk management function is independent from the operating functions and that it is aligned with the Group&#146;s corporate risk policies and goals. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organizational structure and committees </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The risk management function, as defined above, consists of risk units from the corporate area, which carry out cross-cutting functions, and risk units
from the geographical and/or business areas. </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 corporate area&#146;s risk units develop and present the Group&#146;s risk appetite proposal, corporate policies,
rules and global procedures and infrastructures to the CRO, within the action framework approved by the corporate bodies, ensure their application, and report either directly or through the CRO to the Bank&#146;s corporate bodies. Their functions
include </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Management of the different types of risks at Group level in accordance with the strategy defined by the corporate
bodies. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Risk planning aligned with the risk appetite framework principles defined by the Group. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Monitoring and control of the Group&#146;s risk profile in relation to the risk appetite framework approved by the
Bank&#146;s corporate bodies, providing accurate and reliable information with the required frequency and in the necessary format. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Prospective analyses to enable an evaluation of compliance with the risk appetite framework in stress scenarios and the
analysis of risk mitigation mechanisms. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Management of the technological and methodological developments required for implementing the Model in the Group.
</P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Design of the Group&#146;s Internal Control model and definition of the methodology, corporate criteria and procedures
for identifying and prioritizing the risk inherent in each unit&#146;s activities and processes. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Validation of the models used and the results obtained by them in order to verify their adaptation to the different uses
to which they are applied. </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">F-50 </P>


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<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 risk units in the business units develop and present to the Risk Officer of the geographical and/or business area
the risk appetite framework proposal applicable in each geographical and/or business area, independently and always within the Group&#146;s strategy/risk appetite framework. They also ensure that the corporate policies and rules approved
consistently at a Group level are applied, adapting them if necessary to local requirements; they are provided with appropriate infrastructures for management and control of their risks, within the global risk infrastructure framework defined by the
corporate areas; and they report to their corporate bodies and/or to senior management, as appropriate. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The local risk units thus
work with the corporate area risk units in order to adapt to the risk strategy at Group level and share all the information necessary for monitoring the development of their risks. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The risk function has a decision-making process to perform its functions, underpinned by a structure of committees, where the Global Risk Management
Committee (GRMC) acts as the highest committee within Risk. It proposes, examines and, where applicable, approves, among others, the internal risk regulatory framework and the procedures and infrastructures needed to identify, assess, measure and
manage the material risks faced by the Group in its businesses, the determination of risk limits by portfolio or counterparty; and the admission of the operations involving the most relevant risks. The members of this Committee are the Group&#146;s
CRO and the heads of the risk units of the corporate area and of the most representative geographical and/or business areas. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The GRMC carries out
its functions assisted by various support committees which include: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Global Technical Operations Committee: It is responsible for analyzing and decision-making related to wholesale credit
risk admission in certain customer segments. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Monitoring, Assessment&nbsp;&amp; Reporting Committee: It guarantees and ensures the appropriate development of aspects
related to risk identification, assessment, monitoring and reporting, with an integrated and cross-cutting vision. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Asset Allocation Committee: The executive body responsible for analysis and decision-making on all credit risk matters
related to the processes intended for obtaining a balance between risk and return. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Technology&nbsp;&amp; Analytics Committee: It ensures an appropriate decision-making process regarding the development,
implementation and use of the tools and models required to achieve an appropriate management of those risks to which the BBVA Group is exposed. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Corporate Technological Risks and Operational Control Committee: It approves the Technological Risks and Operational
Control Management Frameworks in accordance with the General Risk Management Model&#146;s architecture and monitors metrics, risk profiles and operational loss events. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Global Markets Risk Unit Global Committee: It is responsible for formalizing, supervising and communicating the
monitoring of trading desk risk in all the Global Markets business units, as well as coordinating and approving GMRU key decisions activity, and developing and proposing to GRMC the corporate regulation of the unit. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Corporate Operational and Outsourcing Risk Admission Committee: It identifies and assesses the operational risks of new
businesses, new products and services, and outsourcing initiatives. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Retail Risk Committee: It ensures the alignment of the practices and processes of the retail credit risk cycle with the
approved risk tolerance and with the business growth and development objectives established in the corporate strategy of the Group </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Each geographical and/or business area has its own risk management committee (or committees), with objectives and contents similar to those of the
corporate area, which perform their duties consistently and in line with corporate risk policies and rules. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Under this organizational scheme, the
risk management function ensures the risk strategy, the regulatory framework, and standardized risk infrastructures and controls are integrated and applied across the entire Group. It also benefits from the knowledge and proximity to customers in
each geographical and/or business area, and transmits the corporate risk culture to the Group&#146;s different levels. Moreover, this organization enables the risks function to conduct and report to the corporate bodies integrated monitoring and
control of the entire Group&#146;s risks. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Internal Risk Control and Internal Validation </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Group has a specific Internal Risk Control unit whose main function is to ensure there is an adequate internal regulatory framework in place,
together with a process and measures defined for each type of risk identified in the Group, (and for other types of risk that could potentially affect the Group, to oversee their application and operation, and to ensure that the risk strategy is
integrated into the Group&#146;s management. The Internal Risk </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">F-51 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">
Control unit verifies the performance of their duties by the units that develop the risk models, manage the processes and execute the controls. Its scope is global both geographically and in
terms of type of risk. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Director of Group Internal Control Risk is responsible for the function, and reports its activities and work plans to
the CRO and the Risk Committee of the Board, besides attending to it on issues deemed necessary. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">For these purposes the Internal Risks Control
department has a Technical Secretary&#146;s Office, which offers the Committee the technical support it needs to better perform its duties. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The
unit has a structure of teams at both corporate level and in the most relevant geographical areas in which the Group operates. As in the case of the corporate area, local units are independent of the business areas that execute the processes, and of
the units that execute the controls. They report functionally to the Internal Risk Control unit. This unit&#146;s lines of action are established at Group level, and it is responsible for adapting and executing them locally, as well as for reporting
the most relevant aspects. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Additionally, the Group has an Internal Validation unit, which reviews the performance of its duties by the units that
develop risk models and of those who use them to manage. Its functions include, among others, review and independent validation, internally, of the models used for the control and management of the Group&#146;s risks. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5"><A NAME="fin368256_13c"></A>7.1.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Risk appetite framework </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Group&#146;s risk appetite framework, approved by the Board, determines the risks (and their level) that the Group is willing to assume to achieve
its business objectives considering an organic evolution of its business. These are expressed in terms of solvency, liquidity and funding profitability, recurrent earnings, cost of risk or other metrics, which are reviewed periodically as well as in
case of material changes to the entity&#146;s business or relevant corporate transactions. The definition of the risk appetite has the following goals: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">To express the maximum levels of risk it is willing to assume, at both Group and geographical and/or business area
level. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">To establish a set of guidelines for action and a management framework for the medium and long term that prevent actions
from being taken (at both Group and geographical and/or business area level) that could compromise the future viability of the Group. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">To establish a framework for relations with the geographical and/or business areas that, while preserving their
decision-making autonomy, ensures they act consistently, avoiding uneven behavior. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">To establish a common language throughout the organization and develop a compliance-oriented risk culture.
</P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Alignment with the new regulatory requirements, facilitating communication with regulators, investors and other
stakeholders, thanks to an integrated and stable risk management framework. </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Risk appetite framework is expressed through the
following elements: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Risk appetite statement </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Sets out the general principles of the Group&#146;s risk strategy and the target risk profile. The Group&#146;s Risk appetite statement is: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">BBVA Group&#146;s risk policy is designed to achieve a moderate risk profile for the entity, through: prudent management and a responsible universal
banking business model targeted to value creation, risk-adjusted return and recurrence of results; diversified by geography, asset class, portfolio and clients; and with presence in emerging and developed countries, maintaining a medium/low risk
profile in every country, and focusing on a long term relationship with the client. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Core metrics and statements </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Based on the risk appetite statement, statements are established to set down the general risk management principles in terms of solvency, profitability,
liquidity and funding. </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Solvency: a sound capital position, maintaining resilient capital buffer from regulatory and internal requirements that
supports the regular development of banking activity even under stress situations. As a result, BBVA proactively manages its capital position, which is tested under different stress scenarios from a regular basis. </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">F-52 </P>


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<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Liquidity and funding: A sound balance-sheet structure to sustain the business model. Maintenance of an adequate volume
of stable resources, a diversified wholesale funding structure, which limits the weight of short term funding and ensures the access to the different funding markets, optimizing the costs and preserving a cushion of liquid assets to overcome a
liquidity survival period under stress scenarios. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Income recurrence and profitability: A sound margin-generation capacity supported by a recurrent business model based on
the diversification of assets, a stable funding and a customer focus; combined with a moderate risk profile that limits the credit losses even under stress situations; all focused on allowing income stability and maximizing the risk-adjusted
profitability. </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In addition, the core metrics define, in quantitative terms, the principles and the target risk profile set out in
the risk appetite statement and are in line with the strategy of the Group. Each metric have three thresholds (traffic-light approach) ranging from a standard business management to higher deterioration levels: Management reference, Maximum appetite
and Maximum capacity. The Group&#146;s Core metrics are: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g368256page055a.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">By type of risk metrics and statements </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Based on the core metrics, statements are established for each type of risk reflecting the main principles governing the management of that risk and
several metrics are calibrated, compliance with which enables compliance with the core metrics and the statement of the Group. By type of risk metrics define the strategic positioning per type of risk and have a maximum appetite level. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Basic limits structure (core limits) </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The purpose of the basic limits structure or core limits is to manage risks on an ongoing basis within the thresholds tolerated by core and &#147;by
type of risk&#148; metrics; so they are a breakdown by geography and portfolio of the same metrics or complementary metrics. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In addition to this
framework, there&#146;s a Management limits level that is defined and managed by the Risk Area developing the core limits, in order to ensure that the early management of risks by subcategories or by subportfolios complies with that core limits and,
in general, with the risk appetite framework. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The following graphic summarizes the structure of BBVA&#146;s Risk appetite framework: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g368256page055b.jpg" ALT="LOGO">
 </P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</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">F-53 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The corporate risk area works with the various geographical and/or business areas to define their risk
appetite framework, which will be coordinated with and integrated into the Group&#146;s risk appetite to ensure that its profile fits as defined. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The risk appetite framework defined by the Group expresses the levels and types of risk that the Bank is willing to assume to be able to implement its
strategic plan with no relevant deviations, even in situations of stress. The risk appetite framework is integrated in the management and determines the basic lines of activity of the Group, because it sets the framework within the budget is
developed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">During 2016, the Risk Appetite metrics evolved in line with the set profile. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5"><A NAME="fin368256_13d"></A>7.1.3</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Decisions and processes </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The transfer of risk appetite framework to ordinary management is supported by three basic aspects: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">A standardized set of regulations </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Risk planning </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Comprehensive management of risks over their life cycle </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Standardized regulatory framework </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The
corporate GRM area is responsible for proposing the definition and development of the corporate policies, specific rules, procedures and schemes of delegation based on which risk decisions should be taken within the Group. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">This process aims for the following objectives: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Hierarchy and structure: well-structured information through a clear and simple hierarchy creating relations between
documents that depend on each other. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Simplicity: an appropriate and sufficient number of documents. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Standardization: a standardized name and content of document. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Accessibility: ability to search for, and easy access to, documentation through the corporate risk management library.
</P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The approval of corporate policies for all types of risks corresponds to the corporate bodies of the Bank, while the corporate
risk area endorses the remaining regulations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Risk units of geographical and / or business areas continue to adapt to local requirements the
regulatory framework for the purpose of having a decision process that is appropriate at local level and aligned with the Group policies. If such adaptation is necessary, the local risk area must inform the corporate GRM area, which must ensure the
consistency of the set of regulations at the level of the entire Group, and thus must give its approval prior to any modifications proposed by the local risk areas. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Risk planning </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Risk planning ensures
that the risk appetite framework is integrated into management through a cascade process for establishing limits and profitability adjusted to the risk profile, in which the function of the corporate area risk units and the geographical and/or
business areas is to guarantee the alignment of this process against the Group&#146;s risk appetite framework in terms of solvency, profitability, liquidity and funding. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">It has tools in place that allow the risk appetite framework defined at aggregate level to be assigned and monitored by business areas, legal entities,
types of risk, concentrations and any other level considered necessary. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The risk planning process is present within the rest of the Group&#146;s
planning framework so as to ensure consistency among all of them. </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">F-54 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Daily risk management </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">All risks must be managed comprehensively during their life cycle, and be treated differently depending on the type. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The risk management cycle is composed of 5 elements: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Planning: with the aim of ensuring that the Group&#146;s activities are consistent with the target risk profile and
guaranteeing solvency in the development of the strategy. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Assessment: a process focused on identifying all the risks inherent to the activities carried out by the Group.
</P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Formalization: includes the risk origination, approval and formalization stages. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Monitoring and reporting: continuous and structured monitoring of risks and preparation of reports for internal and/or
external (market, investors, etc.) consumption. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Active portfolio management: focused on identifying business opportunities in existing portfolios and new markets,
businesses and products. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5"><A NAME="fin368256_13e"></A>7.1.4</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Assessment, monitoring and reporting </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Assessment, monitoring and reporting is a cross-cutting element that should ensure that the Model has a dynamic and proactive vision to enable
compliance with the risk appetite framework approved by the corporate bodies, even in adverse scenarios. The materialization of this process has the following objectives: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Assess compliance with the risk appetite framework at the present time, through monitoring of the core metrics, metrics
by type of risk and the basic structure of limits. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Assess compliance with the risk appetite framework in the future, through the projection of the risk appetite framework
variables, in both a baseline scenario determined by the budget and a risk scenario determined by the stress tests. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Identify and assess the risk factors and scenarios that could compromise compliance with the risk appetite framework,
through the development of a risk repository and an analysis of the impact of those risks. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Act to mitigate the impact in the Group of the identified risk factors and scenarios, ensuring this impact remains
within the target risk profile. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Supervise the key variables that are not a direct part of the risk appetite framework, but that condition its
compliance. These can be either external or internal. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">This process is integrated in the activity of the risk units, both of the
corporate area and in the business units, and it is carried out during the following phases: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Identification of risk factors, aimed at generating a map with the most relevant risk factors that can compromise the
Group&#146;s performance in relation to the thresholds defined in the risk appetite framework. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Impact evaluation. This involves evaluating the impact that the materialization of one (or more) of the risk factors
identified in the previous phase could have on the risk appetite framework metrics, through the occurrence of a given scenario. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Response to undesired situations and realignment measures. Exceeding the parameters will trigger an analysis of the
realignment measures to enable dynamic management of the situation, even before it occurs. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Monitoring. The aim is to avoid losses before they occur by monitoring the Group&#146;s current risk profile and the
identified risk factors. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Reporting. This aims to provide information on the assumed risk profile by offering accurate, complete and reliable data
to the corporate bodies and to senior management, with the frequency and completeness appropriate to the nature, significance and complexity of the risks. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5"><A NAME="fin368256_13f"></A>7.1.5</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Infrastructure </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The infrastructure is an element that must ensure that the Group has the human and technological resources needed for effective management and
supervision of risks in order to carry out the functions set out in the Group&#146;s risk Model and the achievement of their objectives. </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">F-55 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">With respect to human resources, the Group&#146;s risk function has an adequate workforce, in terms of
number, skills, knowledge and experience. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">With regards to technology, the Group ensures the integrity of management information systems and the
provision of the infrastructure needed for supporting risk management, including tools appropriate to the needs arising from the different types of risks for their admission, management, assessment and monitoring. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The principles that govern the Group risk technology are: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Standardization: the criteria are consistent across the Group, thus ensuring that risk handling is standardized at
geographical and/or business area level. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Integration in management: the tools incorporate the corporate risk policies and are applied in the Group&#146;s
day-to-day management. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Automation of the main processes making up the risk management cycle. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Appropriateness: provision of adequate information at the right time. </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Through the &#147;Risk Analytics&#148; function, the Group has a corporate framework in place for developing the measurement techniques and models. It
covers all the types of risks and the different purposes and uses a standard language for all the activities and geographical/business areas and decentralized execution to make the most of the Group&#146;s global reach. The aim is to continually
evolve the existing risk models and generate others that cover the new areas of the businesses that develop them, so as to reinforce the anticipation and proactiveness that characterize the Group&#146;s risk function. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Also the risk units of geographical and / or business areas have sufficient means from the point of view of resources, structures and tools to develop a
risk management in line with the corporate model. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5"><A NAME="fin368256_13g"></A>7.1.6</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Risk culture </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">BBVA considers risk culture to be an essential element for consolidating and integrating the other components of the Model. The culture transfers the
implications that are involved in the Group&#146;s activities and businesses to all the levels of the organization. The risk culture is organized through a number of levers, including 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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Communication: promotes the dissemination of the Model, and in particular the principles that must govern risk
management in the Group, in a consistent and integrated manner across the organization, through the most appropriate channels. GRM has a number of communication channels to facilitate the transmission of information and knowledge among the various
teams in the function and the Group, adapting the frequency, formats and recipients based on the proposed goal, in order to strengthen the basic principles of the risk function. The risk culture and the management model thus emanate from the
Group&#146;s corporate bodies and senior management and are transmitted throughout the organization. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Training: its main aim is to disseminate and establish the model of risk management across the organization, ensuring
standards in the skills and knowledge of the different persons involved in the risk management processes. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Well
defined and implemented training ensures continuous improvement of the skills and knowledge of the Group&#146;s professionals, and in particular of the GRM area, and is based on four aspects that aim to develop each of the needs of the GRM group by
increasing its knowledge and skills in different fields such as: finance and risks, tools and technology, management and skills, and languages. </P> <P STYLE="font-size:10pt;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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Motivation: the aim in this area is for the incentives of the risk function teams to support the strategy for managing
those teams and the function&#146;s values and culture at all levels. Includes compensation and all those elements related to motivation &#150; working environment, etc. which contribute to the achievement Model objectives. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1"><A NAME="fin368256_13h"></A>7.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Risk factors </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As mentioned earlier, BBVA has processes in place for identifying risks and analyzing scenarios that enable the Group to manage risks in a dynamic and
proactive way. </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">F-56 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The risk identification processes are forward looking to ensure the identification of emerging risks and
take into account the concerns of both the business areas, which are close to the reality of the different geographical areas, and the corporate areas and senior management. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Risks are captured and measured consistently using the methodologies deemed appropriate in each case. Their measurement includes the design and
application of scenario analyses and stress testing and considers the controls to which the risks are subjected. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As part of this process, a forward
projection of the risk appetite framework variables in stress scenarios is conducted in order to identify possible deviations from the established thresholds. If any such deviations are detected, appropriate measures are taken to keep the variables
within the target risk profile. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">To this extent, there are a number of emerging risks that could affect the Group&#146;s business trends. These
risks are described in the following main blocks: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Macroeconomic and geopolitical risks </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">According to the latest information available, global growth remains stable at approximately 3% year-on- year. Throughout the year there
was an increase in the dynamism of global trade, the manufacturing cycle and the confidence indicators, due to lax monetary conditions, fiscal policies that, although not expansive, are also not cyclical, moderate raw material prices, especially oil
prices (which favors the demand of importing economies) and the gradual reduction of the accumulated private leverage excess in developed economies. All of this would favor a slight improvement in global growth in 2017. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">The risks of this scenario are compounded by: </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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">increasing vulnerabilities in China caused by the accumulation of corporate debt; </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">uncertainty about the effective implementation of Great Britain&#146;s UE exit process; </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">uncertainty arising from the potential increase in trade protectionism. All this in a complex geopolitical environment
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">The remaining events that make up the uncertainties for 2017, which could affect the valuation of the
Group&#146;s holdings in certain countries: </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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Upward inflationary pressure and downward pressure on Mexico&#146;s growth. The Central Bank of Mexico (Banxico) has
continued the interest rate increases since the end of 2015, around 50 basis points per quarter, to 5.75% in December. Next steps are likely to go in the same direction to counteract upward inflationary pressure and expectations against the
depreciation of the Mexican peso (in 2016, -13.1% year-on-year depreciation against the euro). This behavior results from the deterioration of Mexico&#146;s growth expectations, assuming a less favorable framework for trade relations with the United
States. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">In terms of geopolitical tensions in some geographies, it is noteworthy the uncertainty following the attempt of coup
d&#146;etat last July in Turkey, which together with the tightening of global financing conditions favors an intense slowdown in economic growth. </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">In this regard, the Group&#146;s geographical diversification is a key element in achieving a high level of revenue recurrence, despite
the environmental conditions and economic cycles of the economies in which it operates. </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Regulatory and reputational risks </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Financial institutions are exposed to a complex and ever-changing regulatory environment defined by governments and
regulators. This can affect their ability to grow and the capacity of certain businesses to develop, and result in stricter liquidity and capital requirements with lower profitability ratios. The Group constantly monitors changes in the regulatory
framework that allow for anticipation and adaptation to them in a timely manner, adopt best practices and more efficient and rigorous criteria in its implementation. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The financial sector is under ever closer scrutiny by regulators, governments and society itself. Negative news or
inappropriate behavior can significantly damage the Group&#146;s reputation and affect its ability to develop a sustainable business. The attitudes and behaviors of the group and its members are governed by the principles of integrity, honesty,
long-term vision and best practices through, inter alia, internal control Model, the Code of Conduct, tax strategy and Responsible Business Strategy of the Group. </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">F-57 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Business, operational and legal risks </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">New technologies and forms of customer relationships: Developments in the digital world and in information technologies
pose significant challenges for financial institutions, entailing threats (new competitors, disintermediation&#133;) but also opportunities (new framework of relations with customers, greater ability to adapt to their needs, new products and
distribution channels...). Digital transformation is a priority for the Group as it aims to lead digital banking of the future as one of its objectives. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Technological risks and security breaches: The Group is exposed to new threats such as cyber-attacks, theft of internal
and customer databases, fraud in payment systems, etc. that require major investments in security from both the technological and human point of view. The Group gives great importance to the active operational and technological risk management and
control. One example was the early adoption of advanced models for management of these risks (AMA - Advanced Measurement Approach). </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The financial sector is exposed to increasing litigation, so the financial institutions face a large number of
proceedings which economic consequences are difficult to determine. The Group manages and monitors these proceedings to defend its interests, where necessary allocating the corresponding provisions to cover them, following the expert criteria of
internal lawyers and external attorneys responsible for the legal handling of the procedures, in accordance with applicable legislation. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1"><A NAME="fin368256_13i"></A>7.3</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Credit risk </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Credit risk arises from the probability that one party to a financial instrument will fail to meet its contractual obligations for reasons of insolvency
or inability to pay and cause a financial loss for the other party. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">It is the most important risk for the Group and includes counterparty risk,
issuer risk, settlement risk and country risk management. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The principles underpinning credit risk management in BBVA are as follows: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Availability of basic information for the study and proposal of risk, and supporting documentation for approval, which
sets out the conditions required by the internal relevant body. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Sufficient generation of funds and asset solvency of the customer to assume principal and interest repayments of loans
owed. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Establishment of adequate and sufficient guarantees that allow effective recovery of the operation, this being
considered a secondary and exceptional method of recovery when the first has failed. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Credit risk management in the Group has an
integrated structure for all its functions, allowing decisions to be taken objectively and independently throughout the life cycle of the risk. </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">At Group level: frameworks for action and standard rules of conduct are defined for handling risk, specifically, the
circuits, procedures, structure and supervision. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">At the business area level: they are responsible for adapting the Group&#146;s criteria to the local realities of each
geographical area and for direct management of risk according to the decision-making circuit: </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Retail risks: in general, the decisions are formalized according to the scoring tools, within the general framework for
action of each business area with regard to risks. The changes in weighting and variables of these tools must be validated by the corporate GRM area. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Wholesale risks: in general, the decisions are formalized by each business area within its general framework for action
with regard to risks, which incorporates the delegation rule and the Group&#146;s corporate policies. </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">F-58 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5"><A NAME="fin368256_13j"></A>7.3.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Credit risk exposure </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; 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 (see definition below) by
headings in the balance sheets as of December&nbsp;31, 2016, 2015 and 2014 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: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="88%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Maximum Credit Risk Exposure</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Notes&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Financial assets held for trading</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4">10</FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>31,995</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>37,424</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>39,028</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,166</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32,825</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33,883</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Government</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">24,165</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">29,454</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">28,212</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,652</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,765</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,048</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Other sectors</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,349</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,606</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,623</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,675</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,534</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,017</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Customer lending</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">154</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">65</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">128</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other financial assets designated at fair value through profit or loss</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,062</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,311</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,761</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and advances to credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">142</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">173</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">737</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Government</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">84</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">132</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">141</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">47</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">29</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Other sectors</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">580</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,920</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,075</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,024</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Available-for-sale financial assets</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>79,553</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>113,710</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>95,049</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">74,739</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">108,448</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">87,679</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Government</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">55,047</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">81,579</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">63,764</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,011</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8,069</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,377</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Other sectors</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">14,682</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">18,800</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">16,538</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,814</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,262</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,370</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"><FONT COLOR="#094fa4"><B>Loans and receivables</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>482,011</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>490,580</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>390,362</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and advances to central banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">13.1</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,894</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,830</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,429</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and advances to credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">13.1</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31,416</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29,368</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25,371</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and advances to customers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">13.2</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">430,474</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">432,856</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">352,900</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Government</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">34,873</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">38,611</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">37,113</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Agriculture</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,312</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,315</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,348</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Industry</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">57,072</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">56,913</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">37,580</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Real estate and construction</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">37,002</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">38,964</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">33,152</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Trade and finance</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">47,045</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">43,576</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">43,880</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Loans to individuals</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">192,281</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">194,288</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">158,586</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">57,889</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">56,188</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">38,242</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">13.3</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,226</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,526</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,663</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Government</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,709</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,275</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,608</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">37</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">125</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">81</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Other sectors</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,481</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,126</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">975</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Held-to-maturity investments</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>17,710</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Government</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,049</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,515</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other sectors</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">146</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"><FONT COLOR="#094fa4"><B>Derivatives (trading and hedging)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>54,122</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>49,350</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>47,248</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"><FONT COLOR="#094fa4"><B>Total Financial Assets Risk</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>667,454</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>693,375</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>574,448</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loan commitments given</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">107,254</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">123,620</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">96,714</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial guarantees given</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,267</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,176</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,398</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other Commitments given</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42,592</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42,813</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,881</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Total Loan commitments and financial guarantees</B></FONT></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><FONT COLOR="#094fa4">33</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#094fa4"><B>168,113</B></FONT></TD>
<TD NOWRAP VALIGN="top"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#094fa4"><B>185,609</B></FONT></TD>
<TD NOWRAP VALIGN="top"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#094fa4"><B>139,993</B></FONT></TD>
<TD NOWRAP VALIGN="top"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Total Maximum Credit Exposure</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>835,567</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>878,984</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>714,441</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-59 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The maximum credit exposure presented in the table above is determined by type of financial asset as
explained below: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">In the case of financial assets recognized in the consolidated balance sheets, exposure to credit risk is considered
equal to its carrying amount (not including impairment losses), with the sole exception of derivatives and hedging derivatives. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 maximum credit risk exposure on financial guarantees granted is the maximum that the Group would be liable for if
these guarantees were called in, and that is their carrying amount. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Our calculation of risk exposure for derivatives is based on the sum of two factors: the derivatives fair value and
their potential risk (or &#147;add-on&#148;). </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The first factor, fair value, reflects the difference between original commitments and fair values on the reporting date
(mark-to-market). As indicated in Note 2.2.1, derivatives are accounted for as of each reporting date at fair value in accordance with IAS 39. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The second factor, potential risk (&#145;add-on&#146;), is an estimate of the maximum increase to be expected on risk
exposure over a derivative fair value (at a given statistical confidence level) as a result of future changes in the fair value over the remaining term of the derivatives. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The consideration of the potential risk (&#147;add-on&#148;) relates the risk exposure to the exposure level at the time of a customer&#146;s default.
The exposure level will depend on the customer&#146;s credit quality and the type of transaction with such customer. Given the fact that default is an uncertain event which might occur any time during the life of a contract, the BBVA Group has to
consider not only the credit exposure of the derivatives on the reporting date, but also the potential changes in exposure during the life of the contract. This is especially important for derivatives, whose valuation changes substantially
throughout their terms, depending on the fluctuation of market prices. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown by counterparty and product of loans and advances, net of
impairment losses, classified in the different headings of the assets, as of December&nbsp;31, 2016 and 2015 is shown below: </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">F-60 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="72%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="26"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Central&nbsp;banks&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>General&nbsp;governments&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Credit&nbsp;institutions&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Other&nbsp;financial&nbsp;&nbsp;&nbsp;<BR>corporations&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" NOWRAP ALIGN="center"><FONT COLOR="#fcfcfc"><B>Non-financial&nbsp;&nbsp;<BR>corporations&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Households&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>On demand and short notice</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">373</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">246</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,125</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,507</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,251</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Credit card debt</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,875</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,719</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,596</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Trade receivables</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,091</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">998</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">20,246</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">418</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">23,753</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Finance leases</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">261</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">57</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,647</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">477</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,442</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Reverse repurchase loans</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">81</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">544</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,597</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,746</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,968</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other term loans</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,814</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29,140</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,694</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,878</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">136,105</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">167,892</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">356,524</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Advances that are not loans</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#bfbfbf">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#bfbfbf">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#bfbfbf">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,410</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8,083</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,082</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,194</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">620</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">14,389</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Loans and advances</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,894</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>34,820</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>31,373</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>17,009</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>176,192</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>186,633</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>454,921</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4" BGCOLOR="#bfbfbf"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">of which: mortgage loans [Loans collateralized by immovable property]</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,722</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">112</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">690</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">44,406</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">132,398</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">182,328</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">of which: other collateralized loans</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,700</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">15,191</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8,164</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">21,863</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,061</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">54,979</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">of which: credit for consumption</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></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>
<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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">44,504</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">44,504</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">of which: lending for house purchase</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">127,606</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">127,606</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">of which: project finance loans</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">19,269</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">19,269</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="28"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="26"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Central&nbsp;banks&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>General&nbsp;governments&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Credit&nbsp;institutions&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Other&nbsp;financial&nbsp;&nbsp;<BR>corporations&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" NOWRAP ALIGN="center"><FONT COLOR="#fcfcfc"><B>Non-financial&nbsp;&nbsp;<BR>corporations&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Households&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>On demand and short notice</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">783</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,356</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,050</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,228</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Credit card debt</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,892</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,057</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,952</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Trade receivables</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,055</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">800</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">19,605</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">411</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">23,871</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Finance leases</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">301</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">420</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,534</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,103</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,357</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Reverse repurchase loans</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">149</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">326</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,676</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,717</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,877</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other term loans</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,017</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31,971</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,990</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,968</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">134,952</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">168,729</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">360,626</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Advances that are not loans</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,664</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,108</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,713</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,261</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">919</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">863</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,528</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Loans and advances</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>17,830</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>38,544</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>29,379</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,206</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>173,267</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>188,213</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>461,438</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4" BGCOLOR="#bfbfbf"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">of which: mortgage loans [Loans collateralized by immovable property]</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,483</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">264</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">656</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">43,961</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">135,102</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">184,466</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">of which: other collateralized loans</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,868</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">12,434</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,085</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">22,928</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,131</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">51,446</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">of which: credit for consumption</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">40,906</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">40,906</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">of which: lending for house purchase</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">126,591</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">126,591</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">of which: project finance loans</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">21,141</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">21,141</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&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">F-61 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5"><A NAME="fin368256_13k"></A>7.3.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Mitigation of credit risk, collateralized credit risk and other credit enhancements
</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In most cases, maximum credit risk exposure is reduced by collateral, credit enhancements and other actions which mitigate
the Group&#146;s exposure. The BBVA Group applies a credit risk hedging and mitigation policy deriving from a banking approach focused on relationship banking. The existence of guarantees could be a necessary but not sufficient instrument for
accepting risks, as the assumption of risks by the Group requires prior evaluation of the debtor&#146;s capacity for repayment, or that the debtor can generate sufficient resources to allow the amortization of the risk incurred under the agreed
terms. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The policy of accepting risks is therefore organized into three different levels in the BBVA Group: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Analysis of the financial risk of the operation, based on the debtor&#146;s capacity for repayment or generation of
funds; </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 constitution of guarantees that are adequate, or at any rate generally accepted, for the risk assumed, in any of the
generally accepted forms: monetary, secured, personal or hedge guarantees; and finally, </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Assessment of the repayment risk (asset liquidity) of the guarantees received. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The procedures for the management and valuation of collaterals are set out in the Corporate Policies (retail and wholesale), which establish the basic
principles for credit risk management, including the management of collaterals assigned in transactions with customers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The methods used to value
the collateral are in line with the best market practices and imply the use of appraisal of real-estate collateral, the market price in market securities, the trading price of shares in mutual funds, etc. All the collaterals assigned must be
properly drawn up and entered in the corresponding register. They must also have the approval of the Group&#146;s legal units. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The following is a
description of the main types of collateral for each financial instrument class: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Financial instruments held for trading: The guarantees or credit enhancements obtained directly from the issuer or
counterparty are implicit in the clauses of the instrument. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Derivatives and hedging derivatives: In derivatives, credit risk is minimized through contractual netting agreements,
where positive- and negative-value derivatives with the same counterparty are offset for their net balance. There may likewise be other kinds of guarantees, depending on counterparty solvency and the nature of the transaction. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Other financial assets designated at fair value through profit or loss and Available-for-sale financial assets: The
guarantees or credit enhancements obtained directly from the issuer or counterparty are inherent to the structure of the instrument. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Loans and receivables: </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Loans and advances to credit institutions: These usually only have the counterparty&#146;s personal guarantee.
</P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Loans and advances to customers: Most of these loans and advances are backed by personal guarantees extended by the own
customer. There may also be collateral to secure loans and advances to customers (such as mortgages, cash collaterals, pledged securities and other collateral), or to obtain other credit enhancements (bonds, hedging, etc.). </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Debt securities: The guarantees or credit enhancements obtained directly from the issuer or counterparty are inherent to
the structure of the instrument. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Collateralized loans granted by the Group as of December&nbsp;31, 2016, 2015 and 2014 excluding
balances deemed impaired, is broken down in Note 13.2. </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Financial guarantees, other contingent risks and drawable by third parties: These have the counterparty&#146;s personal
guarantee. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5"><A NAME="fin368256_13l"></A>7.3.3</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Credit quality of financial assets that are neither past due nor impaired
</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The BBVA Group has tools (&#147;scoring&#148; and &#147;rating&#148;) that enable it to rank the credit quality of its
operations and customers based on an assessment and its correspondence with the probability of default (&#147;PD&#148;) scales. To analyze the performance of PD, the Group has a series of tracking tools and historical databases that collect the
pertinent internally generated information, which can basically be grouped together into scoring and rating models. </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">F-62 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Scoring </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Scoring is a decision-making model that contributes to both the arrangement and management of retail loans: consumer loans, mortgages, credit cards for
individuals, etc. Scoring is the tool used to decide to originate a loan, what amount should be originated and what strategies can help establish the price, because it is an algorithm that sorts transactions by their credit quality. This algorithm
enables the BBVA Group to assign a score to each transaction requested by a customer, on the basis of a series of objective characteristics that have statistically been shown to discriminate between the quality and risk of this type of transactions.
The advantage of scoring lies in its simplicity and homogeneity: all that is needed is a series of objective data for each customer, and this data is analyzed automatically using an algorithm. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">There are three types of scoring, based on the information used and on its purpose: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Reactive scoring: measures the risk of a transaction requested by an individual using variables relating to the
requested transaction and to the customer&#146;s socio-economic data available at the time of the request. The new transaction is approved or rejected depending on the score. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Behavioral scoring: scores transactions for a given product in an outstanding risk portfolio of the entity, enabling the
credit rating to be tracked and the customer&#146;s needs to be anticipated. It uses transaction and customer variables available internally. Specifically, variables that refer to the behavior of both the product and the customer.
</P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Proactive scoring: gives a score at customer level using variables related to the individual&#146;s general behavior
with the entity, and to his/her payment behavior in all the contracted products. The purpose is to track the customer&#146;s credit quality and it is used to pre-grant new transactions. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rating </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Rating tools, as opposed to
scoring tools, do not assess transactions but focus on the rating of customers instead: companies, corporations, SMEs, general governments, etc. A rating tool is an instrument that, based on a detailed financial study, helps determine a
customer&#146;s ability to meet his/her financial obligations. The final rating is usually a combination of various factors: on one hand, quantitative factors, and on the other hand, qualitative factors. It is a middle road between an individual
analysis and a statistical analysis. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The main difference between ratings and scorings is that the latter are used to assess retail products, while
ratings use a wholesale banking customer approach. Moreover, scorings only include objective variables, while ratings add qualitative information. And although both are based on statistical studies, adding a business view, rating tools give more
weight to the business criterion compared to scoring tools. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">For portfolios where the number of defaults is very low (sovereign risk, corporates,
financial entities, etc.) the internal information is supplemented by &#147;benchmarking&#148; of the external rating agencies (Moody&#146;s, Standard&nbsp;&amp; Poor&#146;s and Fitch). To this end, each year the PDs compiled by the rating agencies
at each level of risk rating are compared, and the measurements compiled by the various agencies are mapped against those of the BBVA master rating scale. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Once the probability of default of a transaction or customer has been calculated, a &#147;business cycle adjustment&#148; is carried out. This is a
means of establishing a measure of risk that goes beyond the time of its calculation. The aim is to capture representative information of the behavior of portfolios over a complete economic cycle. This probability is linked to the Master Rating
Scale prepared by the BBVA Group to enable uniform classification of the Group&#146;s various asset risk portfolios. </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">F-63 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The table below shows the abridged scale used to classify the BBVA Group&#146;s outstanding risk as of
December&nbsp;31, 2016: </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="39%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="37%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT STYLE="font-size:8pt" COLOR="#fcfcfc"><B>External rating</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc">Internal&nbsp;rating</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="10" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc">Probability of default</FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc">(basic&nbsp;points)</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT STYLE="font-size:8pt" COLOR="#fcfcfc"><B>Standard&amp;Poor&#146;s List</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc">Reduced&nbsp;List&nbsp;(22&nbsp;groups)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc">Average</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#fcfcfc">Minimum&nbsp;&nbsp;<BR>from
&gt;=&nbsp;&nbsp;</FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#fcfcfc">Maximum&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">AAA</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">AAA</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">AA+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">AA+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">AA</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">AA</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">AA-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">AA-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">A+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">A+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">A</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">A</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">A-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">A-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BBB+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BBB+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BBB</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BBB</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;BBB-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BBB-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">39</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BB+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BB+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">51</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BB</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BB</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">88</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">116</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BB-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BB-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">150</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">116</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">194</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">B+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">B+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">255</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">194</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">335</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">B</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">B</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">441</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">335</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">581</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">B-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">B-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">785</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">581</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,061</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">CCC+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">CCC+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,191</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,061</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,336</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">CCC</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">CCC</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,500</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,336</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,684</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">CCC-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">CCC-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,890</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,684</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,121</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">CC+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">CC+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,381</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,121</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,673</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">CC</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">CC</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,000</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,673</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,367</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">CC-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">CC-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,780</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,367</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,243</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These different levels and their probability of default were calculated by using as a reference the rating scales and
default rates provided by the external agencies Standard&nbsp;&amp; Poor&#146;s and Moody&#146;s. These calculations establish the levels of probability of default for the BBVA Group&#146;s Master Rating Scale. Although this scale is common to the
entire Group, the calibrations (mapping scores to PD sections/Master Rating Scale levels) are carried out at tool level for each country in which the Group has tools available. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The table below outlines the distribution of exposure, including derivatives, by internal ratings, to corporates, financial entities and institutions
(excluding sovereign risk), of BBVA, S.A., Bancomer, Compass and subsidiaries in Spain as of December&nbsp;31, 2016 and 2015: </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="87%" 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></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc">December 2016</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc">December 2015</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle"><FONT STYLE="font-size:8pt" COLOR="#fcfcfc"><B>Credit Risk Distribution by Internal Rating</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc">Amount</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc">(Millions&nbsp;of&nbsp;<BR>Euros)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT STYLE="font-size:9pt" COLOR="#fcfcfc">%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc">Amount</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc">(Millions&nbsp;of&nbsp;<BR>Euros)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT STYLE="font-size:9pt" COLOR="#fcfcfc">%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">AAA/AA+/AA/AA-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35,430</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11.84</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,913</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9.17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">A+/A/A-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">58,702</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19.62</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62,798</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20.64</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BBB+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">43,962</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14.69</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">43,432</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14.27</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BBB</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,388</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9.15</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,612</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9.40</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BBB-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41,713</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13.94</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,821</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13.41</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BB+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32,694</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10.92</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,355</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9.32</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BB</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,653</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.57</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,008</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7.56</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BB-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,664</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4.57</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,548</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4.12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">B+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,366</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3.46</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,597</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.83</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">B</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,857</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.62</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,731</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.88</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">B-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,687</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,998</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.31</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">CCC/CC</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,149</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.39</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,488</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.08</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>299,264</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>100.00</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>%&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>304,300</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>100.00</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>%&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">F-64 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5"><A NAME="fin368256_13m"></A>7.3.4</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Past due but not impaired and impaired secured loans risks </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The table below provides details by counterpart and by product of past due risks but not considered to be impaired, as of December&nbsp;31, 2016 and
2015, listed by their first past-due date; as well as the breakdown of the debt securities and loans and advances individually and collectively estimated, and the specific allowances for individually estimated and for collectively estimated (see
Note 2.2.1): </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">F-65 </P>


<p Style='page-break-before:always'>
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<TD VALIGN="bottom" COLSPAN="36"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff; BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>Past&nbsp;due&nbsp;but&nbsp;not&nbsp;impaired</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Impaired&nbsp;assets&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Carrying&nbsp;amount<BR>of the impaired<BR>assets</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Specific<BR>allowances&nbsp;for<BR>financial&nbsp;assets,<BR>individually&nbsp;<BR>estimated</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Specific<BR>allowances&nbsp;for<BR>financial&nbsp;assets,<BR>collectively<BR>estimated</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Collective<BR>allowances&nbsp;for<BR>incurred&nbsp;but&nbsp;not<BR>reported losses</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Accumulated<BR>write-offs</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B></B><FONT STYLE="font-family:Times New Roman" COLOR="#fcfcfc"><FONT STYLE="FONT-FAMILY:SYMBOL">&#163;</FONT></FONT><FONT COLOR="#fcfcfc"><B></B></FONT><B>&nbsp;30&nbsp;days&nbsp;
&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&gt;&nbsp;30&nbsp;days&nbsp;
</B><FONT STYLE="font-family:Times New Roman" COLOR="#fcfcfc"><FONT STYLE="FONT-FAMILY:SYMBOL">&#163;</FONT></FONT><FONT COLOR="#fcfcfc"><B></B></FONT><B>&nbsp;60&nbsp;days&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&gt;&nbsp;60&nbsp;days&nbsp;<U>&lt;</U>&nbsp;90&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>days</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Debt securities</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>272</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>128</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(120</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(24</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(46</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(1</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Loans and advances</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,384</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>696</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>735</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22,925</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12,133</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,084</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(7,708</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(5,224</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(29,346</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Central banks</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">General governments</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">66</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">295</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">256</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(19</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">82</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(36</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other financial corporations</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(57</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Non-financial corporations</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">968</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">209</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">204</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,786</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,383</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2,602</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4,801</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2,789</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(18,020</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Households</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,343</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">479</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">426</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,801</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,483</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(458</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2,860</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2,329</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(11,303</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>TOTAL</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,384</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>696</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>735</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>23,197</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12,261</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,204</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(7,733</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(5,270</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(29,347</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Loans and advances by product, by collateral and by subordination</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">On demand (call) and short notice (current account)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">79</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">562</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">249</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(70</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(243</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Credit card debt</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">377</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">88</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">124</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">643</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">114</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(518</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">Trade receivables</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">51</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">15</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">424</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">87</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">(67</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">(271</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">Finance leases</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">188</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">107</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">59</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">516</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">252</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">(18</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">(246</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">Reverse repurchase loans</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">82</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">(1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">Other term loans</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">2,685</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">469</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">407</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">20,765</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">11,429</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">(2,909</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">(6,427</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">Advances that are not loans</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">21</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">(10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">(2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><I>of which: mortgage loans (Loans collateralized by inmovable property)</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">1,202</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">265</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">254</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">16,526</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">9,008</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">(1,256</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">(4,594</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><I>of which: other collateralized loans</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">593</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">124</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">47</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">1,129</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">656</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">(93</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">(181</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><I>of which: credit for consumption</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">1,186</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">227</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">269</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">1,622</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">455</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">(145</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">(1,023</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><I>of which: lending for house purchase</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">883</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">194</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">105</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">6,094</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">4,546</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">(140</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">(1,408</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><I>of which: project finance loans</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">138</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">0</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">253</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">105</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">(76</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:7pt" COLOR="#094fa4">(71</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></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:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&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:9pt">In the appendix X there is a breakdown of loans and advances in the heading of Loans and receivables impaired by
geographical areas </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">F-66 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="36"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff; BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>Past&nbsp;due&nbsp;but&nbsp;not&nbsp;impaired</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Impaired&nbsp;assets&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(*)</B></FONT></P></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Carrying&nbsp;amount<BR>of the impaired<BR>assets</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Specific<BR>allowances&nbsp;for<BR>financial&nbsp;assets,<BR>individually<BR>estimated</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Specific<BR>allowances&nbsp;for<BR>financial&nbsp;assets,<BR>collectively<BR>estimated</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Collective<BR>allowances&nbsp;for<BR>incurred&nbsp;but&nbsp;not<BR>reported losses</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Accumulated<BR>write-offs</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B></B><FONT STYLE="font-family:Times New Roman" COLOR="#fcfcfc"><FONT STYLE="FONT-FAMILY:SYMBOL">&#163;</FONT></FONT><FONT COLOR="#fcfcfc"><B></B></FONT><B>&nbsp;30&nbsp;days&nbsp;
&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&gt;&nbsp;30&nbsp;days&nbsp;</B><FONT
STYLE="font-family:Times New Roman" COLOR="#fcfcfc"><FONT STYLE="FONT-FAMILY:SYMBOL">&#163;</FONT></FONT><FONT COLOR="#fcfcfc"><B></B></FONT><B>&nbsp;60&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>days&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&gt;&nbsp;60&nbsp;days&nbsp;<U>&lt;</U>&nbsp;90&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>days</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Debt securities</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>81</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>46</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(21</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(14</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(113</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Loans and advances</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,445</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>825</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>404</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>25,358</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12,527</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,830</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(9,001</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(5,911</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(26,143</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Central banks</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">General governments</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">154</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">278</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">194</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">157</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(14</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(30</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(19</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(34</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other financial corporations</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(27</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(124</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Non-financial corporations</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">838</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">148</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">48</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,254</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,029</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3,153</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6,071</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3,096</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(15,372</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Households</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,446</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">399</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">340</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,817</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,303</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(641</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2,873</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2,626</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(10,743</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>TOTAL</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,445</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>825</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>404</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>25,439</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12,573</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,851</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(9,015</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(6,024</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(26,143</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Loans and advances by product, by collateral and by subordination</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">On demand (call) and short notice (current account)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">134</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">634</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">204</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(106</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(324</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Credit card debt</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">389</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">74</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">126</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">689</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">161</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(24</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(503</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Trade receivables</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">98</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">628</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">179</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(119</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(330</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Finance leases</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">136</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">529</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">222</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(31</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(276</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Reverse repurchase loans</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other term loans</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,685</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">682</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">227</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,764</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,747</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3,540</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(7,477</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Advances that are not loans</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">113</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(89</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><I>of which: mortgage loans (Loans collateralized by inmovable property)</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,342</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">266</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">106</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,526</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,767</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,705</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5,172</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><I>of which: other collateralized loans</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">589</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">102</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,129</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">809</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(182</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(157</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><I>of which: credit for consumption</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">957</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">164</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">220</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,543</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">404</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(129</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,010</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><I>of which: lending for house purchase</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">616</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">174</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">110</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,918</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,303</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(293</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,322</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><I>of which: project finance loans</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">276</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">66</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(32</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(178</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></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:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&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:9pt">In the appendix X there is a breakdown of the impaired loans and advances by geographical areas. </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">F-67 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of loans and advances of loans and receivables, impaired and accumulated impairment by
sectors as of December&nbsp;31, 2016 and 2015 is as follows: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B><FONT STYLE="white-space:nowrap">Of&nbsp;which:&nbsp;non-performing</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Accumulated
impairment<BR>or&nbsp;Accumulated&nbsp;changes&nbsp;in<BR>fair&nbsp;value&nbsp;due&nbsp;to&nbsp;credit</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>risk</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B><FONT STYLE="white-space:nowrap">Non-performing</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>loans&nbsp;and<BR>advances&nbsp;as&nbsp;a&nbsp;%<BR>of the total</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>General governments</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>295</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(52</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>0.8</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>%&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Credit institutions</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(42</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>0.0</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>%&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other financial corporations</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>34</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(82</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>0.2</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>%&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Non-financial corporations</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13,786</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(10,192</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7.4</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>%&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Agriculture, forestry and fishing</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">221</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(188</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5.1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Mining and quarrying</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">126</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(83</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3.3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Manufacturing</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,569</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,201</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4.5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Electricity, gas, steam and air conditioning supply</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">569</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(402</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3.2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Water supply</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3.5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Construction</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,358</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3,162</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26.3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Wholesale and retail trade</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,857</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,418</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Transport and storage</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">442</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(501</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4.5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Accommodation and food service activities</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">499</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(273</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5.9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Information and communication</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">112</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(110</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Real estate activities</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,441</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,074</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8.7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Professional, scientific and technical activities</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">442</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(380</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.0</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Administrative and support service activities</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">182</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(107</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7.3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Public administration and defense, compulsory social security</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3.0</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Education</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">58</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(31</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5.4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Human health services and social work activities</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">89</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(88</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Arts, entertainment and recreation</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">84</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(51</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5.1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">691</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,088</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4.2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Households</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,801</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(5,648</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4.6</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>%&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>LOANS AND ADVANCES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22,925</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(16,016</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5.0</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>%&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="12"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Non-performing</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Accumulated
impairment<BR>or Accumulated changes in<BR>fair value due to credit</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>risk</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Non-performing<BR>loans and<BR>advances&nbsp;as&nbsp;a&nbsp;%<BR>of the total</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>General governments</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>194</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(67</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>0.5</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>%&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Credit institutions</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>25</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(51</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>0.1</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>%&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other financial corporations</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>67</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(162</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>0.5</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>%&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Non-financial corporations</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>16,254</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(12,321</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8.8</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>%&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Agriculture, forestry and fishing</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">231</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(180</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5.4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Mining and quarrying</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">192</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(114</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4.7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Manufacturing</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,947</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,729</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5.8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Electricity, gas, steam and air conditioning supply</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">250</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(395</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Water supply</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5.2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Construction</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,585</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4,469</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30.1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Wholesale and retail trade</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,829</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,386</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Transport and storage</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">616</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(607</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Accommodation and food service activities</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">567</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(347</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7.0</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Information and communication</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">110</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(100</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Real estate activities</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,547</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,194</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9.1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Professional, scientific and technical activities</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">944</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(454</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12.8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Administrative and support service activities</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">224</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(148</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Public administration and defence, compulsory social security</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Education</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(19</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Human health services and social work activities</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">82</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(91</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Arts, entertainment and recreation</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">100</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(63</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">942</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(977</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">%&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Households</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,817</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(6,140</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4.5</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>%&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>LOANS AND ADVANCES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>25,358</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(18,742</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5.5</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>%&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">F-68 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The changes in 2016, 2015 and 2014 of impaired financial assets and guarantees are as follow: </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="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Changes in
Impaired Financial Assets and Contingent Risks</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD></TR>


<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Balance at the beginning</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>26,103</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23,234</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>25,978</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Additions (*)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11,133</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">14,872</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8,874</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Decreases (**)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(7,633)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(6,720)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(7,172)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Net additions</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,500</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8,152</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,702</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Amounts written-off</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(5,592)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,989)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,720)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Exchange differences and other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(134)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(295)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">274</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Balance at the end</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23,877</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>26,103</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23,234</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" 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">Includes the balance amounts attributable to Catalunya Banc upon its consolidation in April 2015 of <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>3,969&nbsp;million and Garanti Group in July 2015 of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>1,845 million. </P></TD>
<TD WIDTH="5%">&nbsp;</TD></TR></TABLE> <P STYLE="font-size:4pt;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 style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" 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">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 (see Notes 20 and 21 to the consolidated financial statement for additional information). </P></TD>
<TD WIDTH="5%">&nbsp;</TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The changes in 2016, 2015 and 2014 in financial assets derecognized from the accompanying consolidated balance
sheet as their recovery is considered unlikely (hereinafter &#147;write-offs&#148;), is shown below: </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="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Changes in
Impaired Financial Assets Written-Off from the Balance Sheet</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD></TR>


<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Balance at the beginning</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>26,143</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23,583</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>20,752</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Acquisition of&nbsp;subsidiaries&nbsp;in the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,362</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Increase:</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,699</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,172</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,878</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Decrease:</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,384)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,830)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,204)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Re-financing or restructuring</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(32)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(28)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Cash recovery (Note 47)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(541)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(490)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(443)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Foreclosed assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(210)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(159)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(116)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Sales of written-off</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(45)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(54)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(66)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt forgiveness</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(864)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3,119)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,231)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Time-barred debt and other causes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(692)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(980)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(345)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Net exchange differences</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(111)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(144)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">156</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Balance at the end</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>29,347</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>26,143</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23,583</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As indicated in Note 2.2.1, although they have been derecognized from the consolidated balance sheet, the BBVA Group
continues to attempt to collect on these written-off financial assets, until the rights to receive them are fully extinguished, either because it is time-barred financial asset, the financial asset is condoned, or other reasons. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1"><A NAME="fin368256_13n"></A>7.3.5</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#006ec1">Impairment losses </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Below are the changes in 2016 and 2015, in the provisions recognized on the accompanying consolidated balance sheets to cover estimated impairment
losses in loans and advances and debt securities, according to the different headings under which they are classified in the accompanying consolidated balance sheet: </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">F-69 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD></TD>
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<TD VALIGN="bottom" WIDTH="1%"></TD>
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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="30" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December&nbsp;2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Opening&nbsp;balance&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Increases&nbsp;due&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>to&nbsp;amounts&nbsp;set&nbsp;aside&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>for&nbsp;estimated&nbsp;loan&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>losses during the<BR>period&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Decreases&nbsp;due&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>to&nbsp;amounts&nbsp;reversed&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>for&nbsp;estimated&nbsp;loan&nbsp;&nbsp;<BR>losses&nbsp;during&nbsp;the&nbsp;&nbsp;<BR>period&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Decreases due&nbsp;&nbsp;<BR>toamounts taken&nbsp;&nbsp;<BR>against&nbsp;allowances&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Transfers&nbsp;between&nbsp;&nbsp;<BR>allowances&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Other&nbsp;adjustments&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Closing&nbsp;balance&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Recoveries&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>recorded&nbsp;directly&nbsp;to&nbsp;&nbsp;<BR>the statement of&nbsp;&nbsp;<BR>profit&nbsp;or&nbsp;loss&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Equity instruments</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Specific allowances for financial assets, individually estimated</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,851)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(765)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>351</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>283</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>749</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>30</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,204)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Debt securities</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(21)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(164)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>64</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(120)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Central banks</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>General governments</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Credit institutions</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(20)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(15)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Other financial corporations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(26)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Non-financial corporations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(138)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(103)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Loans and advances</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,830)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(601)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>348</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>220</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>749</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>31</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,084)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Central banks</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>General governments</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(14)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(19)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Credit institutions</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(11)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Other financial corporations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(11)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Non-financial corporations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3,153)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(494)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">310</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">206</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">525</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,602)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Households</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(641)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(104)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">35</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">214</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(458)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Specific allowances for financial assets, collectively estimated</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(9,015)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(6,146)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,357</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>5,390</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(872)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>553</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(7,733)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>538</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Debt securities</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(14)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(2)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(10)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(24)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Central banks</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>General governments</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Credit institutions</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Other financial corporations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(14)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(10)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(24)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Non-financial corporations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Loans and advances</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(9,001)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(6,144)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,354</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>5,390</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(862)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>554</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(7,708)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>538</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Central banks</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>General governments</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(23)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(21)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(20)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Credit institutions</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(7)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Other financial corporations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(27)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(31)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(20)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Non-financial corporations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(6,071)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3,211)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,848</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,051</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(804)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">386</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,801)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">335</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Households</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,873)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,898)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">476</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,312</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(42)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">165</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,860)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">203</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Collective allowances for incurred but not reported losses on financial assets</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(6,024)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,558)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>1,463</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>88</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>775</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(15)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(5,270)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>1</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Debt securities</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(113)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(11)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">64</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(46)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Loans and advances</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(5,911)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,546)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,449</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">87</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">711</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(15)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(5,224)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(18,890)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(8,470)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,172</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>5,762</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>652</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>568</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(16,206)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>541</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&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">F-70 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TR>
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<TD></TD>
<TD></TD>
<TD></TD>
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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="30" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December&nbsp;2015</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Opening&nbsp;balance&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Increases&nbsp;due&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>to&nbsp;amounts&nbsp;set&nbsp;aside&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>for&nbsp;estimated&nbsp;loan&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>losses during the<BR>period&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Decreases&nbsp;due&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>to&nbsp;amounts&nbsp;reversed&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>for&nbsp;estimated&nbsp;loan&nbsp;&nbsp;<BR>losses&nbsp;during&nbsp;the&nbsp;&nbsp;<BR>period&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Decreases due&nbsp;&nbsp;<BR>toamounts taken&nbsp;&nbsp;<BR>against&nbsp;allowances&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Transfers&nbsp;between&nbsp;&nbsp;<BR>allowances&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Other&nbsp;adjustments&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Closing&nbsp;balance&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Recoveries&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>recorded&nbsp;directly&nbsp;to&nbsp;&nbsp;<BR>the statement of&nbsp;&nbsp;<BR>profit&nbsp;or&nbsp;loss&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Equity instruments</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Specific allowances for financial assets, individually estimated</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,563)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,375)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>27</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>384</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>154</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(479)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,851)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Debt securities</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(21)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(4)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(21)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Central banks</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>General governments</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Credit institutions</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(17)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(20)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Other financial corporations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Non-financial corporations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Loans and advances</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,542)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,371)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>384</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>154</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(478)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,830)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Central banks</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>General governments</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(9)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(15)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(14)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Credit institutions</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(13)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(0)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(11)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Other financial corporations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(240)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">233</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(5)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(11)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Non-financial corporations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,175)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(872)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">159</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(242)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(22)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3,153)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Households</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(345)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(254)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">225</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">162</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(436)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(641)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Specific allowances for financial assets, collectively estimated</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(7,956)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(4,797)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>1,408</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,778</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>234</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,681)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(9,015)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>490</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Debt securities</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(12)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(2)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(3)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(14)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Central banks</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>General governments</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Credit institutions</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Other financial corporations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>(12)</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>(2)</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>3</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>(3)</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>(14)</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Non-financial corporations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>-</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Loans and advances</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(7,944)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(4,795)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>1,404</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,778</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>234</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,678)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(9,001)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>490</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Central banks</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>General governments</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(16)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(11)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(13)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(23)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Credit institutions</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(5)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(11)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(6)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Other financial corporations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(21)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(36)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(27)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Non-financial corporations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(5,434)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,357)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,170</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,421</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(56)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,815)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(6,071)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">301</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Households</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,469)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,381)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">227</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,331</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">297</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(877)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,873)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">187</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Collective allowances for incurred but not reported losses on financial assets</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,829)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(578)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>576</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>110</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(486)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,817)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(6,024)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Debt securities</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(42)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(9)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(67)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(113)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Loans and advances</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3,787)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(569)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">570</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">110</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(420)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,816)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(5,911)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(14,348)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(6,750)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,011</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>5,272</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(98)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(4,977)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(18,890)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>490</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&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">F-71 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1"><A NAME="fin368256_13o"></A>7.3.6</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#006ec1">Refinancing and restructuring operations </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Group policies and principles with respect to refinancing and restructuring operations </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Refinancing and restructuring operations (see definition in the Glossary) are carried out with customers who have requested such an operation in order to
meet their current loan payments if they are expected, or may be expected, to experience financial difficulty in making the payments in the future. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The basic aim of a refinancing and restructuring operation is to provide the customer with a situation of financial viability over time by adapting
repayment of the loan incurred with the Group to the customer&#146;s new situation of fund generation. The use of refinancing and restructuring for other purposes, such as to delay loss recognition, is contrary to BBVA Group policies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The BBVA Group&#146;s refinancing and restructuring policies are based on the following general principles: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Refinancing and restructuring is authorized according to the capacity of customers to pay the new installments. This is
done by first identifying the origin of the payment difficulties and then carrying out an analysis of the customers&#146; viability, including an updated analysis of their economic and financial situation and capacity to pay and generate funds. If
the customer is a company, the analysis also covers the situation of the industry in which it operates. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">With the aim of increasing the solvency of the operation, new guarantees and/or guarantors of demonstrable solvency are
obtained where possible. An essential part of this process is an analysis of the effectiveness of both the new and original guarantees. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">This analysis is carried out from the overall customer or group perspective. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Refinancing and restructuring operations do not in general increase the amount of the customer&#146;s loan, except for
the expenses inherent to the operation itself. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 capacity to refinance and restructure loan is not delegated to the branches, but decided on by the risk units.
</P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 decisions made are reviewed from time to time with the aim of evaluating full compliance with refinancing and
restructuring policies. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These general principles are adapted in each case according to the conditions and circumstances of each
geographical area in which the Group operates, and to the different types of customers involved. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the case of retail customers (private
individuals), the main aim of the BBVA Group&#146;s policy on refinancing and restructuring loan is to avoid default arising from a customer&#146;s temporary liquidity problems by implementing structural solutions that do not increase the balance of
customer&#146;s loan. The solution required is adapted to each case and the loan repayment is made easier, in accordance with the following principles: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Analysis of the viability of operations based on the customer&#146;s willingness and ability to pay, which may be
reduced, but should nevertheless be present. The customer must therefore repay at least the interest on the operation in all cases. No arrangements may be concluded that involve a grace period for both principal and interest. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Refinancing and restructuring of operations is only allowed on those loans in which the BBVA Group originally entered
into. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Customers subject to refinancing and restructuring operations are excluded from marketing campaigns of any kind.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the case of non-retail customers (mainly companies, enterprises and corporates), refinancing/restructuring is authorized
according to an economic and financial viability plan based on: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Forecasted future income, margins and cash flows over a sufficiently long period (around five years) to allow entities
to implement cost adjustment measures (industrial restructuring) and a business development plan that can help reduce the level of leverage to sustainable levels (capacity to access the financial markets). </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Where appropriate, the existence of a divestment plan for assets and/or operating segments that can generate cash to
assist the deleveraging process. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 capacity of shareholders to contribute capital and/or guarantees that can support the viability of the plan.
</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">F-72 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In accordance with the Group&#146;s policy, the conclusion of a loan refinancing and restructuring
operation does not imply the loan is reclassified from &#147;impaired&#148; or &#147;standard under special monitoring&#148; to outstanding risk; such a reclassification must be based on the analysis mentioned earlier of the viability and
sufficiency of the new guarantees provided. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Group maintains the policy of including risks related to refinanced and restructured loans as either: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">&#147;Impaired assets&#148;, as although the customer is up to date with payments, they are classified as impaired for
reasons other than their default when there are significant doubts that the terms of their refinancing may not be met; or </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">&#147;Normal-risk assets&#148; (although as mentioned in the table in the following section, they continue to be
classified as &#147; standard under special monitoring&#148; until the conditions established for their consideration as outstanding risk are met). </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The conditions established for &#147;standard under special monitoring&#148; to be reclassified out of this category are 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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 customer must have paid past-due amounts (principal and interest) since the date of the renegotiation or
restructuring of the loan; </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">At least two years must have elapsed since completion of the renegotiation or restructuring of the loan;
</P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 customer must have paid at least 10% of the outstanding principal amount of the loan as well as all the past-due
amounts (principal and interest) that were outstanding as of the date of the renegotiation or restructuring of the loan; and </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">It is unlikely that the customer will have financial difficulties and, therefore, it is expected that the customer will
be able to meet its loan payment obligations (principal and interest) in a timely manner. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The BBVA Group&#146;s refinancing and
restructuring policy provides for the possibility of two modifications in a 24 month period for loans that are not in compliance with the payment schedule. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The internal models used to determine allowances for loan losses consider the restructuring and renegotiation of a loan, as well as re-defaults on such
a loan, by assigning a lower internal rating to restructured and renegotiated loans than the average internal rating assigned to non-restructured/renegotiated loans. This downgrade results in an increase in the probability of default (PD) assigned
to restructured/renegotiated loans (with the resulting PD being higher than the average PD of the non- renegotiated loans in the same portfolios).&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">For
quantitative information on refinancing and restructuring operations see Appendix X. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1"><A NAME="fin368256_13p"></A>7.4</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#006ec1">Market risk </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5"><A NAME="fin368256_13q"></A>7.4.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Market risk portfolios </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Market risk originates as a result of movements in the market variables that impact the valuation of traded financial products and assets. The main
risks generated can be classified as follows: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Interest-rate risk: This arises as a result of exposure to movements in the different interest-rate curves involved in
trading. Although the typical products that generate sensitivity to the movements in interest rates are money-market products (deposits, interest-rate futures, call money swaps, etc.) and traditional interest-rate derivatives (swaps and
interest-rate options such as caps, floors, swaptions, etc.), practically all the financial products are exposed to interest-rate movements due to the effect that such movements have on the valuation of the financial discount. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Equity risk: This arises as a result of movements in share prices. This risk is generated in spot positions in shares or
any derivative products whose underlying asset is a share or an equity index. Dividend risk is a sub-risk of equity risk, arising as an input for any equity option. Its variation may affect the valuation of positions and it is therefore a factor
that generates risk on the books. </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">F-73 </P>


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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Exchange-rate risk: This is caused by movements in the exchange rates of the different currencies in which a position is
held. As in the case of equity risk, this risk is generated in spot currency positions, and in any derivative product whose underlying asset is an exchange rate. In addition, the quanto effect (operations where the underlying asset and the
instrument itself are denominated in different currencies) means that in certain transactions in which the underlying asset is not a currency, an exchange-rate risk is generated that has to be measured and monitored. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Credit-spread risk: Credit spread is an indicator of an issuer&#146;s credit quality. Spread risk occurs due to
variations in the levels of spread of both corporate and government issues, and affects positions in bonds and credit derivatives. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Volatility risk: This occurs as a result of changes in the levels of implied price volatility of the different market
instruments on which derivatives are traded. This risk, unlike the others, is exclusively a component of trading in derivatives and is defined as a first-order convexity risk that is generated in all possible underlying assets in which there are
products with options that require a volatility input for their valuation. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The metrics developed to control and monitor market
risk in BBVA Group are aligned with best practices in the market and are implemented consistently across all the local market risk units. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Measurement procedures are established in terms of the possible impact of negative market conditions on the trading portfolio of the Group&#146;s Global
Markets units, both under ordinary circumstances and in situations of heightened risk factors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The standard metric used to measure market risk is
Value at Risk (&#147;VaR&#148;), which indicates the maximum loss that may occur in the portfolios at a given confidence level (99%)&nbsp;and time horizon (one day). This statistic value is widely used in the market and has the advantage of summing
up in a single metric the risks inherent to trading activity, taking into account how they are related and providing a prediction of the loss that the trading book could sustain as a result of fluctuations in equity prices, interest rates, foreign
exchange rates and commodity prices. The market risk analysis considers risks, such as credit spread, basis risk, volatility and correlation risk. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Most of the headings on the Group&#146;s consolidated balance sheet subject to market risk are positions whose main metric for measuring their market
risk is VaR. This table shows the accounting lines of the consolidated balance sheet as of December&nbsp;31, 2016 and 2015 in which there is a market risk in trading activity subject to this measurement: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
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<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#094fa4"><B>Millions of Euros&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Headings of the balance sheet under market risk</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Main&nbsp;market&nbsp;risk&nbsp;&nbsp;&nbsp;&nbsp;<BR>metrics - VaR</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Main&nbsp;market&nbsp;risk&nbsp;&nbsp;&nbsp;&nbsp;<BR>metrics -</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Others (*)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Main&nbsp;market&nbsp;risk&nbsp;&nbsp;&nbsp;&nbsp;<BR>metrics - VaR</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Main&nbsp;market&nbsp;risk&nbsp;&nbsp;&nbsp;&nbsp;<BR>metrics -</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Others (*)</B></FONT></P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Assets subject to market risk</B></FONT></P></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>
<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="page-break-inside:avoid ; 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="#094fa4">Financial assets held for trading</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">64,623</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,480</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">64,370</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,712</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Available for sale financial assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,119</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">28,771</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8,234</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">50,088</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">&#145;<I>Of which: Equity instruments</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,559</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,067</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Hedging derivatives</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,041</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,415</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">528</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,888</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Liabilities subject to market risk</B></FONT></P></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>
<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="page-break-inside:avoid ; 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="#094fa4">Financial liabilities held for trading</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">47,491</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,223</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">42,550</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,277</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Hedging derivatives</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,305</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">689</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,128</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">806</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</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 style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" 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">Includes mainly assets and liabilities managed by COAP. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Although the prior table shows details the financial positions subject to market risk, it should be noted that the data are for information purposes
only and do not reflect how the risk is managed in trading activity, where it is not classified into assets and liabilities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">With respect to the
risk measurement models used in BBVA Group, the Bank of Spain has authorized the use of the internal model to determine bank capital requirements deriving from risk positions on the BBVA S.A. and BBVA Bancomer trading book, which jointly account for
around 66% of the Group&#146;s trading-book market risk. For the rest of the geographical areas (mainly South America, Garanti and BBVA Compass), bank capital for the risk positions in the trading book is calculated using the standard model. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The current management structure includes the monitoring of market-risk limits, consisting of a scheme of limits based on VaR, economic capital (based
on VaR measurements) and VaR sub-limits, as well as stop-loss limits for each of the Group&#146;s business units. </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">F-74 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The model used estimates VaR in accordance with the &#147;historical simulation&#148; methodology, which
involves estimating losses and gains that would have taken place in the current portfolio if the changes in market conditions that took place over a specific period of time in the past were repeated. Based on this information, it infers the maximum
expected loss of the current portfolio within a given confidence level. This model has the advantage of reflecting precisely the historical distribution of the market variables and not assuming any specific distribution of probability. The
historical period used in this model is two years. The historical simulation method is used in BBVA S.A., BBVA Bancomer, BBVA Chile, BBVA Colombia, Compass Bank and Garanti. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">VaR figures are estimated following two methodologies: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">VaR without smoothing, which awards equal weight to the daily information for the previous two years. This is currently
the official methodology for measuring market risks for the purpose of monitoring compliance with risk limits. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">VaR with smoothing, which gives a greater weight to more recent market information. This metric supplements the previous
one. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the case of South America (except BBVA Chile and BBVA Colombia), a parametric methodology is used to measure risk in
terms of VaR. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">At the same time, and following the guidelines established by the Spanish and European authorities, BBVA incorporates metrics in
addition to VaR with the aim of meeting the Bank of Spain&#146;s regulatory requirements with respect to the calculation of bank capital for the trading book. Specifically, the new measures incorporated in the Group since December 2011 (stipulated
by Basel 2.5) are: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">VaR: In regulatory terms, the VaR charge incorporates the stressed VaR charge, and the sum of the two (VaR and stressed
VaR) is calculated. This quantifies the losses associated with the movements of the two risk factors inherent to market operations (interest rates, FX, RV, credit...). Both VaR and stressed VaR are rescaled by a regulatory multiplier set at three
and by the square root of ten to calculate the capital charge. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Specific Risk: Incremental Risk Capital (&#147;IRC&#148;) Quantification of the risks of default and downgrading of the
credit ratings of the bond and credit derivative positions in the portfolio. The specific capital risk by IRC is a charge exclusively used in the geographical areas with the internal model approved (BBVA S.A. and Bancomer). The capital charge is
determined according to the associated losses (at 99.9% in a 1-year horizon under the hypothesis of constant risk) due to the rating migration and/or default state the issuer of an asset. In addition, the price risk is included in sovereign
positions for the items specified. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Specific Risk: Securitization and correlation portfolios. Capital charge for securitizations and the correlation
portfolio to include the potential losses associated at the level of rating a specific credit structure (rating). Both are calculated by the standard method. The scope of the correlation portfolios refers to the FTD-type market operation and/or
tranches of market CDOs and only for positions with an active market and hedging capacity. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Validity tests are performed regularly
on the risk measurement models used by the Group. They estimate the maximum loss that could have been incurred in the positions with a certain level of probability (backtesting), as well as measurements of the impact of extreme market events on risk
positions (stress testing). As an additional control measure, backtesting is conducted at trading desk level in order to enable more specific monitoring of the validity of the measurement models. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Market risk in 2016 </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Group&#146;s
market risk remains at low levels compared with the risk aggregates managed by BBVA, particularly in terms of credit risk. This is due to the nature of the business. During 2016 the average VaR was
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>29&nbsp;million, above 2015 figure, with a high on January&nbsp;28, of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>38 m. The evolution in the BBVA Group&#146;s market risk during
2016, measured as VaR without smoothing (see Glossary) with a 99% confidence level and a 1-day horizon (shown in millions of Euros) is as follows: </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">F-75 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g368256page078.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">By type of market risk assumed by the Group&#146;s trading portfolio, the main risk factor for the Group continues to
be that linked to interest rates, with a weight of 58% of the total at the end of 2016 (this figure includes the spread risk). The relative weight has increased compared with the close of 2015 (48%). Exchange-rate risk accounts 13%, decreasing its
proportion with respect to December 2015 (21%), while equity, volatility and correlation risk have decreased, with a weight of 29% at the close of 2016 (vs. 32% at the close of 2015). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, 2015 and 2014 the balance of VaR was <FONT STYLE="font-family:Times New Roman">&#128;</FONT>26&nbsp;million, <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>24&nbsp;million and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>25&nbsp;million respectively. These figures can be broken down as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7.5pt" ALIGN="center">


<TR>
<TD WIDTH="87%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>VaR by Risk Factor</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Interest/Spread&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Risk&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Currency&nbsp;Risk&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B><FONT STYLE="white-space:nowrap">&nbsp;&nbsp;&nbsp;&nbsp;Stock-market&nbsp;Risk&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Vega/Correlation&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Risk&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Diversification&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Effect(*)&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>December 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></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">VaR average in the period</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>10</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(23</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">29</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">VaR max in the period</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">30</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>16</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(23</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">38</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">VaR min in the period</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>10</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(20</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>End of period VaR</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">29</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>7</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>December 2015</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></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">VaR average in the period</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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">VaR max in the period</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">32</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>5</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
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<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(18</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">30</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">VaR min in the period</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
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<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>6</B></FONT></TD>
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<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
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<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
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<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(17</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>End of period VaR</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>9</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
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<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
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<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(20</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
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<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
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<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="#094fa4"><B>December 2014</B></FONT></P></TD>
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<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="#094fa4">VaR average in the period</FONT></P></TD>
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<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
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<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="#094fa4">VaR max in the period</FONT></P></TD>
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<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
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<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>6</B></FONT></TD>
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<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
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<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
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<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(22</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
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<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
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<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="#094fa4">VaR min in the period</FONT></P></TD>
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<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
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<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4</B></FONT></TD>
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<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
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<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
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<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(23</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
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<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
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<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="#094fa4"><B>End of period VaR</B></FONT></P></TD>
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<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">30</FONT></TD>
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<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>5</B></FONT></TD>
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<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
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<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
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<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(20</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
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<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
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</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%">
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<TD WIDTH="3%" 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 diversification effect is the difference between the sum of the average individual risk factors and the total VaR
figure that includes the implied correlation between all the variables and scenarios used in the measurement. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Validation of
the model </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The internal market risk model is validated on a regular basis by backtesting in both BBVA S.A. and Bancomer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The aim of backtesting is to validate the quality and precision of the internal market risk model used by BBVA Group to estimate the maximum daily loss
of a portfolio, at a 99% level of confidence and a 250-day time horizon, by comparing the Group&#146;s results and the risk measurements generated by the internal market risk model. These tests showed that the internal market risk model of both
BBVA, S.A. and Bancomer is adequate and precise. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Two types of backtesting have been carried out during the year 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">F-76 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">&#147;Hypothetical&#148; backtesting: the daily VaR is compared with the results obtained, not taking into account the
intraday results or the changes in the portfolio positions. This validates the appropriateness of the market risk metrics for the end-of-day position. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">&#147;Real&#148; backtesting: the daily VaR is compared with the total results, including intraday transactions, but
discounting the possible minimum charges or fees involved. This type of backtesting includes the intraday risk in portfolios. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In
addition, each of these two types of backtesting was carried out at the level of risk factor or business type, thus making a deeper comparison of the results with respect to risk measurements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">For the period between the end of 2015 and the end of 2016, it was carried out the backtesting of the internal VaR calculation model, comparing the
daily results obtained with the estimated risk level estimated by the internal VaR calculation model. At the end of the year the comparison showed the internal VaR calculation model was working correctly, within the &#147;green&#148; zone (0-4
exceptions), thus validating the internal VaR calculation model, as has occurred each year since the internal market risk model was approved for the Group. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">Stress test analysis </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">A number of stress tests are carried out on BBVA Group&#146;s trading portfolios. First, global and
local historical scenarios are used that replicate the behavior of an extreme past event, such as for example the collapse of Lehman Brothers or the &#147;Tequilazo&#148; crisis. These stress tests are complemented with simulated scenarios, where
the aim is to generate scenarios that have a significant impact on the different portfolios, but without being anchored to any specific historical scenario. Finally, for some portfolios or positions, fixed stress tests are also carried out that have
a significant impact on the market variables affecting these positions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Historical scenarios </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The historical benchmark stress scenario for the BBVA Group is Lehman Brothers, whose sudden collapse in September 2008 led to a significant impact on
the behavior of financial markets at a global level. The following are the most relevant effects of this historical scenario: </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%">
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Credit shock: reflected mainly in the increase of credit spreads and downgrades in credit ratings.</P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Increased volatility in most of the financial markets (giving rise to a great deal of variation in the prices of
different assets (currency, equity, debt). </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Liquidity shock in the financial systems, reflected by a major movement in interbank curves, particularly in the
shortest sections of the euro and dollar curves. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Simulated scenarios </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Unlike the historical scenarios, which are fixed and therefore not suited to the composition of the risk portfolio at all times, the scenario used for
the exercises of economic stress is based on Resampling methodology. This methodology is based on the use of dynamic scenarios are recalculated periodically depending on the main risks held in the trading portfolios. On a data window wide enough to
collect different periods of stress (data are taken from 1-1-2008 until today), a simulation is performed by resampling of historic observations, generating a loss distribution and profits to analyze most extreme of births in the selected historical
window. The advantage of this resampling methodology is that the period of stress is not predetermined, but depends on the portfolio maintained at each time, and making a large number of simulations (10,000 simulations) allows a richer information
for the analysis of expected shortfall than what is available in the scenarios included in the calculation of VaR. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The main features of this
approach are: a) the generated simulations respect the correlation structure of the data, b) flexibility in the inclusion of new risk factors and c) to allow the introduction of a lot of variability in the simulations (desirable to consider extreme
events). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The impact of the stress test under multivariable simulation of the risk factors of the portfolio (<I>Expected shortfall </I>95% to 20
days) as of December&nbsp;31, 2016 is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" COLSPAN="30" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Europe&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Mexico&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Peru&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Venezuela&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Argentina&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Colombia</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Chile&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Turkey&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Expected Shortfall</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(92</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(42</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">)&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">F-77 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5"><A NAME="fin368256_13r"></A>7.4.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Structural risk </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Assets and Liabilities Committee (ALCO) is the key body for the management of structural risks relating to liquidity/funding, interest rates,
solvency and currency rates. Every month, with representatives from the areas of Finance, Risks and Business Areas, this committee monitors the above risks and is presented with proposals for managing them for its approval. These management
proposals are made proactively by the Finance area, taking into account the risk appetite framework and with the aim of guaranteeing recurrent earnings and preserving the entity&#146;s solvency. All the balance-sheet management units have a local
ALCO, assisted constantly by the members of the Corporate Center. There is also a corporate ALCO where the management strategies in the Group&#146;s subsidiaries are monitored and presented. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Structural interest-rate risk </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The
structural interest-rate risk (&#147;SIRR&#148;) is related to the potential impact that variations in market interest rates have on an entity&#146;s net interest income and equity. In order to properly measure SIRR, BBVA takes into account the main
sources that generate this risk: repricing risk, yield curve risk, option risk and basis risk, which are analyzed from two complementary points of view: net interest income (short term) and economic value (long term). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">ALCO monitors the interest-rate risk metrics and the Finance area carries out the management proposals for the structural balance sheet. The management
objective is to ensure the stability of net interest income and book value in the face of changes in market interest rates, while respecting the internal solvency and limits in the different balance-sheets and for BBVA Group as a whole; and
complying with current and future regulatory requirements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">BBVA&#146;s structural interest-rate risk management control and monitoring is based on
a set of metrics and tools that enable the entity&#146;s risk profile to be monitored correctly. A wide range of scenarios are measured on a regular basis, including sensitivities to parallel movements in the event of different shocks, changes in
slope and curve, as well as delayed movements. Other probabilistic metrics based on statistical scenario-simulating methods are also assessed, such as income at risk (&#147;IaR&#148;) and economic capital (&#147;EC&#148;), which are defined as the
maximum adverse deviations in net interest income and economic value, respectively, for a given confidence level and time horizon. Impact thresholds are established on these management metrics both in terms of deviations in net interest income and
in terms of the impact on economic value. The process is carried out separately for each currency to which the Group is exposed, and the diversification effect between currencies and business units is considered after this. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In order to guarantee its effectiveness, the model is subjected to regular internal validation, which includes backtesting. In addition, the banking
book&#146;s interest-rate risk exposures are subjected to different stress tests in order to reveal balance sheet vulnerabilities under extreme scenarios. This testing includes an analysis of adverse macroeconomic scenarios designed specifically by
BBVA Research, together with a wide range of potential scenarios that aim to identify interest-rate environments that are particularly damaging for the entity. This is done by generating extreme scenarios of a breakthrough in interest rate levels
and historical correlations, giving rise to sudden changes in the slopes and even to inverted curves. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The model is necessarily underpinned by an
elaborate set of hypotheses that aim to reproduce the behavior of the balance sheet as closely as possible to reality. Especially relevant among these assumptions are those related to the behavior of &#147;accounts with no explicit maturity&#148;,
for which stability and remuneration assumptions are established, consistent with an adequate segmentation by type of product and customer, and prepayment estimates (implicit optionality). The hypotheses are reviewed and adapted, at least on an
annual basis, to signs of changes in behavior, kept properly documented and reviewed on a regular basis in the internal validation processes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The
impacts on the metrics are assessed both from a point of view of economic value (gone concern) and from the perspective of net interest income, for which a dynamic model (going concern) consistent with the corporate assumptions of earnings forecasts
is used. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The table below shows the profile of average sensitivities to net interest income and value of the main entities in BBVA Group in 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">F-78 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Impact on Net Interest Income (*)</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Impact on Economic Value (**)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Sensitivity to Interest-Rate Analysis -</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B><FONT STYLE="white-space:nowrap">&nbsp;&nbsp;&nbsp;&nbsp;100&nbsp;Basis-Point&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Increase&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B><FONT STYLE="white-space:nowrap">&nbsp;&nbsp;&nbsp;&nbsp;100&nbsp;Basis-Point&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Decrease&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B><FONT STYLE="white-space:nowrap">&nbsp;&nbsp;&nbsp;&nbsp;100&nbsp;Basis-Point&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Increase&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B><FONT STYLE="white-space:nowrap">&nbsp;&nbsp;&nbsp;&nbsp;100&nbsp;Basis-Point&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Decrease&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Europe (***)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">14.12%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(7.09%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4.90%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3.62%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2.13%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2.02%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2.42%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2.55%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">USA</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8.91%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(8.30%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">0.41%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(7.57%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Turkey</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(6.64%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4.64%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2.78%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3.84%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">South America</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2.40%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2.41%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2.82%)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3.04%</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; 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="#094fa4"><B>BBVA Group</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4.15%</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(2.89%)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2.69%</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(2.47%)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" 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">Percentage of &#147;1 year&#148; net interest income forecast for each unit. </P></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 style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" 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">Percentage of net assets for each unit. </P></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 style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" 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">In Europe downward movement allowed until more negative level than current rates. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In 2016 in Europe monetary policy has remained expansionary, which pushed interest rates lower, towards more negative levels in short term rates. In The
United States, Fed&#146;s reference interest rate continues the upward cycle initiated in 2015. While in Mexico, the upward interest rates cycle has intensified given the Mexican peso evolution and the inflation prospects, setting the rates level at
the maximum since 2009. In Turkey, the weakness of the Turkish lira has led to a rise in rates in the last quarter of the year following declines in the first three quarters. The main economies of South America appear to have completed the cycle of
increases initiated at the end of 2015. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The BBVA Group in all its Balance Sheet Management Units (&#147;BSMUs&#148;) maintains a positive
sensitivity in its net interest income to an increase in interest rates. Turkey, helps to diversify the Group&#146;s net exposure due to the opposite direction of its position on Europe. The higher sensitivities in the net interest income,
relatively speaking, are observed in mature markets (Europe and USA), where, however, the negative sensitivity in their net interest income to decrease in interest rates is limited by the plausible downward trend in interest rates. The Group
maintains a moderate risk profile, according to its target risk, through effective management of its balance sheet structural risk. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Structural exchange-rate risk </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In BBVA
Group, structural exchange-rate risk arises from the consolidation of holdings in subsidiaries with functional currencies other than the euro. Its management is centralized in order to optimize the joint handling of permanent foreign currency
exposures, taking into account the diversification. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The corporate Assets and Liabilities Management unit, through ALCO, designs and executes
hedging strategies with the main purpose of controlling the potential negative effect of exchange-rate fluctuations on capital ratios and on the equivalent value in euros of the foreign-currency earnings of the Group&#146;s subsidiaries, considering
transactions according to market expectations and their cost. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The risk monitoring metrics included in the system of limits are integrated into
management and supplemented with additional assessment indicators. At corporate level they are based on probabilistic metrics that measure the maximum deviation in the Group&#146;s Capital, CET1 (&#147;Common Equity Tier 1&#148;) ratio, and net
attributable profit. The probabilistic metrics make it possible to estimate the joint impact of exposure to different currencies taking into account the different variability in exchange rates and their correlations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The suitability of these risk assessment metrics is reviewed on a regular basis through backtesting exercises. The final element of structural
exchange-rate risk control is the analysis of scenarios and stress with the aim of identifying in advance possible threats to future compliance with the risk appetite levels set, so that any necessary preventive management actions can be taken. The
scenarios are based both on historical situations simulated by the risk model and on the risk scenarios provided by BBVA Research. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As for the
market, in 2016 it is noteworthy the US dollar strength, boosted by higher yields, and the outperformance of the currencies of Andean area, while Mexican peso and Turkish lira depreciate against USD dollar, affected by higher uncertainty and
concerns about the growth in these economies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Group&#146;s structural exchange-rate risk exposure level has decreased since the end of 2015
mostly due to the increased hedging, focused on Mexican peso and Turkish lira, intended to keep low levels of sensitivity to movements in the exchange rates of emerging currencies against the euro. The risk mitigation level in capital ratio due to
the book value of BBVA Group&#146;s holdings in foreign emerging currencies stood at around 70% and, as of the end of the year, CET1 ratio sensitivity to the appreciation of 1% in the euro exchange rate for each currency is: US Dollar: +1.2 bps;
Mexican peso -0.2 bps; Turkish Lira -0.2 bps; other currencies: -0.3 bps. On the other hand, hedging of emerging-currency denominated earnings of 2016 stood at 47%, concentrated in Mexican peso and Turkish lira. </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">F-79 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Structural equity risk </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">BBVA Group&#146;s exposure to structural equity risk stems basically from investments in industrial and financial companies with medium- and long-term
investment horizons. This exposure is mitigated through net short positions held in derivatives of their underlying assets, used to limit portfolio sensitivity to potential falls in prices. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Structural management of equity portfolios is the responsibility of the Group&#146;s units specializing in this area. Their activity is subject to the
corporate risk management policies for equity positions in the equity portfolio. The aim is to ensure that they are handled consistently with BBVA&#146;s business model and appropriately to its risk tolerance level, thus enabling long-term business
sustainability. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Group&#146;s risk management systems also make it possible to anticipate possible negative impacts and take appropriate
measures to prevent damage being caused to the entity. The risk control and limitation mechanisms are focused on the exposure, annual operating performance and economic capital estimated for each portfolio. Economic capital is estimated in
accordance with a corporate model based on Monte Carlo simulations, taking into account the statistical performance of asset prices and the diversification existing among the different exposures. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Backtesting is carried out on a regular basis on the risk measurement model used. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the market, it is remarkable the underperformance of European stock markets in 2016, while main US stock exchange indices have reached historical
maximum levels. It is also noteworthy the upsurge in stock prices volatility , and the initial shock in the financial markets after the Brexit, due to the policy uncertainty that this process entails and its potential impact on the Eurozone growth
expectations. This effect led to a deterioration of capital gains accumulated in the Group&#146;s equity portfolios as of the end of the year, although it faded away as main equity indices have recovered pre-Brexit levels. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Structural equity risk, measured in terms of economic capital, has decreased in the period as a result of the reduction of the stake in China Citic
Bank, along with lower positioning in some sectors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Stress tests and analyses of sensitivity to different simulated scenarios are carried out
periodically to analyze the risk profile in more depth. They are based on both past crisis situations and forecasts made by BBVA Research. This checks that the risks are limited and that the tolerance levels set by the Group are not at risk. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The aggregate sensitivity of the BBVA Group&#146;s consolidated equity to a 1% fall in the price of shares of the companies making up the equity
portfolio stood at around -<FONT STYLE="font-family:Times New Roman">&#128;</FONT>38&nbsp;million as of December&nbsp;31, 2016. This estimate takes into account the exposure in shares valued at market prices, or if not applicable, at fair value
(except for the positions in the Treasury Area portfolios) and the net delta-equivalent positions in options on the same underlyings. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5"><A NAME="fin368256_13s"></A>7.4.3</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Financial Instruments compensation </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Financial assets and liabilities may be netted, i.e. they are presented for a net amount on the consolidated balance sheet only when the Group&#146;s
entities satisfy with the provisions of IAS 32-Paragraph 42, so they have both the legal right to net recognized amounts, and the intention of settling the net amount or of realizing the asset and simultaneously paying the liability. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In addition, the Group has presented as gross amounts assets and liabilities on the consolidated balance sheet for which there are master netting
arrangements in place, but for which there is no intention of settling net. The most common types of events that trigger the netting of reciprocal obligations are bankruptcy of the entity, surpassing certain level of indebtedness threshold, failure
to pay, restructuring and dissolution of the entity. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the current market context, derivatives are contracted under different framework contracts
being the most widespread developed by the International Swaps and Derivatives Association (&#147;ISDA&#148;) and, for the Spanish market, the Framework Agreement on Financial Transactions (&#147;CMOF&#148;). Almost all portfolio derivative
transactions have been concluded under these framework contracts, including in them the netting clauses mentioned in the preceding paragraph as &#147;Master Netting Agreement&#148;, greatly reducing the credit exposure on these instruments.
Additionally, in contracts signed with professional counterparties, the collateral agreement annexes called Credit Support Annex (&#147;CSA&#148;) are included, thereby minimizing exposure to a potential default of the counterparty. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Moreover, in transactions involving assets purchased or sold under a purchase agreement there is a high volume transacted through clearing houses that
articulate mechanisms to reduce counterparty risk, as well as through the signature of various master agreements for bilateral transactions, the most widely used being the Global Master Repurchase Agreement (GMRA), published by International Capital
Market Association (&#147;ICMA&#148;), to which the clauses related to the collateral exchange are usually added within the text of the master agreement itself. </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">F-80 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">A summary of the effect of the compensation (via netting and collateral) for derivatives and securities
operations is presented below as of December&nbsp;31, 2016 and 2015: </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:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="85%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><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="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gross Amounts Not Offset in the<BR>Condensed&nbsp;Consolidated&nbsp;Balance<BR>Sheets (D)</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gross&nbsp;Amounts<BR>Recognized&nbsp;(A)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gross Amounts<BR>Offset in the<BR>Condensed<BR>Consolidated<BR>Balance&nbsp;Sheets&nbsp;(B)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Net Amount<BR>Presented&nbsp;in&nbsp;the<BR>Condensed<BR>Consolidated<BR>Balance Sheets<BR>(C=A-B)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Financial<BR>Instruments</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Cash Collateral<BR>Received/Pledged</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" NOWRAP ALIGN="center"><FONT COLOR="#fcfcfc"><B>Net Amount (E=C-D)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Trading and hedging derivatives</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">10,&nbsp;15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">59,374</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">13,587</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">45,788</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">32,146</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,571</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,070</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Reverse repurchase, securities borrowing and similar agreements</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">35</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">25,833</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,912</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">22,921</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">23,080</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">174</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(333</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total Assets</B></FONT></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>85,208</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>16,499</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>68,709</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>55,226</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>6,745</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>6,738</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Trading and hedging derivatives</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">10, 15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">59,545</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">14,080</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">45,465</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">32,146</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,272</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,047</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Repurchase, securities lending and similar agreements</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">35</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">49,474</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,912</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">46,562</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">47,915</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">176</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,529</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total Liabillities</B></FONT></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>109,019</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>16,991</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>92,027</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>80,061</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>7,448</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,518</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="8"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><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="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gross Amounts Not Offset in the<BR>Condensed Consolidated<BR>Balance Sheets (D)</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gross Amounts<BR>Recognized (A)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gross Amounts<BR>Offset in the<BR>Condensed<BR>Consolidated<BR>Balance Sheets (B)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Net Amount<BR>Presented in the<BR>Condensed<BR>Consolidated<BR>Balance Sheets<BR>(C=A-B)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Financial<BR>Instruments</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Cash Collateral<BR>Received/Pledged</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" NOWRAP ALIGN="center"><FONT COLOR="#fcfcfc"><B>Net&nbsp;Amount&nbsp;(E=C-D)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Trading and hedging derivatives</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">10,&nbsp;15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">52,244</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,805</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">44,439</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">30,350</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,493</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8,597</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Reverse repurchase, securities borrowing and similar agreements</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">35</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">21,531</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,596</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">16,935</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">17,313</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(402</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total Assets</B></FONT></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>73,775</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>12,401</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>61,374</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>47,663</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>5,517</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>8,195</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Trading and hedging derivatives</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">10, 15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">53,298</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8,423</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">44,876</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">30,350</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">9,830</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,696</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Repurchase, securities lending and similar agreements</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">35</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">72,998</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,596</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">68,402</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">68,783</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">114</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(495</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total Liabillities</B></FONT></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"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>126,296</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>13,019</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>113,278</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>99,133</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>9,944</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,201</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1"><A NAME="fin368256_13t"></A>7.5</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#006ec1">Liquidity risk </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5"><A NAME="fin368256_13u"></A>7.5.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Liquidity risk management </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Management of liquidity and structural finance within the BBVA Group is based on the principle of the financial autonomy of the entities that make it
up. This approach helps prevent and limit liquidity risk by reducing the Group&#146;s vulnerability in periods of high risk. This decentralized management avoids possible contagion due to a crisis that could affect only one or several BBVA Group
entities, which must cover their liquidity needs independently in the markets where they operate. Liquidity Management Units (LMUs) have been set up for this reason in the geographical areas where the main foreign subsidiaries operate, and also for
the parent BBVA S.A., within the Euro currency scope, which includes BBVA Portugal. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Finance Division, through Global ALM, manages BBVA Group&#146;s
liquidity and funding. It plans and executes the funding of the long-term structural gap of each LMUs and proposes to ALCO the actions to adopt in this regard in accordance with the policies and limits established by the Standing Committee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As first core element, the Bank&#146;s target behavior in terms of liquidity and funding risk is characterized through the Liquidity Coverage Ratio
(LCR) and the Loan-to-Stable-Customer-Deposits (LtSCD) ratio. LCR is a regulatory measurement aimed at ensuring entities&#146; resistance in a scenario of liquidity stress within a time horizon of 30 days. BBVA, within its risk appetite framework
and its limits and alerts schemes, has established a level of requirement for compliance with the LCR ratio both for the Group as a whole and for each of the LMUs individually. The internal levels required are geared to comply sufficiently and
efficiently in advance with the implementation of the regulatory requirement of 2018, at a level above 100%. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Throughout 2016 the level of the LCR
for BBVA Group has remained above 100%. At the European level the LCR ratio was effective beginning October&nbsp;1, 2015, with an initial required level of 60%, and a phased-in level of up to 100% in 2018. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The LtSCD measures the relation between the net credit investment and stable funds. The aim is to preserve a stable funding structure in the medium term
for each of the LMUs making up BBVA Group, taking into account that maintaining an adequate volume of stable customer funds is key to achieving a sound liquidity profile. </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">F-81 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Customer funds captured and managed by business units are defined as stable customer funds. These funds
usually show little sensitivity to market changes and are largely non-volatile in terms of aggregate amounts per operation, thanks to customer linkage to the unit. Stable funds in each LMU are calculated by analyzing the behavior of the balance
sheets of the different customer segments identified as likely to provide stability to the funding structure, and by prioritizing an established relationship and applying bigger haircuts to the funding lines of less stable customers. The main base
of stable funds is composed of deposits by individual customers and small businesses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">For the purpose of establishing the (maximum) target levels
for LtSCD in each LMU and providing an optimal funding structure reference in terms of risk appetite, GRM-Structural Risks identifies and assesses the economic and financial variables that condition the funding structures in the various geographical
areas. The behavior of the indicators reflects that the funding structure remained robust in 2016, in the sense that all the LMUs maintain levels of self-funding with stable customer funds higher than the required levels. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="88%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="94%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B>LtSCD by LMU</B></FONT></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;December&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;December&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Group (average)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4"><B>113%</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4"><B>116%</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Eurozone</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">113%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">116%</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Bancomer</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">113%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">110%</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Compass</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">108%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">112%</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Garanti</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">124%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">128%</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other LMUs</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">107%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">111%</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The second core element in liquidity and funding risk management is to achieve proper diversification of the funding
structure, avoiding excessive reliance on short-term funding and establishing a maximum level of short-term borrowing comprising both wholesale funding as well as less stable funds from non-retail customers. Regarding long-term funding, the maturity
profile does not show significant concentrations, which enables adaptation of the anticipated issuance schedule to the best financial conditions of the markets. Finally, concentration risk is monitored at the LMU level, with a view to ensuring the
right diversification both per counterparty and per instrument type. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The third element promotes the short-term resilience of the liquidity risk
profile, making sure that each LMU has sufficient collateral to address the risk of wholesale markets closing. Basic Capacity is the short-term liquidity risk management and control metric that is defined as the relationship between the available
explicit assets and the maturities of wholesale liabilities and volatile funds, at different terms, with special relevance being given to 30-day maturities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Each entity maintains an individual liquidity buffer, both Banco Bilbao Vizcaya Argentaria SA and its subsidiaries, including BBVA Compass, BBVA
Bancomer, Garanti Bank and the Latin American subsidiaries. The table below shows the liquidity available by instrument as of December&nbsp;31, 2016 and 2015 for the most significant entities: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="90%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>BBVA</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:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Eurozone&nbsp;(1)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>BBVA</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:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Bancomer&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>BBVA</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:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Compass&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Garanti&nbsp;Bank&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Other&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Cash and balances with central banks</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,038</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,221</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,495</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,758</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,504</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Assets for credit operations with central banks</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50,706</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,175</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26,865</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,935</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,060</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Central governments issues</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30,702</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,964</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,084</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,935</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,985</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><I>Of Which: Spanish government securities</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,353</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other issues</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,005</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,212</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,991</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">75</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,790</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other non-eligible liquid assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,884</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">938</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">662</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,478</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">883</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>ACCUMULATED AVAILABLE BALANCE</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>73,629</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13,335</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>29,022</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11,171</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11,447</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>AVERAGE BALANCE</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>68,322</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13,104</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>27,610</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12,871</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11,523</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" 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">It includes Banco Bilbao Vizcaya Argentaria, S.A. and Banco Bilbao Vizcaya Argentaria (Portugal), S.A.
</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">F-82 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="90%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>BBVA</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:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Eurozone&nbsp;(1)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>BBVA</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:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Bancomer&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>BBVA</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:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Compass&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Garanti&nbsp;Bank&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Other&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Cash and balances with central banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">10,939</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,936</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,214</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,585</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,122</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Assets for credit operations with central banks</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">51,811</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,534</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,782</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,302</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,559</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Central governments issues</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31,314</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,303</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,086</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,186</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,654</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><I>Of Which: Spanish government securities</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25,317</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other issues</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,497</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,231</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">479</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">116</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">905</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,217</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other non-eligible liquid assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,760</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">757</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,680</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">229</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>ACCUMULATED AVAILABLE BALANCE</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>68,510</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13,227</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>26,016</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12,567</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11,910</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>AVERAGE BALANCE</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>67,266</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12,222</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>24,282</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12,418</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10,863</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" 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">It includes Banco Bilbao Vizcaya Argentaria, S.A., Catalunya Banc, S.A. and Banco Bilbao Vizcaya Argentaria (Portugal),
S.A. </P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Stress analyses are also a basic element of the liquidity and funding risk monitoring system, as they help anticipate
deviations from the liquidity targets and limits set out in the risk appetite as well as establish tolerance ranges at different management levels. They also play a key role in the design of the Liquidity Contingency Plan and in defining the
specific measures for action for realigning the risk profile. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">For each of the scenarios, a check is carried out whether the Bank has a sufficient
liquid assets to meet the liquidity commitments/outflows in the various periods analyzed. The analysis considers four scenarios, one core and three crisis-related: systemic crisis; unexpected internal crisis with a considerable rating downgrade
and/or affecting the ability to issue in wholesale markets and the perception of business risk by the banking intermediaries and the bank&#146;s customers; and a mixed scenario, as a combination of the two aforementioned scenarios. Each scenario
considers the following factors: liquidity existing on the market, customer behavior and sources of funding, impact of rating downgrades, market values of liquid assets and collateral, and the interaction between liquidity requirements and the
performance of the bank&#146;s asset quality. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The results of these stress analyses carried out regularly reveal that BBVA has a sufficient buffer
of liquid assets to deal with the estimated liquidity outflows in a scenario such as a combination of a systemic crisis and an unexpected internal crisis, during a period in general longer than 3 months for LMUs, including a major downgrade in the
bank&#146;s rating (by up to three notches). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Beside the results of stress exercises and risk metrics, Early Warning Indicators play an important
role in the corporate model and also in the Liquidity Contingency Plan. These are mainly financing structure indicators, related to asset encumbrance, counterparty concentration, outflows of customer deposits, unexpected use of credit lines, and
market indicators, which help to anticipate potential risks and capture market expectations. </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">F-83 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Below is a matrix of residual maturities by contractual periods based on supervisory prudential reporting
as of December&nbsp;31, 2016 and 2015: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="97%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:6pt">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="42" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2016</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="#fcfcfc"><B>Contractual Maturities</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Demand&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Up&nbsp;to&nbsp;1&nbsp;Month</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>1&nbsp;to&nbsp;3&nbsp;Months</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>3&nbsp;to&nbsp;6&nbsp;Months</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>6&nbsp;to&nbsp;9&nbsp;Months</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>9&nbsp;to&nbsp;12&nbsp;Months</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>1&nbsp;to&nbsp;2&nbsp;Years</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2&nbsp;to&nbsp;3&nbsp;Years</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>3&nbsp;to&nbsp;5&nbsp;Years</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;5&nbsp;Years</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Cash, cash balances at central banks and other demand deposits</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">23,191</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">13,825</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">37,016</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Deposits in credit entities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">991</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,068</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">254</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">155</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">48</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">72</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">117</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">87</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">122</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,087</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">10,002</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Deposits in other financial institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,192</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">967</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">675</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">714</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">532</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,330</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">918</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">942</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">336</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,608</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Reverse repo, securities borrowing and margin lending</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">20,232</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">544</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">523</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">428</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">500</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">286</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">124</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">189</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">22,826</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and Advances</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">591</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">20,272</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">25,990</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">22,318</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">16,212</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">15,613</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">44,956</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">35,093</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">55,561</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">133,589</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">370,195</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Securities&#146; portfolio settlement</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">708</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,566</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,688</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,301</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,312</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">19,320</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">10,010</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">16,662</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">51,472</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">112,039</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="44"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="42" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2016</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="#fcfcfc"><B>Contractual Maturities</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Demand</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Up to 1 Month</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>1 to 3 Months</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>3 to 6 Months</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>6 to 9 Months</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>9 to 12 Months</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>1 to 2 Years</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2 to 3 Years</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>3 to 5 Years</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over 5 Years</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Wholesale funding</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">419</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,380</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,943</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,547</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,463</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,967</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,825</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,963</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">14,016</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">31,875</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">85,397</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Deposits in financial institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,762</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,365</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,181</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,104</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">800</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,176</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">746</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,156</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">859</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,714</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">24,862</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Deposits in other financial institutions and international agencies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">15,375</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,542</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8,624</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,382</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,566</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,897</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,340</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">686</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">875</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,825</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">44,114</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Customer deposits</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">206,140</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">49,053</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">25,522</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">15,736</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11,863</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11,343</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8,619</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,060</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">781</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">936</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">335,052</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Securitiy pledge funding</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">38,153</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,561</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,403</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,004</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">912</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,281</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">640</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">23,959</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,712</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">72,626</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Derivatives (net)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,123)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(95)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(190)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(111)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(326)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(132)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(82)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(105)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(47)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3,210)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="44"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="42" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2015</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="#fcfcfc"><B>Contractual Maturities</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Demand</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Up to 1 Month</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>1 to 3 Months</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>3 to 6 Months</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>6 to 9 Months</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>9 to 12 Months</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>1 to 2 Years</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2 to 3 Years</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>3 to 5 Years</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over 5 Years</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Cash, cash balances at central banks and other demand deposits</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">34,796</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">34,796</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Deposits in credit entities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,077</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,594</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">766</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">260</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">70</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">42</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">520</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">950</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,988</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">12,273</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Deposits in other financial institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,246</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">401</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">628</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">595</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">526</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">448</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">495</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">977</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">275</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,600</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Reverse repo, securities borrowing and margin lending</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">12,348</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">853</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">546</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">201</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,323</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">84</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">125</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">370</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">16,859</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and Advances</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,364</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">21,639</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">25,624</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">23,777</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">16,750</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">18,477</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">40,512</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">33,835</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">54,790</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">140,602</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">377,371</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Securities&#146; portfolio settlement</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">484</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,001</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,014</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,073</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,835</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,129</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11,944</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">14,722</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">20,366</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">59,755</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">132,324</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="44"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="42" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2015</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="#fcfcfc"><B>Contractual Maturities</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Demand</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Up to 1 Month</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>1 to 3 Months</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>3 to 6 Months</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>6 to 9 Months</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>9 to 12 Months</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>1 to 2 Years</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2 to 3 Years</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>3 to 5 Years</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over 5 Years</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Wholesale funding</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,106</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">9,093</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,751</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,222</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,160</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">15,856</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,845</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11,072</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">33,840</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">95,953</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Deposits in financial institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,932</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,271</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,064</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,783</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">995</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,952</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,314</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,110</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,283</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,270</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">27,975</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Deposits in other financial institutions and international agencies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">13,380</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8,907</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,494</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,939</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,442</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,217</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">205</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">274</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">36,877</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Customer deposits</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">193,079</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">29,003</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">22,846</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">15,983</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">13,517</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">13,751</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">14,076</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,615</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,447</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,190</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">309,508</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Securitiy pledge funding</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">50,042</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11,166</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,197</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">495</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">966</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,253</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">15,045</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,815</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,103</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">84,081</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Derivatives (net)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,621)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(208)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(21)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(253)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(74)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">120</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(220)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(95)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3,357)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE></DIV>
 <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">F-84 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The matrix shows the retail nature of the funding structure, with a loan portfolio being mostly funded by
customer deposits. On the outflows side of the matrix, the &#147;demand&#148; maturity bucket mainly contains the retail customers sight accounts whose behavior shows a high level of stability. According to internal methodology they are estimated to
mature on average in more than three years. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Long and short term wholesale funding markets were stable in 2016. The ECB carried out the new program
Targeted Longer-Term Refinancing Operations (TLTRO II), based on four quarterly targeted 4 years refinancing operations, with the aim of boosting channeled lending and improving financial conditions for the whole European economy. In the first
auction the Euro LMU took <FONT STYLE="font-family:Times New Roman">&#128;</FONT>23.7 billion after amortizing <FONT STYLE="font-family:Times New Roman">&#128;</FONT>14 billion in previous TLTRO auctions. In addition, over the whole year the Euro
LMU made issues in the public market for <FONT STYLE="font-family:Times New Roman">&#128;</FONT>6,350&nbsp;million, which has allowed it to obtain funding at favorable price conditions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In Mexico, the liquidity position is still solid in spite of the market volatility after the US elections. Dependence on wholesale funding remains
relatively low, where the good dynamics of customers funds have enabled a low appeal to wholesale markets, satisfied at the local market. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In United
States, the decrease in the credit gap during the year has diminished the need of wholesale funding, staying in a comfortable liquidity situation during 2016. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In Turkey, despite geopolitical tension and downgrading of Moody&#146;s credit rating, the domestic environment has remained stable, with no pressure on
funding sources, favored by global stability and by the measures adopted by the Central Bank of Turkey (CBRT). The liquidity position of the rest of subsidiaries has continued to be comfortable, maintaining a solid liquidity position in all the
jurisdictions in which the Group operates. Access to capital markets of these subsidiaries has also been maintained with recurring issues in the local market </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In this context, BBVA has maintained its objective of strengthening the funding structure of the different Group entities based on growing their
self-funding from stable customer funds, while guaranteeing a sufficient buffer of fully available liquid assets, diversifying the various sources of funding available, and optimizing the generation of collateral available for dealing with stress
situations in the markets. </P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5"><A NAME="fin368256_13v"></A>7.5.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Asset encumbrance </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016 and 2015, the encumbered (those provided as collateral for certain liabilities) and unencumbered assets are broken down as
follows: </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:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></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="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Encumbered assets</B></FONT></TD>
<TD VALIGN="bottom" 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>
<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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Book&nbsp;value&nbsp;of&nbsp;Encumbered&nbsp;&nbsp;&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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>assets</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Market&nbsp;value&nbsp;of&nbsp;Encumbered&nbsp;&nbsp;&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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>assets</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B><FONT STYLE="white-space:nowrap">&nbsp;&nbsp;&nbsp;&nbsp;Book&nbsp;value&nbsp;of&nbsp;non-&nbsp;&nbsp;&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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>encumbered&nbsp;assets</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B><FONT STYLE="white-space:nowrap">&nbsp;&nbsp;&nbsp;&nbsp;Market&nbsp;value&nbsp;of&nbsp;non-&nbsp;&nbsp;&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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>encumbered&nbsp;assets</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,214</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,214</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">9,022</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">9,022</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Debt Securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">40,114</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">39,972</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">90,679</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">90,679</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Loans and Advances and other assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">94,718</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">495,109</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="12"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></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="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Encumbered assets</B></FONT></TD>
<TD VALIGN="bottom" 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>
<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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Book value of Encumbered</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>assets</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Market value of Encumbered</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>assets</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Book value of non-</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>encumbered assets</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Market value of non-</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>encumbered assets</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,680</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,680</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">9,046</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">9,046</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Debt Securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">56,155</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">56,230</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">95,669</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">95,669</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Loans and Advances and other assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">100,139</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">486,165</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The committed value of &#147;Loans and Advances and other assets&#148; corresponds mainly to loans linked to the issue
of covered bonds, territorial bonds or long-term securitized bonds (see Note 22.3) as well as those used as a guarantee to access certain funding transactions with central banks. Debt securities and equity instruments respond to underlying that are
delivered in repos with different types of counterparties, mainly clearing houses or credit institutions, and to a lesser extent central banks. Collateral provided to guarantee derivative operations is also included as committed assets. </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">F-85 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016 and 2015, collateral pledge mainly due to repurchase agreements and securities
lending, and those which could be committed in order to obtain funding are provided below: </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:ARIAL; font-size:7pt" ALIGN="center">


<TR>
<TD WIDTH="94%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Collateral received</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair value of encumbered</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;collateral&nbsp;received&nbsp;or&nbsp;own&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>debt securities issued</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair value of collateral</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>received or own debt</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;securities&nbsp;issued&nbsp;available&nbsp;for&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>encumbrance</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Nominal amount of collateral</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>received or own debt</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;securities&nbsp;issued&nbsp;not&nbsp;available&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>for encumbrance</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Collateral received</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>19,921</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>10,039</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>173</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">58</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">59</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">19,863</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8,230</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Loans and Advances and other assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,750</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">144</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Own debt securities issued other than own covered bonds or ABSs</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>5</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Collateral received</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair value of encumbered</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>collateral received or own</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>debt securities issued</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair value of collateral</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>received or own debt</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>securities issued available
for&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>encumbrance</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Nominal amount of collateral</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>received or own debt</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>securities issued not available</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>for encumbrance</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Collateral received</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>21,532</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>9,415</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">768</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">21,532</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,872</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Loans and Advances and other assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,774</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Own debt securities issued other than own covered bonds or ABSs</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>6</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>162</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The guarantees received in the form of reverse repos or security lending transactions are committed by their use in
repos, as is the case with debt securities </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016 and 2015, financial liabilities issued related to encumbered assets in
financial transactions as well as their book value were as follows: </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:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="96%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Sources of encumbrance</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Matching liabilities,</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;contingent&nbsp;liabilities&nbsp;or&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>securities lent</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets,&nbsp;collateral&nbsp;received</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>and&nbsp;own</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>debt securities issued other</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;than&nbsp;covered&nbsp;bonds&nbsp;and&nbsp;ABSs&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>encumbered</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Book value of financial liabilities</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>134,387</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>153,632</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Derivatives</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">9,304</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">9,794</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Loans and Advances</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">96,137</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">108,268</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Outstanding subordinated debt</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">28,946</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">35,569</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other sources</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,594</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="8"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Sources of encumbrance</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Matching liabilities,</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>contingent liabilities or</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>securities lent</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets, collateral received</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>and own</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>debt securities issued other</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>than covered bonds and ABSs</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>encumbered</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Book value of financial liabilities</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>155,999</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>180,735</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Derivatives</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">10,683</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11,962</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Loans and Advances</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">106,884</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">118,951</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">Outstanding subordinated debt</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">35,257</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">43,206</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other sources</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,175</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>6,616</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&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">F-86 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1"><A NAME="fin368256_13w"></A>7.6</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Operational Risk </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Operational risk is defined as one that could potentially cause losses due to human errors, inadequate or faulty internal processes, system failures or
external events. This definition includes legal risk but excludes strategic and/or business risk and reputational risk. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Operational risk is
inherent to all banking activities, products, systems and processes. Its origins are diverse (processes, internal and external fraud, technology, human resources, commercial practices, disasters, suppliers). Operational risk management is a part of
the BBVA Group global risk management structure. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Operational risk management framework </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Operational risk management in the Group is based on the value-adding drivers generated by the advanced measurement approach (AMA), as follows: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Active management of operational risk and its integration into day-to-day decision-making means: </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Knowledge of the real losses associated with this type of risk. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Identification, prioritization and management of real and potential risks. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The existence of indicators that enable the Bank to analyze operational risk over time, define warning signals and
verify the effectiveness of the controls associated with each risk. </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">The above helps create a proactive model for
making decisions about control and business, and for prioritizing the efforts to mitigate relevant risks in order to reduce the Group&#146;s exposure to extreme events. </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Improved control environment and strengthened corporate culture. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Generation of a positive reputational impact. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Model based on three lines of defense, aligned with international best practices. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Operational Risk Management Principles </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Operational
risk management in BBVA Group should: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Be aligned with the risk appetite framework statement set out by the Board of BBVA. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Anticipate the potential operational risks to which the Group would be exposed as a result of new or modified products,
activities, processes, systems or outsourcing decisions, and establish procedures to enable their evaluation and reasonable mitigation prior to their implementation. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Establish methodologies and procedures to enable a regular reassessment of the relevant operational risks to which the
Group is exposed in order to adopt appropriate mitigation measures in each case, once the identified risk and the cost of mitigation (cost/benefit analysis) have been considered, while preserving the Group&#146;s solvency at all times.
</P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Identify the causes of the operational losses sustained by the Group and establish measures to reduce them. Procedures
must therefore be in place to enable the capture and analysis of the operational events that cause those losses. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Analyze the events that have caused operational risk losses in other institutions in the financial sector and promote,
where appropriate, the implementation of the measures needed to prevent them from occurring in the Group. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Identify, analyze and quantify events with a low probability of occurrence and high impact in order to evaluate their
mitigation. Due to their exceptional nature, it is possible that such events may not be included in the loss database or, if they are, they have impacts that are not representative. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Have an effective system of governance in place, where the functions and responsibilities of the areas and bodies
involved in operational risk management are clearly defined. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These principles reflect BBVA Group&#146;s vision of operational
risk, on the basis that the resulting events have an ultimate cause that should always be identified, and that the impact of the events is reduced significantly by controlling that cause. </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">F-87 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Irrespective of the adoption of all the possible measures and controls for preventing or reducing both the
frequency and severity of operational risk events, BBVA ensures at all times that sufficient capital is available to cover any expected or unexpected losses that may occur. </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1"><A NAME="fin368256_13x"></A>7.7</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Risk concentration </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Policies for preventing excessive risk concentration </FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In order to prevent the build-up of excessive concentrations of credit risk at the individual, country and sector levels, BBVA Group maintains maximum
permitted risk concentration indices updated at individual and portfolio sector levels tied to the various observable variables within the field of credit risk management. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The limit on the Group&#146;s exposure or financial commitment to a specific customer therefore depends on the customer&#146;s credit rating, the nature
of the risks involved, and the Group&#146;s presence in a given market, based on the following guidelines: </P> <P STYLE="font-size:10pt;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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 aim is, as much as possible, to reconcile the customer&#146;s credit needs (commercial/financial,
short-term/long-term, etc.) with the interests of the Group. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Any legal limits that may exist concerning risk concentration are taken into account (relationship between risks with a
customer and the capital of the shareholder&acute;s entity that assumes them), the markets, the macroeconomic situation, etc. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">Risk concentrations by geography </FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the main figures in the most significant foreign currencies in the
accompanying consolidated balance sheets is set forth in Appendix X. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Sovereign risk concentration </FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Sovereign risk management </FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The risk
associated with the transactions involving sovereign risk is identified, measured, controlled and tracked by a centralized unit integrated in the BBVA Group&#146;s Risk Area. Its basic functions involve the preparation of reports in the countries
where sovereign risk exists (called &#147;financial programs&#148;), tracking such risks, assigning ratings to these countries and, in general, supporting the Group in terms of reporting requirements for any transactions involving sovereign risk.
The risk policies established in the financial programs are approved by the relevant risk committees. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The country risk unit tracks the evolution of
the risks associated with the various countries to which the Group are exposed (including sovereign risk) on an ongoing basis in order to adapt its risk and mitigation policies to any macroeconomic and political changes that may occur. Moreover, it
regularly updates its internal ratings and forecasts for these countries. The internal rating assignment methodology is based on the assessment of quantitative and qualitative parameters which are in line with those used by certain multilateral
organizations such as the International Monetary Fund (IMF) and the World Bank, rating agencies and export credit organizations. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">For additional information on
sovereign risk in Europe see Appendix X. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Valuation and impairment methods </FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The valuation methods used to assess the instruments that are subject to sovereign risks are the same ones used for other instruments included in the
relevant portfolios and are detailed in Note 8. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Specifically, the fair value of sovereign debt securities of European countries has been considered
equivalent to their listed price in active markets (Level 1 as defined in Note 8). </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Risk related to the developer and Real-Estate sector in
Spain </FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">One of the main Group activities of the Group in Spain is focused on developer and mortgage loans. The policies and strategies
established by the Group to deal with risks related to the developer and real-estate sector are explained below: </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">F-88 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Policies and strategies established by the Group to deal with risks related to the developer and
real-estate sector </FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">BBVA has teams specializing in the management of the Real-Estate Sector risk, given its economic importance and specific
technical component. This specialization is not only in the Risk-Acceptance teams, but throughout the handling, commercial, problem risks and legal, etc. It also includes the research department of the BBVA Group (BBVA Research), which helps
determine the medium/long-term vision needed to manage this portfolio. Specialization has been increased and the management teams in the areas of recovery and the Real Estate Unit itself have been reinforced. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The policies established to address the risks related to the developer and real-estate sector, aim to accomplish, among others, the following
objectives: to avoid concentration in terms of customers, products and regions; to estimate the risk profile for the portfolio; and to anticipate possible worsening of the portfolio. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Specific policies for analysis and admission of new developer risk transactions </FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the analysis of new operations, the assessment of the commercial operation in terms of the economic and financial viability of the project has been
one of the constant points that have helped ensure the success and transformation of construction land operations for customers&#146; developments. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">With regard the participation of the Risk Acceptance teams, they have a direct link and participate in the committees of areas such as Recoveries and
the Real Estate Unit. This guarantees coordination and exchange of information in all the processes. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The following strategies have been implemented
with customers in the developer sector: avoidance of large corporate transactions, which had already reduced their share in the years of greatest market growth; non active participation in the second-home market; commitment to public housing
financing; and participation in land operations with a high level of urban development security, giving priority to land open to urban development. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">Risk monitoring policies </FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The base information for analyzing the real estate portfolios is updated monthly. The tools used
include the so-called &#147;watch-list&#148;, which is updated monthly with the progress of each client under watch, and the different strategic plans for management of special groups. There are plans that involve an intensification of the review of
the portfolio for financing land, while, in the case of ongoing promotions, they are classified based on the rate of progress of the projects. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These actions have enabled BBVA to identify possible impairment situations, by always keeping an eye on BBVA&#146;s position with each customer (whether
or not as first creditor). In this regard, key aspects include management of the risk policy to be followed with each customer, contract review, deadline extension, improved collateral, rate review (repricing) and asset purchase. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Proper management of the relationship with each customer requires knowledge of various aspects such as the identification of the source of payment
difficulties, an analysis of the company&#146;s future viability, the updating of the information on the debtor and the guarantors (their current situation and business course, economic-financial information, debt analysis and generation of funds),
and the updating of the appraisal of the assets offered as collateral. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">BBVA has a classification of debtors in accordance with legislation in force
in each country, usually categorizing each one&#146;s level of difficulty for each risk. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Based on the information above, a decision is made whether
to use the refinancing tool, whose objective is to adjust the structure of the maturity of the debt to the generation of funds and the customer&#146;s payment capacity. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As for the policies relating to risk refinancing with the developer and real-estate sector, they are the same as the general policies used for all of
the Group&#146;s risks (see Note 7.3.6). In the developer and real estate sector, they are based on clear solvency and viability criteria for projects, with demanding terms for additional guarantees and legal compliance, given a refinancing tool
that standardizes criteria and variables when considering any refinancing operation. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the case of refinancing, the tools used for enhancing the
Bank&#146;s position are: the search for new intervening parties with proven solvency and initial payment to reduce the principal debt or outstanding interest; the improvement of the debt bond in order to facilitate the procedure in the event of
default; the provision of new or additional collateral; and making refinancing viable with new conditions (period, rate and repayments), adapted to a credible and sufficiently verified business plan. </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">F-89 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Policies applied in the management of real estate assets in Spain </FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The policy applied for managing these assets depends on the type of real-estate asset, as detailed below. </P>
<P STYLE="font-size:10pt;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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">In the case of completed homes, the final aim is the sale of these homes to private individuals, thus reducing the risk
and beginning a new business cycle. Here, the strategy has been to help subrogation (the default rate in this channel of business is notably lower than in any other channel of residential mortgages) and to support customers&#146; sales directly,
using BBVA&#146;s own channel (BBVA Services and our branches), creating incentives for sale and including sale orders for BBVA. In exceptional case we have even accepted partial haircuts, with the aim of making the sale easier.
</P></TD></TR></TABLE> <P STYLE="font-size:10pt;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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">In the case of ongoing home construction, the strategy has been to help and promote the completion of the construction
in order to transfer the investment to completed homes. The whole developer Works in Progress portfolio has been reviewed and classified into different stages with the aim of using different tools to support the strategy. This includes the use of
developer accounts-payable financing as a form of payment control, the use of project monitoring supported by the Real Estate Unit itself, and the management of direct suppliers for the works as a complement to the developer&#146;s own management.
</P></TD></TR></TABLE> <P STYLE="font-size:10pt;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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">With respect to land, the fact that the risk of rustic land is not significant simplifies the management. Urban
management and liquidity control to tackle urban planning costs are also subject to special monitoring. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">For quantitative information about the
risk related to the developer and Real-Estate sector in Spain see Appendix X. </P> <P STYLE="font-size:10pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_14"></A>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="#094fa4">Fair value </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">8.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Fair value of financial instrument </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The fair value of financial instrument is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement date. It is therefore a market-based measurement and not specific to each entity. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">All
financial instruments, both assets and liabilities are initially recognized at fair value, which at that point is equivalent to the transaction price, unless there is evidence to the contrary in the market. Subsequently, depending on the type of
financial instrument, it may continue to be recognized at amortized cost or fair value through adjustments in the income statement or equity. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">When
possible, the fair value is determined as the market price of a financial instrument. However, for many of the financial assets and liabilities of the Group, especially in the case of derivatives, there is no market price available, so its fair
value is estimated on the basis of the price established in recent transactions involving similar instruments or, in the absence thereof, by using mathematical measurement models that are sufficiently tried and trusted by the international financial
community. The estimates of the fair value derived from the use of such models take into consideration the specific features of the asset or liability to be measured and, in particular, the various types of risk associated with the asset or
liability. However, the limitations inherent in the measurement models and possible inaccuracies in the assumptions and parameters required by these models may mean that the estimated fair value of an asset or liability does not exactly match the
price for which the asset or liability could be exchanged or settled on the date of its measurement. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The process for determining the fair value
established in the Group to ensure that trading portfolio assets are properly valued, BBVA has established, at a geographic level, a structure of New Product Committees responsible for validating and approving new products or types of financial
assets and liabilities before being contracted. The members of these Committees, responsible for valuation, are independent from the business (see Note 7). </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These areas are required to ensure, prior to the approval stage, the existence of not only technical and human resources, but also adequate
informational sources to measure the fair value these financial assets and liabilities, in accordance with the rules established by the Global Valuation Area and using models that have been validated and approved by the Risk Analytics Department
that reports to Global Risk Management. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Additionally, for financial assets and liabilities that show significant uncertainty in inputs or model
parameters used for assessment, criteria is established to measure said uncertainty and activity limits are set based on these. Finally, these measurements are compared, as much as possible, against other sources such as the measurements obtained by
the business teams or those obtained by other market participants. </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">F-90 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The process for determining the fair value requires the classification of the financial assets and
liabilities according to the measurement processes used as set forth below: </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 style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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"><I>Level 1</I>: Measurement using market observable quoted prices for the financial instrument in question, secured from
independent sources and trading in referred to active markets - according to the Group policies. This level includes listed debt securities, listed equity instruments, some derivatives and mutual funds. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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"><I>Level 2:</I> Measurement that applies techniques using inputs drawn from observable market data.
</P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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"><I>Level 3:</I> Measurement using techniques where some of the material inputs are not derived from market observable
data. As of December&nbsp;31, 2016, the affected instruments accounted for approximately 0.12% of financial assets and 0.02% of the Group&#146;s financial liabilities registered at fair value. Model selection and validation is undertaken by control
areas outside the market units. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Below is a comparison of the carrying amount of the Group&#146;s financial instruments in the
accompanying consolidated balance sheets and their respective fair values. </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:ARIAL; font-size:7.5pt" ALIGN="center">


<TR>
<TD WIDTH="55%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="26"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="middle" ROWSPAN="2"><FONT COLOR="#fcfcfc"><B>Fair Value and Carrying Amount</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff; BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff; BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>2015</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff; BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Carrying<BR>Amount</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair&nbsp;Value</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Carrying<BR>Amount</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">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair&nbsp;Value</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Carrying<BR>Amount</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair&nbsp;Value&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>ASSETS-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Cash, cash balances at central banks and other demand deposits</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,039</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,039</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29,282</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29,282</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,719</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,719</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial assets held for trading</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">74,950</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">74,950</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">78,326</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">78,326</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">83,258</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">83,258</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial assets designated at fair value through profit or loss</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,062</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,062</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,311</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,311</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,761</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,761</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Available-for-sale financial assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">79,221</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">79,221</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">113,426</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">113,426</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">94,875</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">94,875</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and receivables</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">465,977</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">468,844</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">471,828</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">480,539</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">376,086</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">377,108</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Held-to-maturity investments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,696</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,619</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Derivatives &#150; Hedge accounting</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">15</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,833</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,833</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,538</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,538</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,551</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,551</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>LIABILITIES-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial liabilities held for trading</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54,675</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54,675</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">55,202</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">55,202</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">56,798</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">56,798</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial liabilities designated at fair value through profit or loss</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,338</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,338</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,649</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,649</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,724</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,724</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial liabilities at amortized cost</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">589,210</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">594,190</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">606,113</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">613,247</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">491,899</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">486,904</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Derivatives &#150; Hedge accounting</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">15</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,347</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,347</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,726</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,726</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,331</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,331</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Not all financial assets and liabilities are recorded at fair value, so below we provide the information on financial
instruments recorded at fair value and subsequently the information of those recorded at cost (including their fair value), although this value is not used when accounting for these 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">F-91 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#009ee5">8.1.1 Fair value of financial instrument recognized at fair value, according valuation criteria
</FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The following table shows the main financial instruments carried at fair value in the accompanying consolidated balance sheets, broken down
by the measurement technique used to determine their fair value: </P> <P STYLE="font-size:10pt;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:7pt" ALIGN="center">


<TR>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="50"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ROWSPAN="2"><FONT COLOR="#fcfcfc"><B>Fair Value of financial Instruments by Levels</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff; BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="14" ALIGN="center" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="14" ALIGN="center" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="14" ALIGN="center" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Level&nbsp;1</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Level&nbsp;2</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Level&nbsp;3</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Level&nbsp;1</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Level&nbsp;2</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Level&nbsp;3</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Level&nbsp;1</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Level&nbsp;2</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Level&nbsp;3</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>ASSETS-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Financial assets held for trading</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>32,544</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>42,221</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>184</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>74,950</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>37,922</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>40,240</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>164</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>78,326</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>39,603</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>43,459</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>195</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>83,258</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and advances</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">154</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">154</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">65</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">65</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">128</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">128</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26,720</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">418</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,166</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32,381</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">409</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32,824</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33,150</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">691</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">43</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33,883</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,570</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">96</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,675</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,336</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">106</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">93</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,534</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,923</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">77</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,017</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Derivatives</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,254</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41,640</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">60</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42,954</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,205</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39,661</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,902</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,530</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42,623</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">76</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44,229</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Financial assets designated at fair value through profit or loss</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,062</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,062</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,246</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>62</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,311</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,690</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>71</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,761</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and advances</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">142</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">142</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">173</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">173</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">666</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">71</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">737</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,920</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,920</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,074</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,075</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,024</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,024</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Available-for-sale financial assets</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>62,125</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>15,894</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>637</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>78,656</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>97,113</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>15,477</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>236</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>112,826</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>76,693</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>17,236</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>406</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>94,335</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">58,372</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,779</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">429</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">74,580</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">92,963</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,260</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">86</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">108,310</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">70,225</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,987</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">396</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">87,608</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,753</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">115</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">208</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,076</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,150</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">217</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">150</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,517</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,468</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">249</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,727</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Hedging derivatives</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">15</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>41</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,792</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,833</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>59</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,478</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,538</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>59</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,491</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,551</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>LIABILITIES-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Financial liabilities held for trading</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,502</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42,120</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54,675</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,074</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41,079</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">55,203</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,627</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">43,135</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">56,798</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Derivatives</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">952</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42,120</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">43,119</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,037</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41,079</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42,149</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,880</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">43,135</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">45,052</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Short positions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,550</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,556</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,038</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,053</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,747</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,747</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Financial liabilities designated at fair value through profit or loss</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,338</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,338</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,649</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,649</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,724</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,724</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Derivatives &#150; Hedge accounting</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">15</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>94</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,189</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>64</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,347</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,594</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>132</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,726</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,270</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>62</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,331</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The heading &#147;Available-for-sale financial assets&#148; in the accompanying consolidated balance sheets as of
December&nbsp;31, 2016, 2015 and 2014 additionally includes <FONT STYLE="font-family:Times New Roman">&#128;</FONT>565&nbsp;million, <FONT STYLE="font-family:Times New Roman">&#128;</FONT>600 and
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>540&nbsp;million for equity instruments, respectively, for financial assets accounted for at cost, as indicated in the section of this Note entitled &#147;Financial instruments at cost&#148;.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In 2016 and 2015, financial instruments carried at fair value corresponding to the companies that belong to Banco Provincial Group in Venezuela
whose balance is denominated in <I>&#147;bolivares fuertes&#148;</I> are classified under Level 3 in the above tables (see Note 2.2.20.) </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The
following table sets forth the main valuation techniques, hypothesis and inputs used in the estimation of fair value of the financial instruments classified under Levels 2 and 3, based on the type of financial asset and liability and the
corresponding balances as of December&nbsp;31, 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">F-92 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" ALIGN="center">


<TR>
<TD WIDTH="36%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="19%"></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Financial Instruments</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Level 2</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair&nbsp;Value</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(Millions&nbsp;of</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>euros)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>Valuation&nbsp;technique(s)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Unobservable&nbsp;inputs</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom"><FONT STYLE="font-size:4pt" COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-left:8pt"><FONT COLOR="#094fa4"><B>Loans and advances</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1.00pt dotted #bfbfbf"><FONT COLOR="#094fa4"><B>Present-value method</B><BR>(Discounted future cash flows)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt dotted #bfbfbf; BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1px solid #bfbfbf; padding-right:2pt"><FONT COLOR="#094fa4">- Prepayment rates<BR>- Issuer credit risk</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;Financial assets held for trading</FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #b5e5f9">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #b5e5f9"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;</FONT></P></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #b5e5f9"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4">154</FONT></P></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #b5e5f9"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1.00pt dotted #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt dotted #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-right:2pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4">-&nbsp;Current&nbsp;market&nbsp;interest&nbsp;rates</FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:4pt">
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-left:8pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Debt securities</B></FONT></P></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt"></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT
 COLOR="#094fa4"><B></B>&nbsp;</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1.00pt dotted #bfbfbf"><FONT COLOR="#094fa4"><B>Present-value method</B><BR>(Discounted future cash flows)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt dotted #bfbfbf; BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1px solid #bfbfbf; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Prepayment
rates</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Issuer credit risk</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Current market interest rates</FONT></P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;Financial assets held for trading</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;</FONT></P></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4">418</FONT></P></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"><FONT COLOR="#094fa4">&nbsp;&nbsp;Financial assets designated at fair value<BR>&nbsp;&nbsp;through profit or loss</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1.00pt dotted #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"><FONT COLOR="#094fa4"><B>Active price in inactive market</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt dotted #bfbfbf; BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">- Brokers/dealers quotes</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">- External contributing prices</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Market benchmarks</FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-left:8pt"><FONT COLOR="#094fa4">Available-for-sale financial assets</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf" ALIGN="center"><FONT COLOR="#094fa4">15,779</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1.00pt dotted #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"><FONT COLOR="#094fa4"><B>Comparable pricing</B><BR>(Observable price in a similar market)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:4pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-left:8pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Equity Instruments</B></FONT></P></TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt"></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT
 COLOR="#094fa4"><B></B>&nbsp;</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="4" ALIGN="center" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1.00pt dotted #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"><FONT COLOR="#094fa4"><B>Comparable pricing</B><BR>(Observable price in a similar
market)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt dotted #bfbfbf; BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="4" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">- Brokers quotes</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Market operations</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">- NAVs published</FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;Financial assets held for trading</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf" ALIGN="center"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;Financial assets designated at fair value<BR>&nbsp;&nbsp;&nbsp;&nbsp;through profit or
loss</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-left:8pt"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;Available-for-sale financial assets</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #bfbfbf" ALIGN="center"><FONT COLOR="#094fa4">115</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #b5e5f9; BORDER-BOTTOM:1px solid #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:4pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-left:8pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Other financial liabilities</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt"></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT
 COLOR="#094fa4"><B></B>&nbsp;</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ROWSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1.00pt dotted #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"><FONT COLOR="#094fa4"><B>Present-value method</B><BR>(Discounted future cash flows)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt dotted #bfbfbf; BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">- Prepayment rates</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Issuer credit risk</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Current market interest rates</FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-left:8pt"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;Financial liabilities designated at fair<BR>&nbsp;&nbsp;&nbsp;&nbsp;value through profit or
loss</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #bfbfbf" ALIGN="center"><FONT COLOR="#094fa4">2,338</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #b5e5f9; BORDER-BOTTOM:1px solid #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:4pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-left:8pt"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Derivatives</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt"></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT
 COLOR="#094fa4"><B></B>&nbsp;</FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt"></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ROWSPAN="6" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1.00pt dotted #bfbfbf"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><FONT
STYLE="font-family:SYMBOL; font-size:5pt" COLOR="#009ee5">&#183;</FONT>Commodities:<B> Discounted cash flows and moment adjustment</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><FONT STYLE="font-family:SYMBOL; font-size:5pt" COLOR="#009ee5">&#183;</FONT>Credit products:<B> Default
model and Gaussian copula</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><FONT STYLE="font-family:SYMBOL; font-size:5pt" COLOR="#009ee5">&#183;</FONT>Exchange rate products:<B>
Discounted cash flows, Black,</B> <B>Local Vol and Moment adjustment</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><FONT
STYLE="font-family:SYMBOL; font-size:5pt" COLOR="#009ee5">&#183;</FONT>Fixed income products:<B> Discounted cash flows</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><FONT STYLE="font-family:SYMBOL; font-size:5pt" COLOR="#009ee5">&#183;</FONT>Equity instruments:<B> Local-
Vol</B>&nbsp;&nbsp;&nbsp;&nbsp;,<B> Black, Moment adjustment and Discounted cash flows</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><FONT
STYLE="font-family:SYMBOL; font-size:5pt" COLOR="#009ee5">&#183;</FONT>Interest rate products:</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Interest rate swaps,
Call money Swaps y FRA:<B>Discounted cash flows</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Caps/Floors:<B> Black, Hull-White y SABR</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Bond options:<B> Black</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Swaptions:<B> Black, Hull-White y LGM</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Interest rate options:<B> Black, Hull-White y SABR</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.50em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Constant Maturity Swaps:<B> SABR</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt dotted #bfbfbf; BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="6" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1px solid #bfbfbf; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Exchange rates</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Market quoted future prices</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">-
Market interest rates</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Underlying assests prices: shares, funds, commodities</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Market observable volatilities</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">-
Issuer credit spread levels</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Quoted dividends</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">- Market listed correlations</FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B><I>&nbsp;&nbsp;&nbsp;&nbsp;Derivatives</I></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial assets held for trading</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf" ALIGN="center"><FONT COLOR="#094fa4">41,640</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial liabilities held for trading</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf" ALIGN="center"><FONT COLOR="#094fa4">42,120</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Hedging derivatives</I></B></FONT></P> <P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assets</FONT></P> <P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf" ALIGN="center"><FONT COLOR="#094fa4">2,792</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-left:8pt"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liability</FONT></P> <P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #bfbfbf" ALIGN="center"><FONT COLOR="#094fa4">2,189</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #b5e5f9; BORDER-BOTTOM:1px solid #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt dotted #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Financial Instruments</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Level&nbsp;3</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair&nbsp;Value</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(Millions&nbsp;of</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>euros)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>Valuation&nbsp;technique(s)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Unobservable&nbsp;inputs</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom"><FONT STYLE="font-size:4pt" COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-left:8pt"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><B>Debt securities</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1.00pt dotted #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><B>Present-value method</B><BR>(Discounted future cash flows)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt dotted #bfbfbf; BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1px solid #bfbfbf; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">-
Credit spread</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Recovery rates</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Interest rates</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">- Market benchmark</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Default correlation</FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;Financial assets held for trading</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;</FONT></P></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4">28</FONT></P></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-left:8pt"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;Available-for-sale financial assets</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf" ALIGN="center"><FONT STYLE="font-size:7pt" COLOR="#094fa4">429</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1.00pt dotted #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><B>Comparable pricing</B><BR>(Comparison with prices of similar
instruments)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px dotted #bfbfbf; BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-right:2pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">- Prices of similar instruments or market benchmark</FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-left:8pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Equity Instruments</B></FONT></P></TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt"></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT
 COLOR="#094fa4"><B></B>&nbsp;</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1.00pt dotted #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><B>Net Asset Value</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt dotted #bfbfbf; BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1px solid #bfbfbf; padding-right:2pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">- NAV
provided by the administrator of the fund</FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;Financial assets held for trading</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf" ALIGN="center"><FONT STYLE="font-size:7pt" COLOR="#094fa4">96</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-left:8pt"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;Available-for-sale financial assets</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf" ALIGN="center"><FONT STYLE="font-size:7pt" COLOR="#094fa4">208</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1.00pt dotted #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><B>Comparable pricing</B><BR>(Comparison with prices of similar
instruments)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt dotted #bfbfbf; BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-right:2pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">- Prices of similar instruments or market benchmark</FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-left:8pt"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><B>Short Positions</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1.00pt dotted #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><B>Present-value method</B><BR>(Discounted future
cash flows)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt dotted #bfbfbf; BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-right:2pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Credit spread</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">- Recovery rates</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Interest rates</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Market benchmark</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Default correlation</FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-left:8pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;Financial liabilities held for trading</FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #bfbfbf" ALIGN="center"><FONT STYLE="font-size:7pt" COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt dotted #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-left:8pt"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><B>Derivatives</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1.00pt dotted #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4">Credit Option: <B>Gaussian Copula</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt dotted #bfbfbf; BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1px solid #bfbfbf; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">-
Correlatio default</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Credit spread</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Recovery rates</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">- Interest rate yields</FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><B><I>Trading derivatives</I></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial assets held for trading</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf" ALIGN="center"><FONT STYLE="font-size:7pt" COLOR="#094fa4">60</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1.00pt dotted #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4">Equity OTC Options : <B>Heston</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt dotted #bfbfbf; BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1px solid #bfbfbf; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">-
Volatility of volatility</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Interest rate yields</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Dividends</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">- Assets correlation</FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial liabilities held for trading</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4">47</FONT></P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Hedging derivatives</I></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1.00pt dotted #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4">Interest rate options: <B>Libor Market
Model</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt dotted #bfbfbf; BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-right:2pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Beta</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">- Correlation rate/credit</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Credit default volatility</FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-left:8pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liability</FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #bfbfbf" ALIGN="center"><FONT STYLE="font-size:7pt" COLOR="#094fa4">64</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"><FONT STYLE="font-size:7pt" COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf">&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">F-93 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Quantitative information of unobservable inputs used to calculate Level 3 valuations is presented below: </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:ARIAL; font-size:7.5pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Financial&nbsp;instrument</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Valuation&nbsp;technique(s)&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Significant&nbsp;unobservable&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>inputs</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Min&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Max&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Average&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Units&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2"><FONT COLOR="#094fa4">Net Present Value</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Credit Spread</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">61.23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">396.76</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">225.58</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">b.p.</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt Securities</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4"><FONT COLOR="#094fa4">Recovery Rate</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4" ALIGN="right"><FONT COLOR="#094fa4">40.00%</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4" ALIGN="right"><FONT COLOR="#094fa4">61.46%</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4" ALIGN="right"><FONT COLOR="#094fa4">40.30</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4"><FONT COLOR="#094fa4">%</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">Comparable&nbsp;pricing</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ddd9c4" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt solid #009ee5" BGCOLOR="#ddd9c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt solid #009ee5" ALIGN="right"><FONT COLOR="#094fa4">0.47%</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt solid #009ee5" ALIGN="right"><FONT COLOR="#094fa4">93.40%</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt solid #009ee5" ALIGN="right"><FONT COLOR="#094fa4">41.73%</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">%</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="21"></TD>
<TD HEIGHT="21" COLSPAN="2"></TD>
<TD HEIGHT="21" COLSPAN="2" BGCOLOR="#ddd9c4"></TD>
<TD HEIGHT="21" COLSPAN="14"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="bottom"><FONT COLOR="#094fa4">Equity instruments</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt dotted #ddd9c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt dotted #ddd9c4"><FONT COLOR="#094fa4">Net&nbsp;Asset&nbsp;Value</FONT> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#ddd9c4" STYLE="BORDER-BOTTOM:1.00pt dotted #ddd9c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt dotted #ddd9c4" BGCOLOR="#ddd9c4">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="middle" COLSPAN="12" ALIGN="center"><FONT COLOR="#094fa4">Too wide Range to be relevant</FONT> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">Comparable pricing</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ddd9c4" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5" BGCOLOR="#ddd9c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">Credit Option</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">Gaussian&nbsp;Copula</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">Correlation Default</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5" ALIGN="right"><FONT COLOR="#094fa4">0.48</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5" ALIGN="right"><FONT COLOR="#094fa4">0.73</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5" ALIGN="right"><FONT COLOR="#094fa4">0.67</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">%</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">Corporate Bond Option</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">Black 76</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">Price Volatility</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5" ALIGN="right"><FONT COLOR="#094fa4">5.16</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">vegas</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">Equity OTC Option</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">Heston</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">Forward&nbsp;Volatility&nbsp;Skew</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5" ALIGN="right"><FONT COLOR="#094fa4">79.58</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5" ALIGN="right"><FONT COLOR="#094fa4">79.58</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5" ALIGN="right"><FONT COLOR="#094fa4">79.58</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.00pt solid #009ee5"><FONT COLOR="#094fa4">Vegas</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Beta</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18.00</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9.00</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">%</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Interest Rate Option</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Libor&nbsp;Market&nbsp;Model</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4"><FONT COLOR="#094fa4">Correlation&nbsp;Rate/Credit</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt dotted #ddd9c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt dotted #ddd9c4"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt dotted #ddd9c4" ALIGN="right"><FONT COLOR="#094fa4">(100.00</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt dotted #ddd9c4"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt dotted #ddd9c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt dotted #ddd9c4"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt dotted #ddd9c4" ALIGN="right"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt dotted #ddd9c4"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#ddd9c4" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt dotted #ddd9c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt dotted #ddd9c4" BGCOLOR="#ddd9c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt dotted #ddd9c4" BGCOLOR="#ddd9c4">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt dotted #ddd9c4" BGCOLOR="#ddd9c4">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt dotted #ddd9c4">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-TOP:1.00pt dotted #ddd9c4; BORDER-BOTTOM:1.00pt dotted #ddd9c4"><FONT COLOR="#094fa4">%</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #009ee5"><FONT COLOR="#094fa4">Credit&nbsp;Default&nbsp;Volatility</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #009ee5" ALIGN="right"><FONT COLOR="#094fa4">0.00</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #009ee5" ALIGN="right"><FONT COLOR="#094fa4">0.00</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #009ee5" ALIGN="right"><FONT COLOR="#094fa4">0.00</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #009ee5"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #009ee5"><FONT COLOR="#094fa4">Vegas</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The main techniques used for the assessment of the main financial instruments classified in Level 3, and its main
unobservable inputs, are described below: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 net present value (net present value method): This technique uses the future cash flows of each debt security, which
are established in the different contracts, and discounted to their present value. This technique often includes many observable inputs, but may also include unobservable inputs, as described below. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Credit Spread: This input represents the difference in yield of a debt security and the reference rate, reflecting the
additional return that a market participant would require to take the credit risk of that debt security. Therefore, the credit spread of the debt security is part of the discount rate used to calculate the present value of the future cash flows.
</P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Recovery rate: This input represents the percentage of principal and interest recovered from a debt instrument that has
defaulted. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Comparable prices (similar asset prices): This input represents the prices of comparable financial instruments and
benchmarks are used to calculate its yield from the entry price or current rating making further adjustments to account for differences that may exist between financial instrument being valued and the comparable financial instrument. It can also be
assumed that the price of the financial instrument is equivalent to the other. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Net asset value: This input represents the total value of the financial assets and liabilities of a fund and is
published by the fund manager thereof. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Gaussian copula: This input is dependent on credit instruments referenced by the CDS, the joint density function to
integrate to value is constructed by a Gaussian copula that relates the marginal densities by a normal distribution, usually extracted from the correlation matrix of events approaching default by CDS issuers. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Black 76: variant of Black Scholes model, which main application is the valuation of bond options, cap floors and
swaptions to directly model the behavior of the Forward and not the Spot itself. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Heston: This model, typically applied to equity OTC options, assumes stochastic behavior of volatility. According to
which, the volatility follows a process that reverts to a long-term level and is correlated with the underlying equity instrument. As opposed to local volatility models, in which the volatility evolves deterministically, the Heston model is more
flexible, allowing it to be similar to that observed in the short term today. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Libor market model: This model assumes that the dynamics of the interest rate curve can be modeled based on the set of
forward contracts that compose the interest rate option. The correlation matrix is parameterized on the assumption that the correlation between any two forward contracts decreases at a constant rate, beta, to the extent of the difference in their
respective due dates. The input &#147;Credit default volatility&#148; is a volatility input of the credit factor dynamic. The multifactorial frame of this model makes it ideal for the valuation of instruments sensitive to the slope or curve,
including interest rate option. </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">F-94 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Adjustments to the valuation for risk of default </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The credit valuation adjustments (&#147;CVA&#148;) and debit valuation adjustments (&#147;DVA&#148;) are a part of derivative instrument valuations, both
financial assets and liabilities, to reflect the impact in the fair value of the credit risk of the counterparty and its own, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These
adjustments are calculated by estimating Exposure At Default, Probability of Default and Loss Given Default, for all derivative products on any instrument at the legal entity level (all counterparties under a same ISDA / CMOF) in which BBVA has
exposure. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As a general rule, the calculation of CVA is done through simulations of market and credit variables to calculate the expected positive
exposure, given the Exposure at Default and multiplying the result by the Loss Given Default of the counterparty. Consequently, the DVA is calculated as the result of the expected negative exposure given the Exposure at Default and multiplying the
result by the Loss Given Default of the counterparty. Both calculations are performed throughout the entire period of potential exposure. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The
information needed to calculate the exposure at default and the loss given default come from the credit markets (Credit Default Swaps or iTraxx Indexes), where rating is available. For those cases where the rating is not available, BBVA implements a
mapping process based on the sector, rating and geography to assign probabilities of both probability of default and loss given default, calibrated directly to market or with an adjustment market factor for the probability of default and the
historical expected loss. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amounts recognized in the Consolidated balance sheet as of December&nbsp;31, 2016 related to the valuation
adjustments to the credit assessment of the derivative asset as &#147;Credit Valuation Adjustments&#148; (&#147;CVA&#148;) and the derivative liabilities were -<FONT STYLE="font-family:Times New Roman">&#128;</FONT>275&nbsp;million and <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>291&nbsp;million respectively. The impact recorded under &#147;Gains or (-) losses on financial assets and liabilities held for trading, net&#148; in the consolidated income statement as of 2016 and
2015 corresponding to the mentioned adjustments was a net impact of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>46&nbsp;million and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>109&nbsp;million respectively. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial assets and liabilities classified as Level 3 </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The changes in the balance of Level 3 financial assets and liabilities included in the accompanying consolidated balance sheets are as follows: </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:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="62%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Financial Assets Level 3</B></FONT></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff; BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff; BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff; BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Changes in the Period</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Liabilities</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Assets&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Liabilities</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Assets&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Liabilities&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>463</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>182</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>601</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>98</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>881</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>52</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Group incorporations</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">148</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Changes in fair value recognized in profit and loss (*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(86)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">124</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(100)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Changes in fair value not recognized in profit and loss</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(81)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(123)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(43)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Acquisitions, disposals and liquidations (**)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">438</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(25)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(510)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">89</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(153)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Net transfers to Level 3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">145</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Exchange differences and others</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(47)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">49</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(71)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">219</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(130)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>822</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>116</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>463</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>182</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>601</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>98</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Profit or loss that is attributable to gains or losses relating to those financial assets and liabilities held as of
December&nbsp;31, 2016, 2015 and 2014. Valuation adjustments are recorded under the heading &#147;Gains (losses) on financial assets and liabilities (net)&#148;. </P></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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Of which, in 2016, the assets roll forward is comprised of
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>849&nbsp;million of acquisitions, <FONT STYLE="font-family:Times New Roman">&#128;</FONT>340 millions of disposals and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>71 millions of
liquidations. The liabilities roll forward is comprised of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>47&nbsp;million of acquisitions and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>70&nbsp;million of disposals y 3 millions of
liquidations. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, the profit/loss on sales of financial instruments classified as Level 3 recognized in
the accompanying income statement was not material. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Transfers between levels </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Global Valuation Area, in collaboration with the Technology and Methodology Area, has established the rules for a proper financials assets held for
trading classification according to the fair value hierarchy defined by international accounting standards. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On a monthly basis, any new assets
added to the portfolio are classified, according to this criterion, by the accounting subsidiary. Then, there is a quarterly review of the portfolio in order to analyze the need for a change in classification of any of these assets. </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">F-95 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The financial instruments transferred between the different levels of measurement for the year ended
December&nbsp;31, 2016 are at the following amounts in the accompanying consolidated balance sheets as of December&nbsp;31, 2016: </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:ARIAL; font-size:7pt" ALIGN="center">


<TR>
<TD WIDTH="54%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="26" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle" ROWSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Transfer Between Levels</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;From:</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;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#fcfcfc"><B>Level&nbsp;I</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;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#fcfcfc"><B>Level 2</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#fcfcfc"><B>Level 3</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc">&nbsp;&nbsp;&nbsp;&nbsp;To:&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc">&nbsp;&nbsp;&nbsp;&nbsp;Level&nbsp;2&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc">&nbsp;&nbsp;&nbsp;&nbsp;Level&nbsp;3&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc">&nbsp;&nbsp;&nbsp;&nbsp;Level&nbsp;1&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc">&nbsp;&nbsp;&nbsp;&nbsp;Level&nbsp;3&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc">&nbsp;&nbsp;&nbsp;&nbsp;Level&nbsp;1&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc">Level&nbsp;2&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>ASSETS</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial assets held for trading</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">192</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Available-for-sale financial assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">56</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">259</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>58</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>451</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>15</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>LIABILITIES-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial liabilities held for trading</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amount of financial instruments that were transferred between levels of valuation for the year ended
December&nbsp;31, 2016 is not material relative to the total portfolios, basically corresponding to the above revisions of the classification between levels because these financial instruments had modified some of its features. Specifically: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 transfers between Level 1 and 2 represents debt securities, which are either no longer listed on an active market
(transfer from Level 1 to 2) or are just starting to be listed (transfer from Level 2 to 1). </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 transfers from Level 2 to Level 3 are due mainly to equity instruments and debt securities for which observable
inputs are not available. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#009ee5">Sensitivity Analysis </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Sensitivity analysis is performed on financial instruments with significant unobservable inputs (financial instruments included in level 3), in order to
obtain a reasonable range of possible alternative valuations. This analysis is carried out on a monthly basis, based on the criteria defined by the Global Valuation Area taking into account the nature of the methods used for the assessment and the
reliability and availability of inputs and proxies used. In order to establish, with a sufficient degree of certainty, the valuating risk that is incurred in such assets without applying diversification criteria between them. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, the effect on profit for the period and total equity of changing the main unobservable inputs used for the measurement of
Level 3 financial instruments for other reasonably possible unobservable inputs, taking the highest (most favorable input) or lowest (least favorable input) value of the range deemed probable, would be as follows: </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:ARIAL; font-size:7.5pt" ALIGN="center">


<TR>
<TD WIDTH="56%"></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" BGCOLOR="#009ee5"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Potential&nbsp;Impact&nbsp;on&nbsp;Consolidated&nbsp;Income&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Statement</B></FONT></P> <P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Potential&nbsp;Impact&nbsp;on&nbsp;Total&nbsp;Equity&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Financial Assets Level 3</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:7pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Sensitivity Analysis</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-TOP:1px solid #ffffff">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Most&nbsp;Favorable&nbsp;&nbsp;&nbsp;&nbsp;&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:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Hypothesis&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-TOP:1px solid #ffffff">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Least&nbsp;Favorable&nbsp;&nbsp;&nbsp;&nbsp;&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:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Hypothesis&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-TOP:1px solid #ffffff">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Most&nbsp;Favorable&nbsp;&nbsp;&nbsp;&nbsp;&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:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Hypothesis&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-TOP:1px solid #ffffff">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Least&nbsp;Favorable&nbsp;&nbsp;&nbsp;&nbsp;&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:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Hypothesis&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>ASSETS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial assets held for trading</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(30)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(8)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(14)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Derivatives</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(8)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Available-for-sale financial assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>LIABILITIES-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial liabilities held for trading</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>17</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(30)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(3)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#009ee5">8.1.2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value of financial instruments carried at cost </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The valuation technique used to calculate the fair value of financial assets and liabilities carried at cost are presented below: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 &#147;Cash and cash balances at central banks and other demand deposits&#148; approximates their book
value, as it is mainly short-term balances. </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">F-96 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 the &#147;Loans and receivables&#148;, &#147;Held-to-maturity investments&#148; and &#147;financial
liabilities at amortized cost&#148; was estimated using the method of discounted expected future cash flows using market interest rates at the end of each year. Additionally, factors such as prepayment rates and correlations of default are taken
into account. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The following table presents the fair value of key financial instruments carried at amortized cost in the
accompanying consolidated balance sheets, broken down according to the method of valuation used for the estimation: </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:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="50"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ROWSPAN="2"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Fair&nbsp;Value&nbsp;of&nbsp;financial&nbsp;Instruments&nbsp;at</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>amortized cost by Levels</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="14" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="14" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="14" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Level&nbsp;1&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Level&nbsp;2&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Level&nbsp;3&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Total&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Level&nbsp;1&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Level&nbsp;2&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Level&nbsp;3&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Total&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Level&nbsp;1&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Level&nbsp;2&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Level&nbsp;3&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #ffffff"><FONT COLOR="#fcfcfc"><B>Total&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>ASSETS-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Cash, cash balances at central banks and other demand deposits</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39,373</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">666</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,039</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,961</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">322</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29,282</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,719</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,719</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and receivables</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,991</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">457,853</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">468,844</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,681</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">472,858</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">480,539</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,046</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">374,063</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">377,108</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Held-to-maturity investments</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,567</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,619</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>LIABILITIES-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Financial liabilities at amortized cost</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">594,190</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">594,190</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">613,247</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">613,247</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">486,904</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">486,904</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The main valuation techniques and inputs used to estimate the fair value of financial instruments accounted for at cost
and classified in levels 2 and 3 is shown below. These are broken down by type of financial instrument and the balances correspond to those as of December&nbsp;31, 2016: </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:6.5pt" ALIGN="center">


<TR>
<TD WIDTH="37%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="21%"></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Financial Instruments</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Level 2</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair&nbsp;Value</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(Millions&nbsp;of</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>euros)</B></FONT></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Valuation technique(s)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Unobservable inputs</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="9"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;<B>&nbsp;&nbsp;Nivel 2</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-left:8pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Loans and receivables</B></FONT></P></TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt"></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL"><FONT
 COLOR="#094fa4"><B></B>&nbsp;</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1.00pt dotted #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"><FONT COLOR="#094fa4"><B>Present-value method</B><BR>(Discounted future cash flows)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="2" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-right:2pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Credit spread</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Interest rates</FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-left:8pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt securities</FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #bfbfbf" ALIGN="center"><FONT COLOR="#094fa4">10,991</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #b5e5f9; BORDER-BOTTOM:1px solid #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">&nbsp;&nbsp;<B>&nbsp;&nbsp;Nivel 3</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Loans and receivables</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="5" ALIGN="center" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1.00pt dotted #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"><FONT COLOR="#094fa4"><B>Present-value method</B><BR>(Discounted future cash flows)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="5" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-right:2pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Credit spread</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Prepayment rates</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Market interest rates</FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Central Banks</FONT></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-TOP:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px dotted #bfbfbf" ALIGN="center"><FONT COLOR="#094fa4">11,038</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px dotted #bfbfbf; BORDER-RIGHT:1px solid #b5e5f9"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="middle" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and advances to credit institutions</FONT></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31,855</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #b5e5f9"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="middle" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and advances to customers</FONT></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf" ALIGN="center"><FONT COLOR="#094fa4">414,742</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-left:8pt"><FONT COLOR="#094fa4">Debt securities</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #bfbfbf" ALIGN="center"><FONT COLOR="#094fa4">218</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #b5e5f9; BORDER-BOTTOM:1px solid #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:4pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-left:8pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Financial liabilities at amortized cost</B></FONT></P></TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt"></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL"><FONT
 COLOR="#094fa4"><B></B>&nbsp;</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="6" ALIGN="center" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1.00pt dotted #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf"><FONT COLOR="#094fa4"><B>Present-value method</B><BR>(Discounted future cash flows)</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ROWSPAN="6" STYLE="BORDER-TOP:1px solid #bfbfbf; BORDER-RIGHT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-right:2pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Credit spread</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Prepayment rates</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">- Market interest rates</FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Deposits from central banks</FONT></P> <P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf" ALIGN="center"><FONT COLOR="#094fa4">34,736</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Deposits from credit institutions</FONT></P> <P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf" ALIGN="center"><FONT COLOR="#094fa4">63,626</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Customer deposits</FONT></P> <P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf" ALIGN="center"><FONT COLOR="#094fa4">404,400</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px dotted #bfbfbf; padding-left:8pt"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt certificates</FONT></P> <P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px dotted #bfbfbf" ALIGN="center"><FONT COLOR="#094fa4">61,395</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #b5e5f9; BORDER-BOTTOM:1px dotted #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #bfbfbf; BORDER-BOTTOM:1px solid #bfbfbf; padding-left:8pt"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other financial liabilities</FONT></P> <P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #b5e5f9; BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #bfbfbf" ALIGN="center"><FONT COLOR="#094fa4">30,033</FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #b5e5f9; BORDER-BOTTOM:1px solid #bfbfbf"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #bfbfbf">&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#009ee5">Financial instruments at cost </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, 2015 and 2014 there were equity instruments and certain discretionary profit-sharing arrangements in some entities which
were recognized at cost in the Group&#146;s consolidated balance sheets because their fair value could not be reliably determined, as they were not traded in organized markets and reliable unobservable inputs are not available. On the above dates,
the balances of these financial instruments recognized in the portfolio of available-for-sale financial assets amounted to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>565&nbsp;million,
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>600&nbsp;million and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>540&nbsp;million, respectively. </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">F-97 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The table below outlines the financial instruments carried at cost that were sold in the six months period
ended December&nbsp;31, 2016, 2015 and 2014: </P> <P STYLE="font-size:12pt;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:9pt" ALIGN="center">


<TR>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Sales of Financial Instruments at Cost</B></FONT></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Amount of Sale (A)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">201</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">71</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Carrying Amount at Sale Date (B)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">58</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Gains/Losses (A-B)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>142</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>50</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">8.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Assets measured at fair value on a non-recurring basis </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As indicated in Note 2.2.4, non-current assets held for sale are measured at the lower of their fair value less costs to sell and its carrying amount.
As of December, 2016 nearly the entire book value of the non-current assets held for sale from foreclosures or recoveries approximate their fair value (see Note 20 and 21).The global valuation of the portfolio of assets has been carried out using a
statistical methodology based on real estate and local macroeconomic variables. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Valuation standards </FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The overall rating of the portfolio of assets has been carried out using a statistical methodology based on real estate and local macroeconomic
variables. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The details of each property which has been based each of the assessments are specified in the data sheet valuation of each asset. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Valuation Methodology </FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Overall
valuation of real estate assets portfolio </FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The overall valuation of the portfolio of real estate assets as of December&nbsp;31, 2016 was
performed from the latest appraisal values available. This value was corrected based on the following: </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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Analysis of the property sales performed during the year and comparison of the value to sell these properties to the
appraisal values obtained most recently. From this analysis derived a conclusion by type of property and location. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Individual valuation of a material sample of the entire portfolio considering type of properties. The results obtained
from these valuations have been compared with the adjusted values of the above analysis, obtaining a second conclusion by type and location. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT
 COLOR="#006ec1">Individual valuation of real estate assets sample </FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The basic methods used in the valuation were as follows: </P>
<P STYLE="font-size:10pt;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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Comparative Market Method: the property under study is compared with others of similar characteristics which have been
recently sold or are for sale on the market, making a comparative analysis, making adjustments due to factors that can cause differences, such as location, size, dimensions, shape, topography, access, urban classification, type of construction, age,
storage, distribution, function, or design. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Dynamic Residual Method (DRM): this is considered the most accurate method to conduct an appraisal of the poorly
developed or undeveloped land, where there is minimal planning (use and a gross floor area) or a more defined development planning, since in these cases the market is often not very transparent. It starts from the consideration that the development
and sale of finished real estate product is conceived from the beginning as a business project, as such it involves a risk, taking place in a time frame in which an initial capital investment occurs generating income and expenses. As such business
project, the goal is to maximize profits and therefore the principle of highest and best use. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Yield Method (DCF): the value of assets is determined by the profits that they could generate in the future
(projections) discounted at an appropriate rate of discount. This is an overall assessment, reflecting the economic potential and profitability </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">F-98 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">To calculate the value, once the market conditions have been analyzed, the following factors are taken into
consideration: </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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Size, location, and type of property. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Current condition of the property market, sales price trends and rental competition in the real estate market or
industry risk, adjusted based on the statistical information of local real estate and macroeconomic variables. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 fullest and best use of the asset, which must be legally allowed, physically possible, economically viable, and
provide the maximum possible value, supported in economic terms. Analysis of the fullest and best use contemplates its current condition, whether free and available, based on the mentioned appraisals. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Market Value of the property, considering this as vacant and available for use, analyzing factors such as location,
size, physical characteristics, similar transactions and value adjustments proposed by the current economic conditions. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Valuation Criteria </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Real estate
properties have been appraised individually considering a hypothetical stand-alone sale and not as part of a real estate portfolio type of sale. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The portfolio of Non-current assets and disposal groups classified as held for sale by type of asset and inventories as of December&nbsp;31, 2016, 2015
and 2014 is provided below by hierarchy of fair value measurements: </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:ARIAL; font-size:7pt" ALIGN="center">


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<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="bottom" COLSPAN="34"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle" ROWSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Fair Value at Non-current assets and disposal</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>groups classified as held for sale and inventories</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT
 COLOR="#fcfcfc"><B>by levels</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="10"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</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">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="10"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</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">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="10"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff; BORDER-TOP:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-TOP:1.00pt solid #ffffff"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>Nivel&nbsp;2</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt solid #ffffff; BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff; BORDER-TOP:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.00pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>Nivel&nbsp;3</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt solid #ffffff; BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff; BORDER-TOP:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.00pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt solid #ffffff; BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff; BORDER-TOP:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.00pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>Nivel&nbsp;2</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt solid #ffffff; BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff; BORDER-TOP:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.00pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>Nivel&nbsp;3</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt solid #ffffff; BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff; BORDER-TOP:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.00pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt solid #ffffff; BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff; BORDER-TOP:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.00pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>Nivel&nbsp;2</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt solid #ffffff; BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff; BORDER-TOP:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.00pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>Nivel&nbsp;3</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt solid #ffffff; BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff; BORDER-TOP:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.00pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>Total&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt solid #ffffff; BORDER-RIGHT:1.00pt solid #ffffff; padding-right:2pt">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Non-current assets and disposal groups classified as held for sale</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">21&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Housing</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,059</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">301</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,360</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,192</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">98</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,291</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,045</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,054</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Offices, warehouses and other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">326</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">105</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">431</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">353</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">406</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">399</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">407</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Land</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">150</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">150</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">236</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">248</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">237</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">237</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TOTAL</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,385</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>556</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,941</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,557</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>388</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,945</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,444</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>255</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,699</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Inventories</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Housing</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">903</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">903</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,452</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,452</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,424</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,424</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Offices, warehouses and other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">620</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">620</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">647</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">647</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">628</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">628</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Land</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,591</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,591</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,056</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,056</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,169</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,169</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TOTAL</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,523</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,591</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,114</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,099</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,056</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,155</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,052</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,169</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,221</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Since the amount classified in Level 3 (<FONT STYLE="font-family:Times New Roman">&#128;</FONT>2,147 million) is not
significant compared to the total consolidated assets and that the inputs used in the valuation (DRM or DFC), are very diverse based on the type and geographic location (being the typical ones used in the valuation of real estate assets of this
type), they have not been disclosed. </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">F-99 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_15"></A>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="#094fa4">Cash, cash balances at centrals and banks and other demands deposits and Financial liabilities
measured at amortized cost </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under the headings &#147;Cash and cash balances at central banks
and other demands deposits&#148; and &#147;Financial liabilities at amortized cost &#150; Deposits from central banks&#148; in the accompanying consolidated balance sheets is 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="70%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Cash, cash balances at central banks and other</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>demand deposits</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Cash on hand</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,413</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,192</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,247</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Cash balances at central banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,671</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,445</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,755</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other demand deposits</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,955</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,646</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,717</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>40,039</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>29,282</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>27,719</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:6pt;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="65%"></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>
<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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Financial liabilities measured at amortised cost</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Deposits from Central Banks</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Deposits from Central Banks (*)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30,022</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,956</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,405</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Repurchase agreements</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">35&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,649</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,065</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,774</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Accrued interest until expiration</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">69</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">66</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>22&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>34,740</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>40,087</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>28,193</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; text-indent:7%; font-size:8pt; font-family:ARIAL" ALIGN="justify">* It is explained by participation in different TLTRO program (see Note 7.5). </P>
<P STYLE="font-size:36pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_16"></A>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="#094fa4">Financial assets and liabilities held for trading </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">10.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Breakdown of the balance </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under these headings in the accompanying consolidated balance sheets is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="88%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="8"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Financial Assets and Liabilities Held-for-Trading</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>ASSETS-</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Derivatives</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42,955</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,902</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44,229</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,166</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32,825</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33,883</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and advances</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">154</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">65</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">128</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,675</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,534</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,017</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Total Assets</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>74,950</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>78,326</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>83,258</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>LIABILITIES-</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Derivatives</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">43,118</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42,149</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">45,052</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Short positions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,556</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,053</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,747</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Total Liabilities</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>54,675</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>55,202</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>56,798</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-100 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">10.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Debt securities </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown by type of issuer of the balance under this heading in the accompanying consolidated balance sheets is as follows: </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:ARIAL; font-size:10.5pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Financial Assets Held-for-Trading</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Debt securities by issuer</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by Central Banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">544</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">214</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">193</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Spanish government bonds</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,840</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,419</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,332</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Foreign government bonds</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,781</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21,821</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21,688</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by Spanish financial institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">218</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">328</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">879</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by foreign financial institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,434</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,438</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,169</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,349</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,606</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,623</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>27,166</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>32,825</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>33,883</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">10.3</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Equity instruments </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The breakdown of the balance under this heading in the accompanying consolidated balance sheets is as follows: </P>
<P STYLE="font-size:8pt;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="73%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Financial Assets Held-for-Trading</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Equity instruments by Issuer</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Shares of Spanish companies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">781</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">804</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">865</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other sectors</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">956</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,234</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,677</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,737</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,038</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,541</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Shares of foreign companies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">220</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">255</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">107</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other sectors</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,718</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,241</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,368</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,938</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,497</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,476</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,675</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,534</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,017</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-101 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">10.4</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Derivatives </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The derivatives portfolio arises from the Group&#146;s need to manage the risks it is exposed to in the normal course of business and also to market
products amongst the Group&#146;s customers. As of December&nbsp;31, 2016, 2015 and 2014, trading derivatives were mainly contracted in over-the-counter (OTC) markets, with counterparties which are mainly foreign credit institutions, and related to
foreign-exchange, interest-rate and equity risk. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Below is a breakdown of the net positions by transaction type of the fair value and notional
amounts of derivatives recognized in the accompanying consolidated balance sheets, divided into organized and OTC markets: </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:ARIAL; font-size:11pt" ALIGN="center">


<TR>
<TD WIDTH="94%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Derivatives by type of risk / by product or</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>by type of&nbsp;market - December 2016</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assets&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liabilities&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notional&nbsp;amount&nbsp;-</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Interest rate</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>25,770</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>25,322</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,556,150</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,331</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,428</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">217,958</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,339</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21,792</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,296,183</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,311</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">100</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">102</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,698</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Equity</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,032</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,252</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>90,655</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">718</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,224</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44,837</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">109</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">91</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,312</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,205</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">937</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36,795</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,712</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Foreign exchange and gold</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,872</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>15,179</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>425,506</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">417</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">539</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,583</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,436</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,624</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">392,240</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">175</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,508</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Credit</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>261</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>338</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>19,399</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit default swap</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">246</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">230</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,788</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit spread option</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">150</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Total return swap</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">108</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,895</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,565</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Commodities</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>169</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,065</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>DERIVATIVES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>42,955</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>43,118</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,092,945</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>of which: OTC - credit institutions</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>26,438</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>28,005</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>806,096</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>of which: OTC - other financial corporations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>8,786</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>9,362</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>1,023,174</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>of which: OTC - other</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>6,404</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>4,694</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>175,473</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></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">F-102 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="62%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Derivatives by type of risk / by product or</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>by type of market - December 2015</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assets&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liabilities&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notional&nbsp;amount&nbsp;-</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Interest rate</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22,425</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>23,152</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,289,986</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,291</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,367</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">208,175</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,134</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,785</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,069,909</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,902</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Equity</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,223</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,142</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>108,108</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,673</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,119</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">65,951</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">112</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">106</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,535</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,437</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">918</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34,475</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,147</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Foreign exchange and gold</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,706</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>15,367</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>439,546</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">387</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">458</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41,706</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,305</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,894</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">395,327</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">109</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,404</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Credit</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>500</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>441</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>33,939</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit default swap</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">436</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">412</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30,283</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit spread option</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">300</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Total return swap</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,831</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">64</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,526</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Commodities</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>31</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>37</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>118</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>16</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>675</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>DERIVATIVES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>40,902</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>42,149</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,872,373</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>of which: OTC - credit institutions</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>23,385</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>28,343</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>974,604</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>of which: OTC - other financial corporations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>9,938</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>8,690</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>688,880</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>of which: OTC - other</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>6,122</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>4,177</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>156,828</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></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">F-103 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="62%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Derivatives by type of risk / by product or by</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>type of market - December 2014</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assets&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liabilities&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notional&nbsp;amount&nbsp;-</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Interest rate</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>29,504</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>28,770</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,160,445</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,919</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,301</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">214,621</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25,578</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24,283</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">936,281</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,470</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">162</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,073</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Equity</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,752</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,980</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>108,327</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,229</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,874</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">64,552</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">169</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,068</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,382</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,353</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,038</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38,185</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,209</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Foreign exchange and gold</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11,409</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11,773</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>360,573</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">243</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">372</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33,119</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,862</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,098</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">323,275</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">303</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">304</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,170</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Credit</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>548</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>504</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>45,066</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit default swap</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">545</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">335</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">43,406</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit spread option</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,650</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Total return swap</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">167</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Commodity</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>24</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>378</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>247</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>DERIVATIVES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>44,229</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>45,052</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,675,036</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>of which: OTC - credit institutions</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>29,041</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>32,807</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>931,198</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>of which: OTC - other financial corporations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>6,557</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>7,455</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>556,090</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>of which: OTC - other</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>6,966</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>3,261</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>133,631</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></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">F-104 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_17"></A>11.</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="#094fa4">Financial assets and liabilities designated at fair value through profit or loss
</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under these headings in the accompanying consolidated balance sheets is as follows: </P>
<P STYLE="font-size:12pt;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:9pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Financial assets and liabilities designated at
fair</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>value through profit or loss</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>ASSETS-</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,920</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,075</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,024</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Unit-linked products</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,749</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,960</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,930</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">171</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">115</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">94</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">142</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">173</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">737</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Unit-linked products</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">128</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">164</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">157</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">580</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and advances to credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Total Assets</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,062</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,311</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,761</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>LIABILITIES-</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other financial liabilities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,338</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,649</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,724</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Unit-linked products</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,338</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,649</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,724</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Total Liabilities</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,338</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,649</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,724</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, 2015 and 2014 the most significant balances within financial assets and liabilities
designated at fair value through profit or loss related to assets and liabilities linked to insurance products where the policyholder bears the risk (&#147;Unit-Link&#148;). This type of product is sold only in Spain, through BBVA Seguros SA,
insurance and reinsurance and in Mexico through Seguros Bancomer S.A. de CV. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Since the liabilities linked to insurance products in which the
policyholder assumes the risk are valued the same way as the assets associated to these insurance products, there is no credit risk component borne by the Group in relation to these liabilities. </P>
<P STYLE="font-size:18pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_18"></A>12.</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="#094fa4">Available-for-sale financial assets </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">12.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Available-for-sale financial assets - Balance details </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance by the main financial instruments in the accompanying consolidated balance sheets is as follows: </P>
<P STYLE="font-size:12pt;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:9pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Available-for-Sale Financial Assets</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt securities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">74,739</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">108,448</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">87,679</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Impairment losses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(159)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(139)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(70)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>74,580</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>108,310</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>87,608</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Equity instruments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,814</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,262</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,370</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Impairment losses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(174)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(146)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(103)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,641</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,116</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,267</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>79,221</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>113,426</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>94,875</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The amount of &#147;Available for sale financial assets - debt securities&#148; decreases in 2016, mainly due to: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#009ee5">&#149;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the reclassification of
certain debt securities to &#147;Loans and advances &#150; debt securities&#148;, corresponding mostly to Government Bonds amounting to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>862&nbsp;million (see Note 13). </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">F-105 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#009ee5">&#149;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the reclassification of
certain debt securities to &#147;Held to maturity investments&#148; amounting to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>17,650&nbsp;million, of which <FONT STYLE="font-family:Times New Roman">&#128;</FONT>15,835&nbsp;million
correspond to Government Bonds, <FONT STYLE="font-family:Times New Roman">&#128;</FONT>1,545&nbsp;million correspond to Credit Entities issues and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>270&nbsp;million correspond to other sectors
(see Note 14). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#009ee5">&#149;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and,
the remainder corresponding mostly to portfolio sales.</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">12.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Debt securities </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under the heading &#147;Debt securities&#148; of the accompanying financial statements, broken down by the nature of the
financial instruments, is as follows: </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:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></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>
<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="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Available-for-sale financial assets</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Debt Securities</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Amortized&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Cost
(*)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Unrealized&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gains&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Unrealized&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Losses&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Book&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Value&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Domestic Debt Securities</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Spanish Government and other general governments agencies debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,427</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">711</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(18)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,119</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,305</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">117</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,421</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by Central Banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">986</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">82</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,067</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by other issuers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,319</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,354</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>24,731</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>828</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(19)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>25,540</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Foreign Debt Securities</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Mexico</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11,525</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>19</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(343)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11,200</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexican Government and other general governments agencies debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,728</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(301)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,438</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,797</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(42)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,763</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by Central Banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">86</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">87</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by other issuers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,710</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(41)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,675</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>The United States</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,256</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>48</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(261)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,043</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Government securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,460</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(131)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,337</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">US Treasury and other US Government agencies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,702</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(19)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,683</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">States and political subdivisions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,758</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(112)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,654</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,797</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(130)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,706</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by Central Banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">95</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">97</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by other issuers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,702</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">37</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(130)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,609</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Turkey</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,550</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>73</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(180)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,443</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey Government and other general governments agencies debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,055</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">70</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(164)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,961</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">495</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(16)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">482</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by Central Banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">448</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(15)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">436</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by other issuers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Other countries</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>17,923</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>634</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(203)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>18,354</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other foreign governments and other general governments agencies debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,882</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">373</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(98)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,156</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,041</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">261</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(105)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,197</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by Central Banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,657</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,659</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,269</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">96</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(54)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,311</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by other issuers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,115</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">161</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(49)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,227</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>49,253</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>773</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(987)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>49,040</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>73,985</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,601</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,006)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>74,580</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="3%">&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 amortized cost includes portfolio gains/losses linked to insurance contracts in which the policyholder assumes the
risk in case of redemption. </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">F-106 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="63%"></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>
<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="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Available-for-sale financial assets</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Debt Securities</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Amortized&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Cost
(*)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Unrealized&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gains&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Unrealized&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Losses&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Book&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Value&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Domestic Debt Securities</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Spanish Government and other general governments agencies debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38,763</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,078</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(41)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,799</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,737</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">144</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(11)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,869</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by Central Banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,702</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">94</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,795</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by other issuers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,035</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(11)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,074</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>43,500</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,221</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(53)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>45,668</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Foreign Debt Securities</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Mexico</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12,627</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>73</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(235)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12,465</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexican Government and other general governments agencies debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,284</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">70</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(160)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,193</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,343</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(75)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,272</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by Central Banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">260</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(7)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">254</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by other issuers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,084</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(68)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,019</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>The United States</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13,890</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>63</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(236)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13,717</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Government securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,817</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(41)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,789</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">US Treasury and other US Government agencies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,188</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(15)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,177</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">States and political subdivisions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,629</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(26)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,612</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,073</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(195)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,927</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by Central Banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">71</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">75</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by other issuers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,002</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">45</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(194)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,852</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Turkey</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13,414</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>116</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(265)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13,265</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey Government and other general governments agencies debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,801</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">111</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(231)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,682</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,613</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(34)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,584</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by Central Banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,452</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(30)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,425</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by other issuers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">162</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">159</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Other countries</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22,803</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>881</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(490)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>23,194</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other foreign governments and other general government agencies debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,778</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">653</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(76)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,356</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,025</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">227</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(414)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,838</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by Central Banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,277</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,273</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,468</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">108</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(88)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,488</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by other issuers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,280</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">119</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(322)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,077</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>62,734</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,132</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,226)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>62,641</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>106,234</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,354</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,278)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>108,310</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="3%">&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 amortized cost includes portfolio gains/losses linked to insurance contracts in which the policyholder assumes the
risk in case of redemption. </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">F-107 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="63%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Available-for-sale financial assets</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Debt Securities</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2014</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Amortized&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Cost
(*)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Unrealized&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gains&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Unrealized&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Losses&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Book&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Value&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Domestic Debt Securities</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Spanish Government and other general governments agencies debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34,445</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,290</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(55)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36,680</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,892</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">252</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(22)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,122</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by Central Banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,567</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">162</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(13)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,716</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by other issuers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,325</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">90</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(9)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,406</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>40,337</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,542</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(77)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>42,802</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Foreign Debt Securities</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Mexico</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12,662</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>493</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(96)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13,060</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexican Government and other general governments agencies debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,629</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">459</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(76)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,012</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,034</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(20)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,048</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by Central Banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">141</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">142</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by other issuers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,892</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(17)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,906</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>The United States</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10,289</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>102</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(83)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10,307</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Government securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,211</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(8)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,231</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">US Treasury and other US Government agencies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,539</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,542</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">States and political subdivisions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,672</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,689</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,078</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">73</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(76)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,076</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by Central Banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by other issuers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,054</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">73</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(76)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,052</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Other countries</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>20,705</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,044</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(310)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>21,439</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other foreign governments and other general governments agencies debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,355</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">715</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(104)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,966</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,350</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">329</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(206)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,473</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by Central Banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,540</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(9)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,540</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,352</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">175</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(55)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,471</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by other issuers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,459</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">143</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(141)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,461</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>43,657</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,639</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(490)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>44,806</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>83,994</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,181</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(566)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>87,608</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="3%">&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 amortized cost includes portfolio gains/losses linked to insurance contracts in which the policyholder assumes the
risk in case of redemption. </P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The credit ratings of the issuers of debt securities in the available-for-sale portfolio as of
December&nbsp;31, 2016, 2015 and 2014 are as follows: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="88%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>December 2014</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Available for Sale financial assets</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Debt Securities by Rating</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair Value&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(Millions&nbsp;of&nbsp;Euros)&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>%</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair Value&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(Millions&nbsp;of&nbsp;Euros)&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>%</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair Value&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(Millions&nbsp;of&nbsp;Euros)&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>%</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">AAA</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,922</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.6%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,842</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.7%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,459</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.7%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">AA+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,172</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15.0%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,372</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9.6%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,620</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8.7%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">AA</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">594</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.8%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">990</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.9%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">329</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.4%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">AA-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">575</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.8%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">938</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.9%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,059</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.2%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">A+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,230</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.6%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,686</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.6%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">597</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.7%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">A</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,442</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10.0%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">994</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.9%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,223</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.5%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">A-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,719</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.3%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,826</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4.5%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,606</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15.5%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BBB+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29,569</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39.6%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">51,885</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47.9%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,980</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11.4%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BBB</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,233</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4.3%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,728</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21.9%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41,283</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47.1%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BBB-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,809</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9.1%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,621</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5.2%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,568</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.9%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BB+ or below</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,055</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.8%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,639</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.4%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,942</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4.5%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Without rating</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,261</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7.1%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,789</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.6%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,942</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3.4%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>74,580</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>100%</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>108,310</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>100.0%</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>87,608</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>100.0%</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-108 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">12.3</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Equity instruments </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under the heading &#147;Equity instruments&#148; of the accompanying financial statements as of December&nbsp;31, 2016,
2015 and 2014 is as follows: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Available-for-sale financial assets<BR></B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Equity Instruments<BR></B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Amortized<BR></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Cost</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Unrealized<BR></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gains</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Unrealized<BR></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Losses</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair<BR></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Value</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Equity instruments listed</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Listed Spanish company shares</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,690</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(944</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,763</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other entities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,690</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(944</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,763</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Listed foreign company shares</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">793</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">289</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(15</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,066</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other countries</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">763</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">234</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(15</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">981</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,483</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>306</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(960</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,829</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Unlisted equity instruments</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Unlisted Spanish company shares</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">57</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">59</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other entities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">55</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Unlisted foreign companies shares</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">708</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">752</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">537</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">550</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other countries</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">152</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">178</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>766</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>48</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(3</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>811</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,248</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>355</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(962</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,641</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-109 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Available-for-sale financial assets<BR></B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Equity Instruments<BR></B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Amortized</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Cost</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Unrealized<BR></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gains</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Unrealized<BR></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Losses</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair<BR></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Value</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Equity instruments listed</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Listed Spanish company shares</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,402</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(558</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,862</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other entities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,402</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(558</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,862</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Listed foreign company shares</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,027</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">392</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(44</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,375</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other countries</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">972</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">325</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(29</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,267</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,430</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>409</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(602</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,236</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Unlisted equity instruments</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Unlisted Spanish company shares</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">74</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">78</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other entities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">69</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">72</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Unlisted foreign companies shares</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">701</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">108</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">802</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">549</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">554</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other countries</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">130</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">91</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">220</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>775</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>113</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(8</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>880</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,204</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>522</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(610</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,116</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:6pt;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:9pt" ALIGN="center">


<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Available-for-sale financial assets<BR></B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Equity Instruments<BR></B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2014</B></FONT></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Amortized</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Cost</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Unrealized<BR></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gains</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Unrealized<BR></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Losses</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair<BR></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Value</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Equity instruments listed</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Listed Spanish company shares</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,129</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">92</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(71</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,150</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other entities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,126</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">92</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(71</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,147</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Listed foreign company shares</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,227</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,235</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(34</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,428</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">56</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">49</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other countries</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,118</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,233</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(28</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,323</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,356</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,327</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(105</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,578</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Unlisted equity instruments</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Unlisted Spanish company shares</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">48</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">49</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other entities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">48</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">49</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Unlisted foreign companies shares</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">616</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">641</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">486</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">502</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other countries</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">129</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">138</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>664</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>29</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(3</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>690</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,020</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,356</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(108</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,267</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-110 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">12.4</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Gains/losses </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The changes in the gains/losses, net of taxes, recognized under the equity heading &#147;Accumulated other comprehensive income &#150; Items that may be
reclassified to profit or loss- Available-for-sale financial assets&#148; in the accompanying consolidated balance sheets are as follows: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Accumulated other comprehensive income-Items that may be reclassified</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>to profit or loss-</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Available-for-Sale Financial Assets</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2016&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2015&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2014&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,674</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,816</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>851</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Valuation gains and losses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">400</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,222</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,777</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Income tax</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(62</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">924</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,414</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Amounts transferred to income</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,181</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,844</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,398</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other reclassifications</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">116</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>947</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,674</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,816</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Of which:</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,629</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,769</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,965</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(682</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(95</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">851</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">During 2016, the losses recognized mainly for certain Debt securities from Brazil, United States and Colombia in the
heading &#147;Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss- Available- for-sale financial assets&#148; in the accompanying consolidated income statement amounted to <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>157&nbsp;million (Note 47). In 2015 and 2014 the losses recognized were not significant (<FONT STYLE="font-family:Times New Roman">&#128;</FONT>1 and
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>19&nbsp;million respectively). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">For the rest of debt securities, the 92.2% of the unrealized
losses recognized under the heading &#147;Accumulated other comprehensive income - Items that may be reclassified to profit or loss &#150; Available-for-sale financial assets&#148; and originating in debt securities were generated over more than
twelve months. However, no impairment was recognized, as following an analysis of these unrealized losses we concluded that they were temporary due to the following reasons: the interest payment dates of all the fixed-income securities have been
satisfied; and because there is no evidence that the issuer will not continue to meet its payment obligations, nor that future payments of both principal and interest will not be sufficient to recover the cost of the debt securities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The losses recognized, for equity instruments Available-for-Sale, under the heading &#147;Impairment or reversal of impairment on financial assets not
measured at fair value through profit or loss - Available- for-sale financial assets&#148; in the accompanying consolidated income statement amounted to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>46, <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>23 and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>17&nbsp;million in 2016, 2015 and 2014 respectively (see Note 47). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, the Group has analyzed the unrealized losses recognized under the heading &#147;Accumulated other comprehensive income -
Items that may be reclassified to profit or loss&#150; Available-for-sale financial assets&#148; resulting from equity instruments generated over a period of more than 12 months and with a fall of more 20% in their price, as a first approximation to
the existence of possible impairment. As of 31&nbsp;December, 2016, the unrealized losses recognized under the heading &#147;Accumulated other comprehensive income - Items that may be reclassified to profit or loss&#150; Available-for-sale financial
assets&#148; resulting from equity instruments generated over a period of more than 18 months or with a fall of more 40% in their price are not significant in the accompanying 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">F-111 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_19"></A>13.</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="#094fa4">Loans and receivables </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under this heading in the accompanying consolidated balance sheets, according to the nature of the financial instrument, is
as follows: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Loans and Receivables</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt securities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">13.3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,209</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,516</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,659</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to central banks</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">13.1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,894</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,830</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,429</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">13.1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31,373</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29,317</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25,342</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to customers</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">13.2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">414,500</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">414,165</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">338,657</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465,977</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;471,828</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;376,086</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">13.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Loans and advances to central banks and credit institutions </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under this heading in the accompanying consolidated balance sheets, according to their nature, is as follows: </P>
<P STYLE="font-size:12pt;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:9pt" ALIGN="center">


<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Loans and Advances to Central Banks and Credit</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Institutions</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to central banks</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,872</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,821</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,428</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31,364</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29,301</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25,257</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Deposits with agreed maturity</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,063</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,732</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,679</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other accounts</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,739</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,820</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,138</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Reverse repurchase agreements</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">35</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,561</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,749</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,440</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total gross</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>7.3.1</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>40,235</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>47,122</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>30,686</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Valuation adjustments and other</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">85</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Impairment losses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">7.3.4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(43</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(51</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(29</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Derivatives &#150; Hedge accounting and others</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Accrued interests and fees</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">75</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">75</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">114</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total net</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;40,267</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;47,147</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;30,771</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-112 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">13.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Loans and advances to customers </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under this heading in the accompanying consolidated balance sheets, according to their nature, is as follows: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Loans and Advances to Customers</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Mortgage secured loans</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">142,269</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">144,203</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">124,097</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Operating assets mortgage loans</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,376</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,813</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,062</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Home mortgages</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">122,758</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">120,164</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">109,031</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of mortgages</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,135</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,226</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,005</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other loans secured with security interest</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">59,898</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">57,041</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,419</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Cash guarantees</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,253</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">479</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">468</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Secured loan (pledged securities)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">709</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">734</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">518</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of secured loans (*)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">57,936</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">55,828</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,433</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Unsecured loans</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">134,275</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">137,322</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">119,002</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Credit lines</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,268</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,758</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,851</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Commercial credit</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,877</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,434</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,015</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Receivable on demand and other</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,858</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,226</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,021</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Credit cards</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,238</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,360</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,756</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Finance leases</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,144</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,032</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,095</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Reverse repurchase agreements</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">35</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,279</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,036</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,990</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Financial paper</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,020</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,063</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">873</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Impaired assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">7.3.4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,915</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25,333</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,703</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total gross</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>7.3.1</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>428,041</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>430,808</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>350,822</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Valuation adjustments and other</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(13,541</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(16,643</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(12,166</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Impairment losses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">&nbsp;&nbsp;7.3.4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(15,974</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(18,691</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(14,244</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Derivatives &#150; Hedge accounting and others</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,222</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,199</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,215</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Accrued interests and fees</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,211</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">849</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">863</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total net</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;414,500</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;414,165</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;338,657</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="3%">&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">Includes loans with cash collateral, other financial assets with partial real estate and cash collateral.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December, 2016, 34% of &#147;Loans and advances to customers&#148; with maturity greater than one year have fixed-interest
rates and 66% have variable interest rates. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The heading &#147;Loans and receivables &#150; Loans and advances to customers&#148; includes financial
leases that several Group entities execute with customers to fund acquisitions of goods, both properties and fixtures. The breakdown of financial lease agreements as of December&nbsp;31, 2016, 2015 and 2014 was the following: </P>
<P STYLE="font-size:12pt;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:9pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Financial Lease Arrangements</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Movable property</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,265</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,181</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,413</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Real Estate</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,878</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,851</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,682</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Fixed rate</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">80%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">74%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">73%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Floating rate</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&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">F-113 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; 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, as mentioned in Appendix VIII and 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 corresponding to these securitized loans are as follows: </P> <P STYLE="font-size:12pt;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:9pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Securitized Loans</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Securitized mortgage assets</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>29,512</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>28,955</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>25,099</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other securitized assets</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,731</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,666</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,225</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Commercial and industrial loans</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">762</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">751</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">735</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Finance leases</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">100</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">154</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">219</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans to individuals</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,269</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,067</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,213</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">601</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">694</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">58</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,243</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32,621</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27,324</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><I>Of which:</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Liabilities associated to assets retained on the balance sheet (*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,525</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,619</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,215</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</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 style = "page-break-inside:avoid">
<TD WIDTH="10%">&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">These liabilities are recognized under &#147;Financial liabilities at amortized cost - Debt securities&#148; in the
accompanying consolidated balance sheets (Note 22.3). </P></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:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">13.3</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Debt securities </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under this heading in the accompanying consolidated balance sheets, according to the issuer of the debt security, is as
follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="82%" 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></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT STYLE="font-size:9pt" COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Debt securities</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Government</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,709</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,275</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,608</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">37</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">125</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">81</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other sectors (*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,481</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,126</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">975</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total gross</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7.3.1</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,226</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,526</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,663</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Impairment losses</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(17)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(10)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total net</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11,209</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10,516</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,659</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In 2016, some debt securities were reclassified from &#147;Available-for-sale financial assets&#148; to &#147;Loans and
receivables-Debt securities&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The following table shows the fair value and carrying amounts of these reclassified financial assets: </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:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="58%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>As&nbsp;of&nbsp;Reclassification&nbsp;date</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>As&nbsp;of&nbsp;December&nbsp;31,&nbsp;2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Debt Securities reclassified to &#147;Loans and</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>receivables&#148; from &#147;Available-for-sale financial</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>assets&#148;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Carrying&nbsp;Amount</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair&nbsp;Value</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Carrying&nbsp;Amount</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair&nbsp;Value</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BBVA S.A.</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">862</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">862</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">844</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">863</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;862</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;862</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;844</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;863</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-114 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The following table presents the amount recognized in 2016 income statement from the valuation at amortized
cost of the reclassified financial assets, as well as the impact recognized on the income statement and under the heading &#147;Total Equity - Accumulated other comprehensive income&#148;, as of December&nbsp;31, 2016, if the reclassification was
not performed. </P> <P STYLE="font-size:12pt;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="62%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<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;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Recognized&nbsp;in</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Effect of not Reclassifying</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Effect on Income Statement and Other</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Comprehensive Income</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Income</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Statement</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Income&nbsp;Statement</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Equity</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&#147;Valuation</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Adjustments&#148;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BBVA S.A.</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
</TABLE> <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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_20"></A>14.</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="#094fa4">Held-to-maturity investments </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under this heading in the accompanying consolidated balance sheets, according to the according to the issuer of the
financial instrument, is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="70%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="85%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="13%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions&nbsp;of&nbsp;Euros</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Held-to-maturity investments</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Debt Securities</B></FONT></P>
<P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Domestic Debt Securities</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Spanish Government and other general governments agencies debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,063</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">562</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by Central Banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">494</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by other issuers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">68</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,625</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Foreign Debt Securities</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Mexico</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>The United States</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Turkey</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,184</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey Government and other general governments agencies debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,263</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">921</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by Central Banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">876</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by other issuers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">45</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Other countries</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,887</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other foreign governments and other general governments agencies debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,719</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">168</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by Central Banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">146</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued by other issuers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,071</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>17,696</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="14%">&nbsp;</TD>
<TD WIDTH="3%" 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">As of December, 2015 and 2014 the Group BBVA has not registered any balances in this heading. </P></TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In 2016, some debt securities were reclassified from &#147;Available-for-sale financial assets&#148; to &#147;Held-to-maturity investments&#148;
amounting to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>17,650 million. This reclassification has been carried out once past the two-year </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">F-115 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">
penalty established in IAS-39 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:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, the credit ratings of the issuers of debt
securities classified as held-to-maturity investments were as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="70%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="77%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Held to maturity investments</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Debt Securities by Rating</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Book&nbsp;value<BR>(Millions&nbsp;of&nbsp;Euros)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>%</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">AAA</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">AA+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">AA</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">43</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.2%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">AA-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">134</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.8%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">A+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">A</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">A-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BBB+</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,472</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">59.2%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BBB</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">591</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3.3%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BBB-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,187</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29.3%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BB+ or below</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Without rating</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,270</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7.2%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>17,696</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>100%</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The following table shows the fair value and carrying amounts of these reclassified financial assets: </P>
<P STYLE="font-size:12pt;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:8pt" ALIGN="center">


<TR>
<TD WIDTH="58%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>As&nbsp;of&nbsp;Reclassification&nbsp;date</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>As&nbsp;of&nbsp;December&nbsp;31,&nbsp;2016</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Debt Securities reclassified to &#147;Held to
Maturity</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Investments&#148;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Carrying&nbsp;Amount&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair&nbsp;Value&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Carrying&nbsp;Amount&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair&nbsp;Value&nbsp;&nbsp;</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BBVA S.A.</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,162</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,162</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,589</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,635</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">TURKIYE GARANTI BANKASI A.S</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,488</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,488</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,230</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,083</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>17,650</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>17,650</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>15,819</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>15,718</B></FONT></TD></TR>
</TABLE> <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 style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" 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:10pt">The decrease in book value is mainly due to amortizations since the date of reclassification. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; 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 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 - Available for sale financial assets&#148; is amortized to profit or loss over the remaining life of the
held-to-maturity 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&#146;s strategy regarding the management of these securities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The following table presents the amount recognized in the 2016 income statement from the valuation at amortized cost of the reclassified financial
assets, as well as the impact recognized on the income statement and under the heading &#147;Total Equity - Accumulated other comprehensive income&#148;, as of December&nbsp;31, 2016, if the reclassification was not performed. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="82%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="55%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="15%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Recognized&nbsp;in&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Effect of not Reclassifying</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Effect on Income Statement and</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Other Comprehensive Income</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Income&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Statement&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Income&nbsp;Statement&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Equity&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&#147;Accumulated&nbsp;other&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>comprehensive&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>income&#148;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BBVA S.A.</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">230&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">230&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(86)&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">TURKIYE GARANTI BANKASI A.S</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">326&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">326&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(225)&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>557&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>557&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(311)&nbsp;&nbsp;&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">F-116 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_21"></A>15.</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="#094fa4">Hedging derivatives and fair value changes of the hedged items in portfolio hedge of interest rate
risk </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The balance of these headings in the accompanying consolidated balance sheets is as follows: </P>
<P STYLE="font-size:12pt;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:9pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Derivatives &#150; Hedge accounting and fair value</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>changes of the hedged items in portfolio hedge of</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>interest rate risk</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>ASSETS-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Hedging Derivatives</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,833</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,538</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,551</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Fair value changes of the hedged items in portfolio hedges of interest rate risk</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">45</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">121</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>LIABILITIES-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Hedging Derivatives</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,347</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,726</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,331</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Fair value changes of the hedged items in portfolio hedges of interest rate risk</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">358</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December 2016, 2015 and 2014, the main positions hedged by the Group and the derivatives designated to hedge those
positions were: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Fair value hedging: </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Available-for-sale fixed-interest debt securities and loans and receivables: The interest rate risk of these securities
is hedged using interest rate derivatives (fixed-variable swaps) and forward sales<B>.</B> </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Long-term fixed-interest debt securities issued by the Bank: the interest rate risk of these securities is hedged using
interest rate derivatives (fixed-variable swaps). </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Fixed-interest loans: The equity price risk of these instruments is hedged using interest rate derivatives
(fixed-variable swaps). </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Fixed-interest and/or embedded derivative deposit portfolio hedges: it covers the interest rate risk through
fixed-variable swaps. The valuation of the loan deposits corresponding to the interest rate risk is in the heading &#147;Fair value changes of the hedged items in portfolio hedges of interest rate risk&#148;. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Cash-flow hedges: Most of the hedged items are floating interest-rate loans and asset hedges linked to the inflation of
the available for sale portfolio. This risk is hedged using foreign-exchange, interest-rate swaps, inflation and FRA&#146;s (&#147;Forward Rate Agreement&#148;). </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Net foreign-currency investment hedges: These hedged risks are foreign-currency investments in the Group&#146;s foreign
subsidiaries. This risk is hedged mainly with foreign-exchange options and forward currency sales and purchases. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Note 7 analyze
the Group&#146;s main risks that are hedged using these derivatives. </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">F-117 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The details of the net positions by hedged risk of the fair value of the hedging derivatives recognized in
the accompanying consolidated balance sheets are as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="90%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Hedging Derivatives</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Breakdown by type of risk and type of hedge</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Liabilities&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notional&nbsp;amount&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>-
Total&nbsp;hedging&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Interest rate</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,154</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>974</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>68,293</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">125</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">118</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,495</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,029</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">856</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">66,798</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Equity</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>50</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>731</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">731</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Foreign exchange and gold</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>817</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>553</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,883</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">817</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">553</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,883</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Credit</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Commodities</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>FAIR VALUE HEDGES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,970</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,577</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>71,908</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Interest rate</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>194</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>358</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>26,798</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">186</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">358</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26,504</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">294</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Equity</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Foreign exchange and gold</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>248</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>118</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,089</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">89</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">70</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,331</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">160</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">48</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,758</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Credit</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Commodities</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>CASH FLOW HEDGES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>442</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>476</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>33,887</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>HEDGE OF NET INVESTMENTS IN A FOREIGN OPERATION</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>362</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>79</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>PORTFOLIO FAIR VALUE HEDGES OF INTEREST RATE RISK</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>55</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>214</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13,133</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>PORTFOLIO CASH FLOW HEDGES OF INTEREST RATE RISK</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>284</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>DERIVATIVES-HEDGE ACCOUNTING</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,833</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,347</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>119,212</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>of which: OTC - credit institutions</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,381</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,103</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42,343</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>of which: OTC - other financial corporations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">435</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">165</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67,773</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>of which: OTC - other</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">79</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,803</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&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">F-118 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Hedging Derivatives</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Breakdown by type of risk and type of hedge</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Liabilities&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notional&nbsp;amount&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>-
Total&nbsp;hedging&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Interest rate</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,660</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>875</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>55,767</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">187</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">128</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,390</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,473</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">747</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54,377</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Equity</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>74</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,500</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">72</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">791</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,709</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Foreign exchange and gold</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>675</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>389</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,335</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">675</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">388</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,334</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Credit</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Commodities</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>FAIR VALUE HEDGES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,347</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,337</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>61,602</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Interest rate</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>204</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>319</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13,593</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">204</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">318</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,329</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">264</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Equity</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Foreign exchange and gold</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>242</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>34</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,382</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,493</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">200</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">889</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Credit</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Commodities</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>CASH FLOW HEDGES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>446</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>353</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>15,974</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>HEDGE OF NET INVESTMENTS IN A FOREIGN OPERATION</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>47</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>304</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>PORTFOLIO FAIR VALUE HEDGES OF INTEREST RATE RISK</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>697</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>732</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>17,919</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>PORTFOLIO CASH FLOW HEDGES OF INTEREST RATE RISK</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>DERIVATIVES-HEDGE ACCOUNTING</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,538</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,726</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>100,858</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>of which: OTC - credit institutions</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,413</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,366</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">49,776</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>of which: OTC - other financial corporations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">95</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">256</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47,881</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>of which: OTC - other</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">103</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,936</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&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">F-119 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TR>
<TD WIDTH="63%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Hedging Derivatives</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Breakdown by type of risk and type of hedge-</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2014</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Liabilities&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B><FONT STYLE="white-space:nowrap">Notional&nbsp;amount&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total&nbsp;hedging&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Interest rate</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,174</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>990</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>56,125</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,174</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">990</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">56,123</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Equity</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>101</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>578</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">89</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">578</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Foreign exchange and gold</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,741</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,741</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Credit</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>20</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Commodity</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>61</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>115</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>FAIR VALUE HEDGES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,188</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,164</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>59,578</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Interest rate</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>265</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>272</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,014</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">262</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">265</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,777</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">238</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Equity</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Foreign exchange and gold</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>36</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>27</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,070</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,064</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">OTC other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,006</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market options</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Organized market other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Credit</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Commodity</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>CASH FLOW HEDGES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>301</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>299</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,085</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>HEDGE OF NET INVESTMENTS IN A FOREIGN OPERATION</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>502</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>PORTFOLIO FAIR VALUE HEDGES OF INTEREST RATE RISK</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>62</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>366</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10,783</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>PORTFOLIO CASH FLOW HEDGES OF INTEREST RATE RISK</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>DERIVATIVES-HEDGE ACCOUNTING</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,551</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,331</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>82,606</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>of which: OTC - credit institutions</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,305</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,954</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42,724</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>of which: OTC - other financial corporations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">236</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">280</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39,169</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>of which: OTC - other</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">97</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">476</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&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">F-120 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The cash flows forecasts for the coming years for cash flow hedging recognized on the accompanying
consolidated balance sheet as of December&nbsp;31, 2016 are: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="52%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></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="4%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="9" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Cash Flows of Hedging Instruments</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>3&nbsp;Months&nbsp;or&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Less</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>From&nbsp;3&nbsp;Months&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>to&nbsp;1&nbsp;Year</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>From&nbsp;1&nbsp;to&nbsp;5&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Years</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>More&nbsp;than&nbsp;5&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Years</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Receivable cash inflows</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">548</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,103</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,794</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,857</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,302</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Payable cash outflows</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">526</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">815</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,795</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,009</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,146</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The above cash flows will have an impact on the Group&#146;s consolidated income statements until 2054. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the years ended December&nbsp;31, 2016, 2015 and 2014 there was no reclassification in the accompanying consolidated income statements of any amount
corresponding to cash flow hedges that was previously recognized in equity. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amount for derivatives designated as accounting hedges that did not
pass the effectiveness test during the years ended December&nbsp;31, 2016, 2015 and 2014 was not material. </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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_22"></A>16.</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="#094fa4">Investments in subsidiaries, joint ventures and associates </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">16.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Associates and joint venture entities </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance of &#147;Investments in joint ventures and associates&#148; (see Note 2.1) in the accompanying consolidated balance sheets
is as follows: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="5" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Associates Entities and joint ventures.</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Breakdown by entities</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Joint ventures</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Fideicomiso 1729 invex enajenacion de cartera</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">57</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">66</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">70</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Fideicomiso F 403853 5 BBVA Bancomer ser.zibata</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PSA Finance Argentina compa&ntilde;ia financiera S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other joint ventures</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">118</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">110</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,976</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>229</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>243</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,092</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Associates Entities</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Metrovacesa, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">351</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">233</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Metrovacesa Suelo y Promoci&oacute;n, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">208</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Metrovacesa Promoci&oacute;n y Arrendamientos S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Testa Residencial SOCIMI SAU</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">91</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Atom Bank, PLC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">43</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Brunara SICAV, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">52</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Servired Sociedad Espa&ntilde;ola de Medios de Pago, S.A</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">92</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other associates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">116</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">139</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">124</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"><FONT COLOR="#094fa4"><B>536</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"><FONT COLOR="#094fa4"><B>636</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"><FONT COLOR="#094fa4"><B>417</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>765</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>879</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,509</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Details of the joint ventures and associates as of December&nbsp;31, 2016 are shown in Appendix II. </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">F-121 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The following is a summary of the changes in the years ended December&nbsp;31, 2016, 2015 and 2014, under
this heading in the accompanying consolidated balance sheets: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Associates Entities and joint ventures.</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Changes in the Year</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>879</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,509</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,742</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Acquisitions and capital increases</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">456</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">464</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Disposals and capital reductions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(91</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(32</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Transfers and changes of consolidation method</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(351</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3,850</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(948</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Share of profit and loss (Note 38)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">174</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">343</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Exchange differences</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(34</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(250</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">235</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Dividends, valuation adjustments and others</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(118</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(136</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">111</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>765</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>879</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,509</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The variation in 2014 is mainly explained by the reclassification of CNBC to &#147;Available-for-sale financial
Assets&#148; (see Note 3). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The variation in 2015 is mainly explained by the change of the method of consolidation of Garanti (see Note 3) and by
the capital increase in Metrovacesa, S.A, for compensation credits amounting to 159&nbsp;million euros. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The variation in 2016 is mainly explained, by: </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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#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">In January 2016, two capital increases in Metrovacesa, S.A were made through a debt swap and a contribution of real
estate assets, which provided the Group 357&nbsp;million euros, including the share premium. </P></TD></TR></TABLE> <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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#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">In March 2016, there was a partial Split of Metrovacesa, S.A in favor of a beneficiary company from a new constitution
denominated Metrovacesa Suelo y Promocion, S.A, through the transfer in block and by universal succession of the patrimony belonging to its branch activity of floor and real estate promotion. </P></TD></TR></TABLE>
<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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#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">In October 2016, there was a total split of Metrovacesa, S.A through its extinction and division of its patrimony in
three parts (Commercial Patrimony, Residential Patrimony and Non-Strategic Patrimony) that have been transmitted in block and by universal succession to Merlin Properties, SOCIMI, S.A, Testa Residencial, SOCIMI, S.A and Metrovacesa Promoci&oacute;n
y Arrendamiento, S.A, respectively. </P></TD></TR></TABLE> <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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#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">As result of the previous mentioned splits, the Bank has received equity interests in the corresponding beneficiary
companies. In the case of Merlin Properties, SOCIMI, S.A, 6.41% of its capital was received, having been transferred to the heading &#147;Available-for-sale financial assets (see Note 12.3). </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Appendix III provides notifications on acquisitions and disposals of holdings in subsidiaries, joint ventures and associates, in compliance with Article
155 of the Corporations Act and Article 53 of the Securities Market Act 24/1988 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">16.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Other information about associates and joint ventures </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">If these entities had been consolidated rather than accounted for using the equity method, the change in each of the lines of balance sheet and the
consolidated income statement would not be significant. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016 there was no financial support agreement or other contractual
commitment to associates and joint ventures entities from the holding or the subsidiaries that are not recognized in the financial statements (see Note 53.2). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016 there was no contingent liability in connection with the investments in joint ventures and associates (see Note 53.2). </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">16.3</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Impairment </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As described in IAS 36, when there is indicator of impairment, the book value of the associates and joint venture entities should be compared with their
recoverable amount, being the latter calculated as the higher between the value in use and the fair value minus the cost of sale. As of December&nbsp;31, 2016, 2015 and 2014, there was no significant impairments recognized. </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">F-122 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_23"></A>17.</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="#094fa4">Tangible assets </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance and changes of this heading in the accompanying consolidated balance sheets, according to the nature of the related items,
is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD></TD>
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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="26" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>For Own Use</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total&nbsp;tangible</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>asset of Own</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Use</B></FONT></P></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Investment</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Properties</B></FONT></P></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets&nbsp;Leased</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>out under an</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Operating&nbsp;Lease</B></FONT></P></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Tangible Assets. Breakdown by</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Type of Assets and Changes in</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>the year 2016</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Land and</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Buildings</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Work in</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Progress</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Furniture,</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fixtures&nbsp;and</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Vehicles</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Cost -</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,858</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>545</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,628</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,029</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,391</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>668</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>17,088</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Additions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">320</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">563</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">913</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">337</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,312</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Retirements</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(85)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(29)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(468)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(582)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(117)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(97)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(796)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Acquisition of subsidiaries in the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Disposal of entities in the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(7)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(8)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(11)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Transfers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">676</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(544)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(386)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(254)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(986)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">84</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,156)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Exchange difference and other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(296)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(52)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(277)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(625)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(184)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(34)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(843)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,176</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>240</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,059</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13,473</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,163</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>958</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>15,594</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Accrued depreciation -</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,103</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,551</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,654</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>116</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>202</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,972</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Additions (Note 45)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">106</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">561</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">667</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">690</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Retirements</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(72)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(461)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(533)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(10)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(17)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(560)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Acquisition of subsidiaries in the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Disposal of entities in the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Transfers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(37)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(38)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(55)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">55</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(38)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Exchange difference and other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(20)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(153)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(173)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(11)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(24)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(208)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,116</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,461</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,577</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>63</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>216</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,856</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Impairment -</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>354</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>354</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>808</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,172</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Additions (Note 48)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">48</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">90</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">143</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Retirements</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(9)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(11)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Acquisition of subsidiaries in the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Disposal of entities in the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Transfers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(380)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(381)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Exchange difference and other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(20)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(25)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(100)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(125)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>379</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>379</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>409</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>798</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Net tangible assets -</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,401</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>545</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,077</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,021</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,467</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>456</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,944</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,681</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>240</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,598</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,519</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>691</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>732</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,941</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-123 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TR>
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<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
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<TD VALIGN="bottom" WIDTH="3%"></TD>
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<TD VALIGN="bottom" WIDTH="3%"></TD>
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<TD VALIGN="bottom" WIDTH="3%"></TD>
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<TD VALIGN="bottom" WIDTH="3%"></TD>
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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="26" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>For Own Use</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total&nbsp;Tangible</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Asset of Own</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Use</B></FONT></P></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Investment</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Properties</B></FONT></P></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets&nbsp;Leased</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>out under an</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Operating&nbsp;Lease</B></FONT></P></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Tangible Assets. Breakdown by</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Type of Assets and Changes in</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>the year 2015</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Land and</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Buildings</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Work in</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Progress</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Furniture,</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fixtures&nbsp;and</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Vehicles</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Cost -</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,168</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,085</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,904</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11,157</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,180</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>674</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,012</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Additions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">105</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">715</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,097</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,917</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">240</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,171</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Retirements</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(18)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(39)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(146)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(203)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(167)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(74)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(444)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Acquisition of subsidiaries in the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,378</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">78</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,426</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,882</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">738</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,620</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Disposal of entities in the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Transfers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">718</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,211)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(453)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(235)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(153)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(841)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Exchange difference and other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(494)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(83)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(693)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,271)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(139)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(19)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,429)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,858</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>545</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,628</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,029</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,391</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>668</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>17,088</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Accrued depreciation -</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,255</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,753</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,008</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>102</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>226</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,335</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Additions (Note 45)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">103</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">512</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">615</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">640</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Retirements</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(16)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(129)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(145)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(10)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(155)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Acquisition of subsidiaries in the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">140</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">940</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,080</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,103</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Disposal of entities in the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Transfers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(19)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(16)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(35)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(9)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(15)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(59)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Exchange difference and other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(360)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(509)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(869)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(15)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(9)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(893)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,103</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,551</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,654</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>116</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>202</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,972</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Impairment -</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>148</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>16</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>164</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>687</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>857</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Additions (Note 48)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">60</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Retirements</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(64)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(65)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Acquisition of subsidiaries in the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">187</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">187</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">295</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">482</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Disposal of entities in the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Transfers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(15)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(62)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(68)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Exchange difference and other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(19)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(16)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(78)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(94)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>354</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>354</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>808</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,172</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Net tangible assets -</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,764</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,085</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,135</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,985</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,392</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>443</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,819</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,401</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>545</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,077</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,021</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,467</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>456</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,944</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-124 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="43%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="26" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>For Own Use</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Total&nbsp;Tangible<BR>Asset&nbsp;of&nbsp;Own<BR>Use</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Investment<BR>Properties</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Assets&nbsp;Leased<BR>out&nbsp;under&nbsp;an<BR>Operating&nbsp;Lease</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Tangible Assets. Breakdown by Type of<BR>Assets and Changes in the year 2014</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Land and<BR>Buildings</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Work in<BR>Progress</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Furniture,<BR>Fixtures&nbsp;and<BR>Vehicles</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Cost -</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,980</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>715</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,827</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11,522</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,519</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>705</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,747</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Additions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">153</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">517</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">568</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,238</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">176</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,418</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Retirements</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(48)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(32)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(697)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(777)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(96)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(38)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(911)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Acquisition of subsidiaries in the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Disposal of entities in the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Transfers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(30)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(94)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(91)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(41)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(173)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(305)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Exchange difference and other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">113</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(21)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(827)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(735)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(206)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(937)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,168</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,085</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,904</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11,157</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,180</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>674</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,012</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Accrued depreciation -</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,179</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,801</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,980</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>102</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>233</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,314</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Additions (Note 45)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">94</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">495</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">589</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">611</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Retirements</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(20)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(669)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(689)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(696)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Acquisition of subsidiaries in the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Disposal of entities in the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Transfers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(11)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(17)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(28)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(20)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(49)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Exchange difference and other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(857)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(844)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(15)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(845)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,255</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,753</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,008</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>102</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>226</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,335</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Impairment -</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>153</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>15</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>168</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>727</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>900</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Additions (Note 48)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">61</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">97</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Retirements</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(46)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(47)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Acquisition of subsidiaries in the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Disposal of entities in the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Transfers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(17)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(17)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(17)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(34)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Exchange difference and other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(12)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(9)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(21)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(38)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(59)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>148</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>16</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>164</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>687</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>857</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Net tangible assets -</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,647</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>715</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,011</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,373</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,693</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>468</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,534</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,764</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,085</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,135</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,985</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,392</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>443</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,820</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, 2015 and 2014, the cost of fully amortized tangible assets that remained in use were <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>2,313, <FONT STYLE="font-family:Times New Roman">&#128;</FONT>2,663 and 2,198&nbsp;million respectively while its recoverable residual value was not significant. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The balance of amortizations in this heading during the years ended December 2016, 2015 and 2014 are provided in Note 45. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, 2015 and 2014 the amount of tangible assets under financial lease schemes on which the purchase option is expected to be
exercised was not material. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The main activity of the Group is carried out through a network of bank branches located geographically as shown in the
following table: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Number&nbsp;of&nbsp;Branches</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Branches by Geographical Location</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Spain</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,303</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,811</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,112</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Mexico</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,836</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,818</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,831</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">South America</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,667</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,684</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,676</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">The United States</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">676</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">669</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">672</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Turkey</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,131</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,109</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Rest of Eurasia</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">79</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,660</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,145</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,371</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-125 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The following table shows the detail of the net carrying amount of the tangible assets corresponding to
Spanish and foreign subsidiaries as of December&nbsp;31, 2016, 2015 and 2014: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Tangible Assets by Spanish and Foreign Subsidiaries</B></FONT></P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Net Assets Values</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA and Spanish subsidiaries</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,692</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,584</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,083</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Foreign subsidiaries</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,249</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,360</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,737</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,941</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,944</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,820</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_24"></A>18.</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="#094fa4">Intangible assets </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">18.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Goodwill </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under this heading in the accompanying consolidated balance sheets, according to the cash-generating units (CGUs), is as
follows: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><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>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&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;&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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Goodwill. Breakdown by CGU and</B></FONT></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Changes of the year 2016</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Balance&nbsp;at&nbsp;the</B></FONT></P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Beginning</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Additions&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Exchange</B></FONT></P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Difference</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Impairment&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Rest&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Balance&nbsp;at&nbsp;the&nbsp;<BR>End</B></FONT></P>
<P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">The United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,328</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">175</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,503</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">727</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(101</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">624</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">602</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(79</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">523</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Colombia</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">176</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">191</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Chile</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">68</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,915</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>15</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(1</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,937</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The change in 2016 is mainly as a result of the exchange differences due to the appreciation of the US Dollar against
the euro and the depreciation of the Turkish lira and the Mexican peso. </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="87%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&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;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Goodwill. Breakdown by CGU and</B></FONT></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Changes of the year 2015</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Balance&nbsp;at&nbsp;the<BR>Beginning</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Additions&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Exchange</B></FONT></P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Difference</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Impairment&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Rest&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Balance&nbsp;at&nbsp;the&nbsp;<BR>End</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">The United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,767</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">549</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,328</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">788</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(62</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">727</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">638</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(35</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">602</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Colombia</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">208</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(31</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">176</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Chile</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">65</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,697</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>800</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>418</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,915</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The change in 2015 is mainly as a result of the full consolidation of Garanti since the date of effective control (see
Note 3) assigned to the CGU of Turkey and exchange differences due to the appreciation of the US Dollar against the euro and the depreciation of the other currencies. </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><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>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&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;&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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Goodwill. Breakdown by CGU and</B></FONT></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Changes of the year 2014</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Balance&nbsp;at&nbsp;the</B></FONT></P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Beginning</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Additions&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Exchange</B></FONT></P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Difference</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Impairment&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Rest&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Balance&nbsp;at&nbsp;the&nbsp;<BR>End</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">The United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,133</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">65</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">570</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,767</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">630</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">638</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Colombia</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">227</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(19</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">208</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Chile</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">66</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">65</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,069</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>73</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>557</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(1</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,697</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-126 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&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 change depicted in the above table corresponded to the acquisition of Simple. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Impairment Test </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As described in Note
2.2.8, the cash-generating units (CGUs) to which goodwill has been allocated are periodically tested for impairment by including the allocated goodwill in their carrying amount. This analysis is performed at least annually and whenever there is any
indication of impairment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Both the CGU&#146;s fair values in the United States and the fair values assigned to its assets and liabilities had been
based on the estimates and assumptions that the Group&#146;s Management has deemed most likely given the circumstances. However, some changes to the valuation assumptions used could result in differences in the impairment test result. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Three key hypotheses are used when calculating the impairment test. They those to which the amount of the recoverable value is most sensitive: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 forecast cash flows estimated by the Group&#146;s management, and based on the latest available budgets for the next
5 years. </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 constant sustainable growth rate for extrapolating cash flows, starting in the fifth year (2021), beyond the period
covered by the budgets or forecasts. </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 discount rate on future cash flows, which coincides with the cost of capital assigned to each CGU, and which
consists of a risk-free rate plus a premium that reflects the inherent risk of each of the businesses evaluated. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The focus used
by the Group&#146;s management to determine the values of the hypotheses is based both on its projections and past experience. These values are uniform and use external sources of information. At the same time, the valuations of the most significant
goodwill have in general been reviewed by independent experts (not the Group&#146;s external auditors) who apply different valuation methods according to each type of asset and liability. The valuation methods used are: The method for calculating
the discounted value of future cash flows, the market transaction method and the cost method. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">As of December&nbsp;31, 2016, 2015 and 2014, no indicators of
impairment have been identified in any of the main CGUs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Group&#146;s most significant&nbsp;goodwill&nbsp;corresponds to the CGU in the United
States, the main significant hypotheses used in the impairment test of this mentioned CGU are: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="94%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Impairment test hypotheses</B></FONT></P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>CGU Goodwill in the United States</B></FONT></P>
<P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Discount rate</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10.0%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9.8%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10.0%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Sustainable growth rate</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4.0%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4.0%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4.0%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Given the potential growth of the sector, in accordance with paragraph 33 of IAS 36, as of December&nbsp;31, 2016, 2015
and 2014 the Group used a steady growth rate of 4% based on the real GDP growth rate of the United States and expected inflation. This 4% rate is less than the historical average of the past 30 years of the nominal GDP rate of the United States and
lower than the real GDP growth forecasted by the IMF. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The assumptions with a greater relative weight and whose volatility could affect more in
determining the present value of the cash flows starting on the fifth year are the discount rate and the growth rate. Below is shown the increased (or decreased) amount of the recoverable amount as a result of a reasonable variation (in basic
points) of each of the key assumptions: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="94%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>Millions of Euros</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Sensitivity analysis for main hypotheses</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Impact&nbsp;of&nbsp;an&nbsp;increase&nbsp;of&nbsp;50&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>basis points
(*)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Impact&nbsp;of&nbsp;a&nbsp;decrease&nbsp;of&nbsp;50&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>basis points
(*)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Discount rate</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">(1,106)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,309</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Sustainable growth rate</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">521</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">(441)</FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Based on historical changes, the use of 50 basis points to calculate the sensitivity analysis would be a reasonable
variation with respect to the observed variations over the last five years (36 basis points). </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">F-127 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Another assumption used, and with a high impact on the impairment test, is the budgets of the CGU and
specifically the effect that changes in interest rates have on cash flows. The rise in interest rates in December 2016 and the expected rise in interest rates in 2017, net interest income would be positively affected and, therefore, the recoverable
amount of the CGU would increase. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Goodwill in business combinations 2016 </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">There were no significant business combinations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Goodwill in
business combinations 2015 </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Catalunya Banc </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As stated in Note 3, in the six month ended June&nbsp;30, 2015 the Group acquired 98.4% of the share capital of the Catalunya Banc. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Shown below are details of the carrying amount of the consolidated assets and liabilities of Catalunya Banc prior to its acquisition and the
corresponding fair values, gross of tax, which have been estimated in accordance with the IFRS-3 acquisition method. </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Valuation and calculation of badwill for the acquisition of stake in</B></FONT></P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Catalunya Banc</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Carrying&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Amount&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair&nbsp;Value&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Acquisition cost (A)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,165</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Cash on hand</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">616</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">616</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Financial assets held for trading</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">341</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">341</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Financial assets designated at fair value through profit or loss</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Available-for-sale financial assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,845</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,853</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and receivables</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">37,509</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36,766</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Held-to-maturity investments (*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Fair value changes of the hedged items in portfolio hedge of interest rate risk</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Derivatives &#150; Hedge accounting</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">845</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">845</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Non-current assets and disposal groups classified as held for sale</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">274</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">193</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Investments in subsidiaries, joint ventures and associates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">209</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">293</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Tangible assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">908</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">626</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Intangible assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">129</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">581</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">498</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Financial Liabilities Held for Trading</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(332</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(332</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Financial liabilities designated at fair value through profit or loss</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Financial liabilities at Amortized Cost</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(41,271</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(41,501</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Fair value changes of the hedged items in portfolio hedge of interest rate risk</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(490</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(490</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Derivatives &#150; Hedge accounting</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(535</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(535</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Provisions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,248</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,667</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other liabilities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(84</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(84</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Deferred tax</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,312</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,630</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total fair value of assets and liabilities acquiered (B)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,205</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Non controlling Interest Catanlunya Banc Group (**) (C)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Non controlling Interest after purchase (D)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Badwill (A)-(B)+(C )+(D)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(26</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></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:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">After the purchase, it has been reclassified under the heading &#147;Available-for-sale financial assets&#148;
</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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">It corresponds to non-controlling interests that Catalunya Banc held, prior to integration in the BBVA Group
</P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Because the resulting goodwill was negative, the net fair value of identifiable assets acquired and lesser liabilities assumed was
initially estimated as of June&nbsp;30, 2015 in an amount of 22&nbsp;million euros but subsequently the calculation was modified to 26&nbsp;million euros a gain was recognized in the accompanying consolidated income statement for 2015 under the
heading &#147;Badwill&#148; (see Note 2.2.7). </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">F-128 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The calculation of this amount was subject to change, since the estimate of all the fair values has been
reviewed and, according to IFRS-3, they may be modified during a period of one year from the acquisition date (April 2015). After the deadline, there are not ben significant changes in that amount recorded in the year 2015. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Garanti Bank </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As stated in Note 3, in
the year ended December&nbsp;31, 2015 the Group acquired 14.89% of the share capital of the Garanti Bank. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Shown below are details of the carrying
amount of the consolidated assets and liabilities of Garanti Bank prior to its acquisition and the corresponding fair values, gross of tax, which have been estimated in accordance with the IFRS-3 acquisition method. </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Valuation and calculation of goodwill in Garanti Bank</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Carrying&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Amount&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair&nbsp;Value&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Acquisition cost (A)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,044</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Cash on hand</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,915</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,915</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Financial assets held for trading</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">419</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">419</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Available-for-sale financial assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,618</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,773</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and receivables</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">58,495</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">58,054</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Non-current assets and disposal groups classified as held for sale</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Investments in subsidiaries, joint ventures and associates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Hedging Derivatives</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">785</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,399</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Non-current assets held for sale</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,188</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,715</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,652</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Financial liabilities at Amortized Cost</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(70,920</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(70,926</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Provisions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(394</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(697</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other liabilities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6,418</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6,418</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Deferred tax</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">263</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">182</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total fair value of assets and liabilities acquiered (B)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10,560</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Non controlling Interest Garanti Group (C)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,669</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,669</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Non controlling Interest after purchase (D)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>635</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Goodwill (A)-(B)+(C )+(D)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>788</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In accordance with the acquisition method, which implies to account at fair value the assets acquired and liabilities of
Garanti Bank along with the intangible assets identifies, as well as the cash payment carried out by the Group related to the transaction generates goodwill. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, the calculation of goodwill, compared to the previous year, according to IFRS-3, they may be modified during a period of
one year from the acquisition date. Subsequent to the abovementioned date, the Group has finalized said process without significant changes. Among the adjustments to this calculation, Garanti&#146;s brand has been reclassified as an intangible asset
with a definite useful life, with its subsequent amortization under &#147;Amortization-Other intangible assets&#148; in the consolidated income statement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The main significant hypotheses used in the impairment test of this mentioned CGU are: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="70%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="96%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Impairment test hypotheses</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>CGU Goodwill in Turkey</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Discount rate</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">17.7%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">14.8%</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Sustainable growth rate</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">7.0%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">7.0%</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The assumptions with a greater relative weight and whose volatility could affect more in determining the present value
of the cash flows starting on the fifth year are the discount rate and the growth rate. Below is shown the increased (or decreased) amount of the recoverable amount as a result of a reasonable variation (in basic points) of each of the key
assumptions: </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">F-129 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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


<TR>
<TD WIDTH="94%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Sensitivity analysis for main hypotheses</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Impact&nbsp;of&nbsp;an&nbsp;increase&nbsp;of&nbsp;50&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>basis points (*)&nbsp;&nbsp;</B></FONT></P></TD>

<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Impact&nbsp;of&nbsp;a&nbsp;decrease&nbsp;of&nbsp;50&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>basis points
(*)&nbsp;&nbsp;</B></FONT></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Discount rate</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">(172)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">189</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Sustainable growth rate</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">123</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">(112)</FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">18.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Other intangible assets </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance and changes of this heading in the accompanying consolidated balance sheets, according to the nature of the related items,
is 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="94%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Other intangible assets</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Computer software acquisition expenses</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,877</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,875</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,517</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other intangible assets with a infinite useful life</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other intangible assets with a definite useful life</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">960</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,235</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">134</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,849</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,137</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,673</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="89%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Other Intangible Assets. Changes Over the
Period</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,137</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,673</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,690</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Acquisition of&nbsp;subsidiaries&nbsp;in the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,452</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Additions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">645</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">571</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">467</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Amortization in the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">45</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(735</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(631</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(535</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Exchange differences and other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(196</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">76</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">59</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Impairment</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">48</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,849</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,137</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,673</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, the balance of fully amortized intangible assets that remained in use was <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>1,501&nbsp;million, while their recoverable value was not significant. </P> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_25"></A>19.</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="#094fa4">Tax assets and liabilities </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">19.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Consolidated tax group </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; 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:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The
Group&#146;s non-Spanish other banks and subsidiaries file tax returns in accordance with the tax legislation in force in each country. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">19.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Years open for review by the tax authorities </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The years open to review in the BBVA Consolidated Tax Group as of December&nbsp;31, 2016 are 2010 and subsequent years for the main taxes applicable.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The remainders of the Spanish consolidated entities in general have the last four years open for inspection by the tax authorities for the main
taxes applicable, except for those in which there has been an interruption of the limitation period due to the start of an inspection. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the year
2014 as a consequence of the tax authorities examination reviews, inspections were initiated until the year 2009 inclusive, all of them signed in acceptance during the year 2014. </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">F-130 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In view of the varying interpretations that can be made of some applicable tax legislation, the outcome of
the tax inspections of the open years that could be conducted by the tax authorities in the future could give rise to contingent tax liabilities which cannot be reasonably estimated at the present time. However, the Group considers that the
possibility of these contingent liabilities becoming actual liabilities is remote and, in any case, the tax charge which might arise therefore would not materially affect the Group&#146;s accompanying consolidated financial statements. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">19.3</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Reconciliation </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The reconciliation of the Group&#146;s corporate income tax expense resulting from the application of the Spanish corporation income tax rate and the
income tax expense recognized in the accompanying consolidated income statements is as follows: </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:ARIAL; font-size:7pt" ALIGN="center">


<TR>
<TD WIDTH="88%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Reconciliation of Taxation at the Spanish Corporation Tax</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Rate to the Tax Expense Recorded for the Period</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Amount&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Effective&nbsp;Tax</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>%</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Amount&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Effective&nbsp;Tax</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>%</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Amount&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Effective&nbsp;Tax</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>%</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Profit or (-) loss before tax</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,392</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,603</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,980</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>From continuing operations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,392</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,603</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,980</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>From discontinued operations</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Taxation at Spanish corporation tax rate 30%</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,918</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,381</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,194</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Lower effective tax rate from foreign entities (*)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(298)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(221)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(318)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Mexico</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(105)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(149)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(145)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Chile</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(27)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(28)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(71)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-8%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Venezuela</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Colombia</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(18)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(13)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(12)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Peru</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(176)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Others</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(33)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(92)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Revenues with lower tax rate (dividends)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(69)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(65)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(88)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Equity accounted earnings</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(11)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(74)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(147)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other effects</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">159</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">253</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">257</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Current income tax</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,699</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,274</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>898</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Of which:</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Continuing operations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,699</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,274</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">898</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Discontinued operations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Calculated by applying the difference between the tax rate in force in Spain and the one applied to the Group&#146;s
earnings in each jurisdiction. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The effective income tax rate for the Group in the years ended December&nbsp;31, 2016, 2015 and
2014 is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="94%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Effective Tax Rate</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><I>Income from:</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Consolidated Tax Group</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(483</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,426</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(997</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other Spanish Entities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">52</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">107</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Foreign Entities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,823</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,922</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,959</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,392</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,603</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,980</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Income tax and other taxes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,699</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,274</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">898</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Effective Tax Rate</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>26.58%</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>27.68%</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22.56%</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">19.4</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Income tax recognized in equity </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In addition to the income tax expense recognized in the accompanying consolidated income statements, the Group has recognized the following income tax
charges for these items in the consolidated total equity: </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">F-131 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Tax recognized in total equity</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Charges to total equity</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(533)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(593)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(953)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">113</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(188)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(535)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(480)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,141)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(535)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(480)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,141)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">19.5</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Deferred taxes </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; 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. The details of the most important tax assets and liabilities are as follows: </P>
<P STYLE="font-size:12pt;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="70%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Tax assets and liabilities</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Tax assets-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Current tax assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,853</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,901</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,035</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Deferred tax assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,391</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,878</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,391</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Pensions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,190</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,022</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">902</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial Instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,371</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,474</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">920</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other assets (investments in subsidiaries)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">662</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">554</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">535</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Impairment losses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,390</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,346</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,041</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,236</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">981</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">905</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Secured tax assets (*)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,431</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,536</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,881</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Tax losses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,111</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">965</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,207</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>18,245</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>17,779</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12,426</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Tax Liabilities-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Current tax liabilities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,276</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,238</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">980</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Deferred tax liabilities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,392</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,415</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,177</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial Instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,794</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,907</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,096</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Charge for income tax and other taxes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,598</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,508</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,081</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,668</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,653</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,157</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="3%">&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">Laws guaranteeing the deferred tax assets have been approved in Spain and Portugal in 2013 and 2014.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The most significant variations in the years ended December&nbsp;31, 2016, 2015 and 2014 derived from the followings concepts:
</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">F-132 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD WIDTH="49%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"><FONT STYLE="font-size:9pt" COLOR="#fcfcfc"><B>Guaranteed tax assets and liabilities</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Deferred</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Deferred</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Liabilities</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Deferred</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Deferred</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Liabilities</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Deferred</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Deferred</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Liabilities</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD></TR>


<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>15,878</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,418</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10,391</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,177</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,202</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,537</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Pensions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">168</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">120</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">152</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Financials Instruments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(103)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(113)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">554</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(189)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(218)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,171</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">108</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">79</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Impairment losses</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">305</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">251</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Others</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">255</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">76</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">393</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Guaranteed Tax assets (*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(105)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,655</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">508</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Tax Losses</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">146</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(242)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Charge for income tax and other taxes</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">87</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">430</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">469</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>16,391</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,392</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>15,878</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,418</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10,391</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,177</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="3%">&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">Acquisition of Catalunya Banc S.A in 2015. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">With respect to the changes in assets and liabilities due to deferred tax contained in the above table, the following should be pointed out: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">- The decrease in guaranteed tax assets is mainly due to the corporate income tax return finally presented for the year 2015 that has
generated some differences with respect to the estimation of the corporate income tax booked in the annual accounts for that year. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">-
The increase in assets due to deferred tax other than guaranteed tax is due to the generation of a higher amount as a consequence of the restrictions to the deduction of some items provided in the tax code in force. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">- The increase in tax losses is mainly due to the offset in the corporate income tax return finally presented for the year 2015 of an
amount of negative tax bases and deductions lower than estimated in the consolidated annual accounts for that year and, on the other hand, to the generation in 2016 of negative tax bases and deductions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On the assets and liabilities due to deferred tax contained in the above table, those included in section 19.4&nbsp;above have been recognized against
the entity&#146;s equity, and the rest against earnings for the year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, 2015 and 2014, the estimated amount of
temporary differences associated with investments in subsidiaries, joint ventures and associates, which were not recognized deferred tax liabilities in the accompanying consolidated balance sheets taxes, amounted to 874, 656 and 497&nbsp;million
euros respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Of the deferred tax assets contained in the above table, the detail of the items and amounts guaranteed by the Spanish and
Portuguese governments, broken down by the items that originated those assets is as follows: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Secured tax assets</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Pensions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,901</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,904</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,741</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Impairment losses</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,530</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,632</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,140</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,431</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,536</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,881</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, non-guaranteed net deferred tax assets of the above table amounted to <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>3,568&nbsp;million (<FONT STYLE="font-family:Times New Roman">&#128;</FONT>2,924 and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>2,333&nbsp;million as of December&nbsp;31, 2015 and 2014),
which broken down by major geographies is as follows: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Spain: Net deferred tax assets recognized in Spain totaled
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>2,007&nbsp;million as of December&nbsp;31, 2016 (<FONT STYLE="font-family:Times New Roman">&#128;</FONT>1,437 million and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>1,383 as of
December&nbsp;31, 2015 and 2014). <FONT STYLE="font-family:Times New Roman">&#128;</FONT>1,088&nbsp;million of the figure recorded in the year ended December&nbsp;31, 2016 for net deferred tax assets related to tax credits and tax loss carry
forwards and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>919&nbsp;million relate to temporary differences. </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">F-133 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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: Net deferred tax assets recognized in Mexico amounted to
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>698&nbsp;million as of December&nbsp;31, 2016 (<FONT STYLE="font-family:Times New Roman">&#128;</FONT>608 and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>399&nbsp;million as of
December&nbsp;31, 2015 and 2014). 99.96% of deferred tax assets as of December&nbsp;31, 2016 relate to temporary differences. The remainders are tax credits carry forwards. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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: Net deferred tax assets recognized in South America amounted to
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>362&nbsp;million as of December&nbsp;31, 2016 (<FONT STYLE="font-family:Times New Roman">&#128;</FONT>330 and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>364&nbsp;million as of
December&nbsp;31, 2015 and 2014). All the deferred tax assets relate to temporary differences. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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: Net deferred tax assets recognized in The United States amounted to <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>345&nbsp;million as of December&nbsp;31, 2016 (<FONT STYLE="font-family:Times New Roman">&#128;</FONT>300 and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>160&nbsp;million as of
December&nbsp;31, 2015 and 2014). All the deferred tax assets relate to temporary differences. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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: Net deferred tax assets recognized in Turkey amounted to
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>135&nbsp;million as of December&nbsp;31, 2016 (<FONT STYLE="font-family:Times New Roman">&#128;</FONT>217 million as of December&nbsp;31, 2015). As of December&nbsp;31, 2016, all the deferred
tax assets correspond to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>8&nbsp;million of tax credits related to tax losses carry forwards and deductions and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>127&nbsp;million relate to
temporary differences. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Based on the information available as of December&nbsp;31, 2016, including historical levels of benefits
and projected results available to the Group for the coming years, it is considered that sufficient taxable income will be generated for the recovery of above mentioned unsecured deferred tax assets when they become deductible according to the tax
laws. </P> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_26"></A>20.</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="#094fa4">Other assets and liabilities </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The breakdown of the balance under these headings in the accompanying consolidated balance sheets is 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:10pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Other assets and liabilities.</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Breakdown by nature</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>ASSETS-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Inventories</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,298</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,303</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,443</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Real estate companies</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,268</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,172</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,389</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Others</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">131</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Transactions in progress</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">241</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">148</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">230</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Accruals</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">723</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">804</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">706</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Unaccrued prepaid expenses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">518</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">558</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">491</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other prepayments and accrued income</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">204</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">246</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">215</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other items</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,012</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,311</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,715</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total Assets</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,274</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,565</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,094</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>LIABILITIES-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Transactions in progress</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">127</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">52</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">77</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Accruals</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,721</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,609</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,370</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Unpaid accrued expenses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,125</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,009</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,772</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other accrued expenses and deferred income</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">596</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">600</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">598</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other items</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,131</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,949</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,072</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total Liabilities</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,979</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,610</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,519</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The heading &#147;Inventories&#148; includes the net book value of land and building purchases that the Group&#146;s
Real estate entities have available for sale or as part of their business. Balances under this heading include mainly real estate assets acquired by these entities from distressed customers (mostly in Spain), net of their corresponding losses. The
impairment included under the heading &#147;Impairment or reversal of impairment on non-financial assets&#148; of the accompanying consolidated financial statements were <FONT STYLE="font-family:Times New Roman">&#128;</FONT>375, <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>209 and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>192&nbsp;million for the years ended December&nbsp;31, 2016, 2015 and 2014 respectively (see Note 48).The roll-forward of our inventories
from distressed customers is provided below: </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">F-134 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Inventories from Distressed Customers</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Gross value</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,318</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,119</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,343</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Business combinations and disposals (*)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">580</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Acquisitions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">336</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">797</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">479</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Disposals</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,214)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,188)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(971)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Others</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">59</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">268</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,499</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,318</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,119</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Accumulated impairment losses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5,385)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5,291)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4,898)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Carrying amount</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,114</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,026</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,221</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Mainly assets from Catalunya Banc acquisition in 2015. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_27"></A>21.</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="#094fa4">Non-current assets and disposal groups classified as held for sale </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The composition of the balance under the heading &#147;Non-current assets and disposal groups classified as held for sale&#148; in the accompanying
consolidated balance sheets, broken down by the origin of the assets, is 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="71%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Non-current assets and disposal groups classified as held for sale</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Breakdown by items</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Foreclosures and recoveries</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,225</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,991</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,330</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Foreclosures</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,057</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,775</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,144</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Recoveries from financial leases</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">168</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">216</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">186</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other assets from:</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,181</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">706</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">315</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Property, plant and equipment</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">378</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">431</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">272</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Operating leases (*)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">803</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">275</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">43</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Business sale-Assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>40</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>37</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>924</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Accrued amortization (**)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(116)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(80)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(74)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Impairment losses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,727)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,285)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(702)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:4pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total Non-current assets and disposal groups classified as held for sale</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,603</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,369</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,793</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:4pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Includes Real Estate transferred from BBVA Propiedad. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Net of accumulated amortization until reclassified as non-current assets and disposal groups held for sale.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The changes in the balances of &#147;Non-current assets available for sale&#148; in 2016, 2015 and 2014 are as follows: </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">F-135 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TR>
<TD WIDTH="88%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<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 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="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Foreclosed Assets</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&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:1.50pt solid #ffffff">&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:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Non-current assets and disposal groups classified as</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>held for sale Changes in the year 2016</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Foreclosed</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets&nbsp;through</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Auction</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Proceeding</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Recovered</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets&nbsp;from</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Finance&nbsp;Leases</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>From&nbsp;Own&nbsp;Use</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(*)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Other&nbsp;assets&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Cost </B>(1)<B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,775</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>216</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>626</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>37</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,654</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Additions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">582</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">57</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">662</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Contributions from merger transactions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Retirements (<I>sales and other decreases</I>)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(779)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(77)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(170)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,023)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Transfers, other movements and exchange differences</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">480</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(28)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">586</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,037</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,057</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>168</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,065</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>40</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,330</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Impairment </B>(2)<B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>994</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>52</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>240</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,285</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Additions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">129</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">136</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Contributions from merger transactions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Retirements (<I>sales and other decreases</I>)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(153)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(33)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(192)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other movements and exchange differences</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">268</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">232</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">499</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,237</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>47</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>443</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,727</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the end of Net carrying value </B>(1)-(2)<B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,820</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>121</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>621</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>40</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,603</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Net of accumulated amortization until reclassified as non-current assets held for sale </P></TD></TR></TABLE>
<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:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="88%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Foreclosed Assets</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&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:1.50pt solid #ffffff">&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:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Non-current assets and disposal groups classified as</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>held for sale Changes in the year 2015</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Foreclosed</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets&nbsp;through</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Auction</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Proceeding</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Recovered</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets&nbsp;from</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Finance&nbsp;Leases</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>From&nbsp;Own&nbsp;Use</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(*)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Other&nbsp;assets&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Cost (1)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,144</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>186</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>241</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>924</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,495</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Additions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">801</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">94</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">79</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">974</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Contributions from merger transactions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">446</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">163</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">609</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Retirements (sales and other decreases)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(586)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(53)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(163)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(887)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,688)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Transfers, other movements and exchange differences</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(30)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(13)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">307</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">264</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,775</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>216</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>626</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>37</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,654</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Impairment (2)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>578</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>53</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>70</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>702</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Additions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">208</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">66</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">285</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Contributions from merger transactions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">328</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">75</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">404</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Retirements (sales and other decreases)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(117)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(14)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(39)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(170)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other movements and exchange differences</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">66</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">64</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>994</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>52</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>240</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,285</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the end of Net carrying value (1)-(2)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,781</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>164</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>387</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>37</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,369</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Net of accumulated amortization until reclassified as non-current assets held for sale </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Business sale agreement (Note 3) </P></TD></TR></TABLE>
<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:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="88%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Foreclosed Assets</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&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:1.50pt solid #ffffff">&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:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Non-current assets and disposal groups classified as</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>held for sale Changes in the year 2014</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Foreclosed</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets&nbsp;through</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Auction</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Proceeding</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Recovered</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets&nbsp;from</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Finance&nbsp;Leases</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>From&nbsp;Own&nbsp;Use</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(*)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Other&nbsp;assets&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Cost (1)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,914</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>186</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>253</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>92</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,445</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Additions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">783</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">82</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">916</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Contributions from merger transactions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Retirements (sales and other decreases)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(565)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(36)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(161)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(762)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Transfers, other movements and exchange differences</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(14)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">832</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">897</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,144</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>187</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>241</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>924</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,495</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Impairment (2)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>420</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>45</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>99</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>565</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Additions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">391</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">406</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Contributions from merger transactions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Retirements (sales and other decreases)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(140)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(7)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(51)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(198)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Transfers, other movements and exchange differences</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(93)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(71)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>578</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>53</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>71</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>702</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Balance at the end of Net carrying value (1)-(2)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,565</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>134</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>170</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>924</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,793</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Net of accumulated amortization until reclassified as non-current assets held for sale </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Business sale agreement (Note 3) </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">F-136 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Assets from foreclosures or recoveries </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, 2015 and 2014, assets from foreclosures and recoveries, net of impairment losses, by nature of the asset, amounted to <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>2,326, <FONT STYLE="font-family:Times New Roman">&#128;</FONT>2,415 and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>2,330&nbsp;million in assets for residential use; <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>574, <FONT STYLE="font-family:Times New Roman">&#128;</FONT>486 and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>432&nbsp;million in assets for tertiary use (industrial, commercial or
office) and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>41, <FONT STYLE="font-family:Times New Roman">&#128;</FONT>44 and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>26&nbsp;million in assets for agricultural use, respectively.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In December&nbsp;31, 2016, 2015 and 2014, the average sale time of assets from foreclosures or recoveries was between 2 and 3 years. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">During the years 2016, 2015 and 2014, some of the sale transactions for these assets were financed by Group companies. The amount of loans to buyers of
these assets in those years amounted to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>219, <FONT STYLE="font-family:Times New Roman">&#128;</FONT>179 and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>165&nbsp;million, respectively;
with an average financing of 78% of the sales price. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, 2015 and 2014, the amount of the profits arising from the sale
of Group companies financed assets-and therefore not recognized in the consolidated income statement-amounted to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>1, <FONT STYLE="font-family:Times New Roman">&#128;</FONT>18 and <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>22&nbsp;million, respectively. </P> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_28"></A>22.</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="#094fa4">Financial liabilities at amortized cost </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under these headings in the accompanying consolidated balance sheets is as follows: </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:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Financial liabilities measured at amortised cost</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Notes&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Deposits</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Deposits from Central Banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34,740</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,087</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,193</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Deposits from Credit Institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">22.1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">63,501</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">68,543</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">65,168</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Customer deposits</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">22.2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">401,465</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">403,362</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">319,334</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt securities issued</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">22.3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">76,375</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">81,980</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">71,917</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other financial liabilities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">22.4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,129</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,141</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,288</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>589,210</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>606,113</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>491,899</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">22.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Deposits from credit institutions </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under this heading in the consolidated balance sheets, according to the nature of the financial instruments, is as follows:
</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:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="71%"></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>
<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="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Deposits from credit institutions</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Notes&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Reciprocal accounts</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">165</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">160</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">218</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Deposits with agreed maturity</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30,286</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">37,859</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26,731</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Demand deposits</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,435</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,121</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,082</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other accounts</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">149</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">51</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Repurchase agreements</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">35</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,421</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26,069</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32,935</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">63,342</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">68,359</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">65,017</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Accrued interest until expiration</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">160</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">185</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">151</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>63,501</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>68,543</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>65,168</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-137 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown by geographical area and the nature of the related instruments of this heading in the
accompanying consolidated balance sheets is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="98%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Deposits from Credit Institutions</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Demand&nbsp;Deposits&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&amp; Reciprocal<BR>Accounts</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Deposits with</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Agreed&nbsp;Maturity&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Repurchase</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Agreements&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Spain</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">956</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,995</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">817</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,768</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of Europe</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">896</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,751</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,691</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38,338</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">306</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">426</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,931</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,663</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">South America</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">275</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,294</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">465</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,035</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">The United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,812</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,225</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,040</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">317</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,140</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,463</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of the world</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">88</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,597</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">509</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,194</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,651</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>30,429</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>28,420</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>63,501</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="98%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Deposits from Credit Institutions</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Demand&nbsp;Deposits&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&amp; Reciprocal<BR>Accounts</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Deposits with</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Agreed&nbsp;Maturity&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Repurchase</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Agreements&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Spain</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">951</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,718</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">593</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,262</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of Europe</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">801</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,955</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,140</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39,896</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">673</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">916</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,643</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">South America</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">212</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,779</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">432</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,423</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">The United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,892</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,497</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,391</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">355</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,423</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,786</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of the world</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,108</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">981</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,142</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,318</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>38,153</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>26,072</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>68,543</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="98%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Deposits from Credit Institutions</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2014</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Demand&nbsp;Deposits&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&amp; Reciprocal<BR>Accounts</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Deposits with</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Agreed&nbsp;Maturity&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Repurchase</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Agreements&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Spain</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,327</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,504</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,442</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,273</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of Europe</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,191</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,925</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,940</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39,056</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">125</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,066</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,875</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,065</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">South America</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">961</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,221</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">456</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,638</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">The United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,669</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,743</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,411</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of the world</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,461</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">231</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,725</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,306</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>26,920</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>32,944</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>65,168</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-138 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">22.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Customer deposits </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of this heading in the accompanying consolidated balance sheets, by type of financial instrument, is as follows: </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:ARIAL; font-size:9.5pt" ALIGN="center">


<TR>
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Customer deposits</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;Notes&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">General Governments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21,359</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25,343</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,122</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Current accounts</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">123,401</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">112,273</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">96,414</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Savings accounts</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">88,835</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">82,975</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">65,555</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Time deposits</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">153,123</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">165,125</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">111,796</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Repurchase agreements</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">35&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,491</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,711</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21,595</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Subordinated deposits</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">233</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">285</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">260</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other accounts</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">329</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">812</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">677</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Accumulated other comprehensive income</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">694</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">839</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">915</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>401,465</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>403,362</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>319,334</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Of which:</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">In Euros</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">189,438</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">203,053</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">162,844</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">In foreign currency</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">212,027</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">200,309</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">156,489</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Of which:</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Deposits from other creditors without valuation adjustment</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">400,742</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">402,689</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">318,657</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Accrued interests</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">723</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">673</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">677</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown by geographical area of this heading in the accompanying consolidated balance sheets, by type of
instrument is as follows: </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:ARIAL; font-size:9.5pt" ALIGN="center">


<TR>
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<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;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Customer Deposits</B></FONT></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Demand&nbsp;Deposits</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Deposits with&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Agreed&nbsp;Maturity&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Repurchase&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Agreements&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Spain</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">102,730</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">56,391</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,901</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">161,022</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of Europe</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,959</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,683</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,306</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30,949</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36,468</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,647</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,002</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54,117</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">The United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26,997</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,023</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">263</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50,282</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47,340</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,971</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62,311</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">South America</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,862</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,328</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38,211</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of the world</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,190</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,382</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,572</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>231,547</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>156,425</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13,493</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>401,465</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="40"></TD>
<TD HEIGHT="40" COLSPAN="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<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;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Customer Deposits</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Demand&nbsp;Deposits</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Deposits with&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Agreed&nbsp;Maturity&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Repurchase&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Agreements&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Spain</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">86,564</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">70,816</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,309</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">168,689</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of Europe</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,514</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,833</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,423</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35,770</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36,907</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,320</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,195</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">51,422</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">South America</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24,574</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,591</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">304</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44,469</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">The United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47,071</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,893</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62,988</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,277</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26,744</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36,036</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of the world</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">357</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,631</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,988</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>210,264</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>169,828</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>23,270</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>403,362</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-139 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&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;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Customer Deposits</B></FONT></P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;December 2014</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Demand</B></FONT></P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Deposits</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Deposits</B></FONT></P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>with&nbsp;Agreed</B></FONT></P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Maturity</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Repurchase</B></FONT></P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Agreements</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Spain</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">43,732</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">90,206</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,783</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">143,721</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of Europe</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,267</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,884</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,036</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,187</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,550</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,769</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,359</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46,678</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">South America</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,118</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34,680</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">441</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">58,239</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">The United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,020</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31,881</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50,902</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of the world</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">734</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">873</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,607</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>111,421</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>183,293</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>24,620</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>319,334</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">22.3</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Debt securities issued (including bonds and debentures) </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under this heading, by currency, is 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:8pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Debt securities issued</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>In Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>45,619</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>51,449</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>49,659</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Promissory bills and notes</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">841</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">456</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">410</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Non-convertible bonds and debentures at floating interest rates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,138</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,375</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,376</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Non-convertible bonds and debentures at fixed interest rates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,284</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,389</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,555</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Mortgage Covered bonds</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,869</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,740</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26,119</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Hybrid financial instruments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">450</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">384</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">234</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Securitization bonds made by the Group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,548</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,580</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,741</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other securities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Accrued interest and others (*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,518</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,425</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,865</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Subordinated liabilities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,972</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,100</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,359</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Convertible</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,000</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,000</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,500</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Convertible perpetual securities</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,000</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,000</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,500</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non-convertible</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,852</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,040</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,778</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Preferred Stock</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">359</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">357</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,033</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Other subordinated liabilities</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,493</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,683</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,745</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Accrued interest and others (*)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">120</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">60</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">81</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>In Foreign Currency</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>30,759</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>30,531</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22,258</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Promissory bills and notes</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">377</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">192</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">660</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Non-convertible bonds and debentures at floating interest rates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,044</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,240</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">588</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Non-convertible bonds and debentures at fixed interest rates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,880</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,553</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,898</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Mortgage Covered bonds</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">147</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">146</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">117</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Hybrid financial instruments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,030</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,392</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,945</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other securities associated to financial activities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Securitization bonds made by the Group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,977</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,039</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">474</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other securities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Accrued interest and others (*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">288</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">254</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">114</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Subordinated liabilities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,016</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,715</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,462</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Convertible</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,487</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,439</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,235</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Convertible perpetual securities</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,487</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,439</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,235</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non-convertible</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,134</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,818</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,833</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Preferred Stock</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">629</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">616</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">876</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Other subordinated liabilities</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,505</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,202</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,957</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Accrued interest and others (*)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">394</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">458</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">394</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>76,375</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>81,980</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>71,917</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-140 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Hedging operations and issuance costs </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Most of the foreign currency issues are denominated in U.S. dollars. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">22.3.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt"><FONT COLOR="#009ee5">Promissory notes and bills </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Promissory notes were issued by BBVA Senior Finance, S.A.U. and BBVA US Senior, S.A.U. The promissory notes issued by BBVA Senior Finance, S.A.U. and
BBVA US Senior, S.A.U., are guaranteed jointly, severally and irrevocably by the Bank. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">22.3.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt"><FONT COLOR="#009ee5">Bonds and debentures issued </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The senior debt issued by BBVA Senior Finance, S.A.U., BBVA U.S. Senior, S.A.U. and BBVA Global Finance, Ltd. are guaranteed jointly, severally and
irrevocably by the Bank (included within &#147;Non-convertible bonds and debentures at floating interest rates&#148; and &#147;Non-convertible bonds and debentures at fixed interest rates&#148; in the table above). </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">22.3.3</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt"><FONT COLOR="#009ee5">Subordinated liabilities </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Of the above, the issuances of BBVA International Preferred, S.A.U., BBVA Subordinated Capital, S.A.U., BBVA Global Finance, Ltd., Caixa Terrassa
Societat de Participacions Preferents, S.A.U. and CaixaSabadell Preferents, S.A.U., are jointly, severally and irrevocably guaranteed by the Bank. The balance variances are mainly due to the following transactions: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Convertible perpetual securities </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On
April&nbsp;8, 2016, BBVA carried out the fourth issuance of perpetual securities eventually convertible into new ordinary shares of BBVA, (additional tier I capital instruments) without pre-emption rights, for a nominal total amount of <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>1,000 million. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On February, 10 2015, BBVA carried out the third issuance of perpetual securities
eventually convertible into new ordinary shares of BBVA, (additional tier I capital instruments) without pre-emption rights, for a nominal total amount of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>1,500 million. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In 2014, BBVA carried out the second issuance of perpetual securities eventually convertible into new ordinary shares of BBVA, (additional tier I
capital instruments) without pre-emption rights, for a nominal total amount of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>1,500 million. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These securities were listed in the Global Exchange Market of the Irish Stock Exchange. This issuance was targeted only at qualified foreign investors
and in any case would not be made or subscribed in Spain or by Spanish-resident investors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These&nbsp;perpetual securities issued could be
converted into&nbsp;new&nbsp;ordinary shares of BBVA if the common equity Tier 1 (CET 1) of the individual or consolidated Bank is below the 5.125%, among other assumptions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These issues may be fully redeemed at BBVA&#146;s election only in the cases contemplated in its terms and conditions, and in any case, in accordance
with the provisions of the applicable legislation. </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">F-141 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Preferred securities </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown by issuer of the balance under this heading in the accompanying consolidated balance sheets is as follows: </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:ARIAL; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions&nbsp;of&nbsp;Euros&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Preferred Securities by Issuer</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA International Preferred, S.A.U. (*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">855</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">842</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,750</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Unnim Group (**)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">100</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">109</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">109</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Compass Group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Capital Finance, S.A.U.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Colombia, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA International, Ltd.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>979</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>974</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,910</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Listed on the London and New York stock exchanges. </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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Unnim Group: Issuances prior to the acquisition by BBVA. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These issues were fully subscribed at the moment of the issue by investors outside the Group and are redeemable at the issuer company&#146;s option
after five years from the issue date, depending on the terms of each issue and with prior consent from the Bank of Spain. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Amortization of
preferred securities </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On February, 27, 2015 BBVA Capital Finance, S.A.U., BBVA International Limited, Caixa de Manlleu Preferents, S.A.U.,
Caixa Terrassa Societat de Participacions Preferents, S.A.U. CaixaSabadell Preferents, S.A.U. carried out the early redemption of following issuances which amounted to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>46&nbsp;million, after
having obtained all required authorizations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On December&nbsp;19, 2014 the amortization in full of preferred securities called &#147;Issue of
Series E Preferred Securities&#148; and &#147;Issue of Series F Preferred Securities&#148; was announced. At their nominal amount of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>633&nbsp;million and
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>251&nbsp;million pounds (approximately <FONT STYLE="font-family:Times New Roman">&#128;</FONT>323&nbsp;million as of December&nbsp;31, 2014) respectively. These issues were made by BBVA
International Preferred, S.A. Unipersonal on October&nbsp;19, 2009. On January&nbsp;21, 2015, after obtaining the necessary authorizations, BBVA International Preferred, S.A. Unipersonal proceeded to its effective amortization. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other subordinated liabilities </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On
February&nbsp;27, 2015, BBVA announced the early redemption of some issuances that amounted to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>36&nbsp;million, after having obtained all required authorizations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On September&nbsp;23, 2014, BBVA announced the early expiration of the outstanding nominal amount of
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>633&nbsp;million of the issue &#147;Subordinated debt &#150; October&nbsp;04&#148;. On October&nbsp;20, 2014, after having obtained the necessary approvals, BBVA completed the expiration. </P>
<P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">22.4</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Other financial liabilities </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The breakdown of the balance under this heading in the accompanying consolidated balance sheets is as follows: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="77%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Other financial liabilities</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Creditors for other financial liabilities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,465</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,303</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,692</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Collection accounts</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,768</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,369</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,402</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Creditors for other payment obligations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,370</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,960</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,194</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Dividend payable but pending payment (Note 4)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">525</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">509</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13,129</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12,141</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,288</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-142 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_29"></A>23.</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="#094fa4">Liabilities under reinsurance and insurance contracts </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Group has insurance subsidiaries mainly in Spain and Latin America (mostly in Mexico). The main product offered by the insurance subsidiaries is
life insurance to cover the risk of death (risk insurance) and life-savings insurance. Within life and accident insurance, a distinction is made between freely sold products and those offered to customers who have taken mortgage or consumer loans,
which cover the principal of those loans in the event of the customer&#146;s death. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">There are two types of life-saving insurance products:
individual insurance, which seeks to provide the customer with savings for retirement or other events, and group insurance, which is taken out by employers to cover their commitments to their employees. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The insurance business is affected by different risks, including those that are related to the BBVA Group such as credit risk, market risk, liquidity
risk and operational risk and the methodology for risk measurement applied in the insurance activity is similar (see Note 7), although it has a differentiated management due to the particular characteristics of the insurance business, such as the
coverage of contracted obligations and the long term of the commitments. Additionally, the insurance business generates certain specific risks, of a probabilistic nature: </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 style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Technical risk: arises from deviations in the estimation of the casualty rate of insurances, either in terms of numbers,
the amount of such claims and the timing of its occurrence. </P></TD></TR></TABLE> <P STYLE="font-size:4pt;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 style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Biometric risk: depending on the deviations in the expected mortality behavior or the survival of the insured persons.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The insurance industry is highly regulated in each country. In this regard, it should be noted that the insurance industry is
undergoing a gradual regulatory transformation through new capital regulations risk-based, which have already been published in several countries. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The most significant provisions recognized by consolidated insurance subsidiaries with respect to insurance policies issued by them are under the
heading &#147;Liabilities under &#147;Insurance and reinsurance contracts&#148; in the accompanying consolidated balance sheets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The breakdown of the balance under
this heading is as follows: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="75%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions&nbsp;of&nbsp;Euros&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Technical Reserves by type of insurance product</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Mathematical reserves</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,813</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,101</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,352</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Individual life insurance <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,791</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,294</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,683</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Savings</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,943</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,756</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,073</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Risk</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">848</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">526</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">610</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Others</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Group insurance <SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,022</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,807</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,669</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Savings</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,801</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,345</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,207</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Risk</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">221</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">462</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">462</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Others</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Provision for unpaid claims reported</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">691</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">697</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">578</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Provisions for unexpired risks and other provisions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">635</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">609</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">529</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,139</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,407</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10,460</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Provides coverage in the event of death or disability. </P></TD></TR></TABLE>
<P STYLE="font-size:3pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">The insurance policies purchased by employers (other than BBVA Group) on behalf of its employees. </P></TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The cash flows of those Liabilities under Reinsurance and reinsurance contracts are shown below: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="98%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="90%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><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="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Maturity</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Up&nbsp;to&nbsp;1&nbsp;Year</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>1&nbsp;to&nbsp;3&nbsp;Years</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>3&nbsp;to&nbsp;5&nbsp;Years</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;5&nbsp;Years</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Liabilities under Insurance and Reinsurance Contracts</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,705</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,214</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,482</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,738</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,139</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-143 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The modeling methods and techniques used to calculate the mathematical reserves for the insurance products
are actuarial and financial methods and modeling techniques approved by the respective country&#146;s insurance regulator or supervisor. The most important insurance entities are located in Spain and Mexico (which together account for approximately
96% of the insurance revenues), where the modeling methods and techniques are reviewed by the insurance regulator in Spain (General Directorate of Insurance) and Mexico (National Insurance and Bonding Commission), respectively. The modeling methods
and techniques used to calculate the mathematical reserves for the insurance products are based on IFRS and primarily involve the valuation of the estimated future cash flows, discounted at the technical interest rate for each policy. To ensure this
technical interest rate, asset-liability management is carried out, acquiring a portfolio of securities that generate the cash flows needed to cover the payment commitments assumed with the customers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The table below shows the key assumptions used in the calculation of the mathematical reserves for insurance products in Spain and Mexico, respectively:
</P> <P STYLE="font-size:6pt;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:8pt" ALIGN="center">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap STYLE="Times New Roman; "><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap STYLE="Times New Roman; "><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap STYLE="Times New Roman; "><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap STYLE="Times New Roman; "><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2"><FONT COLOR="#fcfcfc"><B>Mathematical Reserves</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>Mortality table</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>Average&nbsp;technical&nbsp;interest&nbsp;type&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Spain</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Mexico</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Spain</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Mexico</B></FONT></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#094fa4">Individual life insurance <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">GKMF80/95%<BR>PASEM Hombre<BR>Own tables</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Tables of the<BR>Comision&nbsp;Nacional&nbsp;De<BR>Seguros y Fianzas<BR>2000-individual</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><FONT STYLE="white-space:nowrap">1.15%-3.00%</FONT></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">2.5%</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#094fa4">Group insurance<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">PERMF2000/Own<BR>tables</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Tables of the<BR>Comision Nacional De<BR>Seguros y Fianzas<BR>2000-group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1.37%-3.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">5.5%</FONT></TD></TR>
</TABLE> <P STYLE="font-size:18pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Provides coverage in the case of one or more of the following events: death and disability. </P></TD></TR></TABLE>
<P STYLE="font-size:4pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Insurance policies purchased by companies (other than Group BBVA entities) on behalf of their employees.
</P></TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The heading &#147;Assets under reinsurance and insurance contracts&#148; in the accompanying consolidated balance sheets includes
the amounts that the consolidated insurance entities are entitled to receive under the reinsurance contracts entered into by them with third parties and, more specifically, the share of the reinsurer in the technical provisions recognized by the
consolidated insurance subsidiaries. As of December&nbsp;31, 2016, 2015 and 2014 the balance is <FONT STYLE="font-family:Times New Roman">&#128;</FONT>447&nbsp;million, <FONT STYLE="font-family:Times New Roman">&#128;</FONT>511&nbsp;million and <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>559&nbsp;million, respectively. </P> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_30"></A>24.</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="#094fa4">Provisions </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under this heading in the accompanying consolidated balance sheets, based on type of provisions, is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="98%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Provisions. Breakdown by concepts</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Pensions and other post employment defined benefit obligations</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,025</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,299</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,970</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other long term employee benefits</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">69</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">68</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Pending legal issues and tax litigation</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">418</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">616</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">262</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Commitments and guarantees given</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">950</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">714</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">381</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other provisions (*)&nbsp;(**)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,609</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,155</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">769</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,071</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,852</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,444</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(*)</TD>
<TD ALIGN="left" VALIGN="top">In the year 2016 this line item includes <FONT STYLE="font-family:Times New Roman">&#128;</FONT>577&nbsp;million of provisions related to the invalidity of the clauses of limitation of interest rates in mortgage loans
with consumers (the so-called &#147;cl&aacute;usulas suelo&#148;), hereinafter discussed. </TD></TR></TABLE> <P STYLE="font-size:3pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(**)</TD>
<TD ALIGN="left" VALIGN="top">During the year 2015, provisions corresponding to different concepts and different geographies that are not individually significant individually, except originated of the Purchase Price Agreement of Catalunya Banc and
Garanti Group (see Note 18.1). </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">F-144 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The change in provisions for pensions and similar obligations for the years ended December&nbsp;31, 2016,
2015 and 2014 is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="97%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Provisions for Pensions and Similar Obligations.</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Changes Over the Period</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,299</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,970</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,512</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Add -</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Charges to income for the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">402</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">687</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,004</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Interest expenses and similar charges</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">37.2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">96</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">108</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">172</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Personnel expenses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">44.1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">57</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">58</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Provision expenses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">239</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">522</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">774</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Charges to equity (*)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">339</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">135</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">497</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Transfers and other changes (**)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">66</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">440</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">75</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Less -</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Benefit payments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(926)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(925)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(854)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Employer contributions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(154)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(8)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(264)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,025</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,299</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,970</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Correspond to actuarial losses (gains) arising from certain defined-benefit post-employment pension commitments and other
similar benefits recognized in &#147;Equity&#148; (see Note 2.2.12). </P></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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">In the year 2015 this line item correspond mainly to the incorporation of Garanti y Catalunya Banc (see Note 3).
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="97%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="94%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Provisions for Taxes, Legal Contingents and Other Provisions.</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Changes Over the Period</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at beginning</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,771</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,031</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>933</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Add -</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Charge to income for the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,109</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">334</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">387</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Acquisition of subsidiaries (*)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,256</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Transfers and other changes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Less -</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Available funds</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(311)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(205)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(75)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Amount used and other variations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(540)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(645)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(214)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Disposal of subsidiaries</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,028</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,771</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,031</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">In the year 2015 this line item mainly includes the incorporation of Garanti y Catalunya Banc in year 2015 (see Note 3).
</P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Ongoing legal proceedings and litigation </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Different entities of the BBVA Group are frequently party to legal actions in a number of jurisdictions (including, among others, Spain, Mexico and the
United State) arising in the ordinary course of business. According to the procedural status of these proceedings and the criteria of the legal counsel, BBVA considers that, except for the proceeding mentioned below, none of such actions is
material, individually or as a whole, and with no significant impact on the operating results, liquidity or financial situation at a consolidated or individual level of the Bank. The Group&#146;s Management believes that the provisions made in
respect of such legal proceedings are adequate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Regarding the consequences of the invalidity of the clauses of limitation of interest rates in
mortgage loans with consumers (the so-called &#147;cl&aacute;usulas suelo&#148;) the legal situation 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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#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 Spanish Supreme Court, in a judgment dated May&nbsp;9, 2013, rendered on a collective claim against BBVA among
others, and that is definitive, resolved unanimously that those clauses should be deemed as invalid if they did not comply with certain requirements of material transparency set forth in the referred judgment. In addition, that judgment determined
that there were no grounds for the refund of the amounts collected pursuant to those clauses before May&nbsp;9, 2013. </P></TD></TR></TABLE> <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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#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">As communicated to the market by means of Relevant Event dated June&nbsp;12, 2013, BBVA ceased to apply, in execution of
that judgment, as from May&nbsp;9, 2013, the &#147;cl&aacute;usula suelo&#148; in all mortgage loan agreements with consumers in which it had been included. </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">F-145 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In an individual claim, the Provincial Court of Alicante raised a preliminary ruling to the Court of
Justice of the European Union (CJEU), for the CJEU to determine if the time limitation for the refund of the amounts set forth by the Supreme Court complies with Directive 93/13/EEC. On July&nbsp;13, the opinion of the Advocate-General of the CJEU
was published and in its conclusions it stated that the European directive did not oppose to a Member State&#146;s Supreme Court limiting, due to exceptional circumstances, the restorative effects of the invalidity to the date on which its first
judgment in this regard was issued. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Last December&nbsp;21, the CJEU published its sentence that decided the preliminary ruling raised by the
Provincial Court of Alicante and other national judicial bodies, in the sense that the Supreme Court&#146;s case law that limited in time the restorative effects related to the unfair declaration of a clause included in an agreement between a
consumer and a professional is contrary to Article 6.1 of Directive 93/13/EEC on unfair terms in consumer contracts. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">After the mentioned
CJEU&#146;s decision, BBVA has made, once analyzed the portfolio of mortgage loans to consumers, in which the &#147;cl&aacute;usulas suelo&#148; have applied, a provision of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>577&nbsp;million
(with an impact on the attributed profit of approximately <FONT STYLE="font-family:Times New Roman">&#128;</FONT>404&nbsp;million, as communicated to the market in the Relevant Event dated December&nbsp;21, 2016), to cover future claims that could
be filed. </P> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4">25.</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="#094fa4"><A NAME="fin368256_31"></A>Post-employment and other employee benefit commitments
</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As stated in Note 2.2.12, the Group has assumed commitments with employees including short-term employee benefits, defined
contribution and defined benefit plans (see Note 44.1), healthcare and other long-term employee benefits. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Group sponsors defined-contribution
plans for the majority of its active employees 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 retired employees, the most significant
being those in Spain, Mexico, the United States and Turkey. In Mexico, the Group provides medical benefits to a closed group of employees and their family members, both active service and in retirement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance sheet net defined benefit liability as of December&nbsp;31, 2016, 2015 and 2014 is provided below: </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:8pt" ALIGN="center">


<TR>
<TD WIDTH="94%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Net Defined Benefit Liability (asset) on the Balance Sheet</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Pension commitments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,277</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,306</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,737</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Early retirement commitments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,559</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,855</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,803</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Medical benefits commitments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,015</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,023</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,083</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other long term employee benefits</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">69</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">68</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total commitments</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,920</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,252</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,685</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Pension plan assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,909</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,974</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,697</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Medical benefit plan assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,113</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,149</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,240</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total plan assets (*)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,022</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,124</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,937</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total net liability / asset on the balance sheet</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,898</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,128</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,748</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Of which:</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Net asset on the balance sheet (**)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(194)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(238)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(285)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Net liability on the balance sheet for provisions for pensions and similar obligations (***)</FONT></P></TD>

<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,025</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,299</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,970</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Net liability on the balance sheet for other long term employee benefits (****)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">69</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">68</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <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 style = "page-break-inside:avoid">
<TD WIDTH="3%">&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">In Turkey, the foundation responsible for managing the benefit commitments holds an additional asset of <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>257&nbsp;million which, in accordance with IFRS regarding the asset ceiling, has not been recognized in the accounts, because although it could be used to reduce future pension contributions it could
not be immediately refunded to the employer. </P></TD></TR></TABLE> <P STYLE="font-size:1pt;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 style = "page-break-inside:avoid">
<TD WIDTH="3%">&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">Recorded under the heading &#147;Other Assets - Other&#148; of the consolidated balance sheet (see Note 20).
</P></TD></TR></TABLE> <P STYLE="font-size:1pt;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 style = "page-break-inside:avoid">
<TD WIDTH="3%">&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">Recorded under the heading &#147;Provisions - Provisions for pensions and similar obligations&#148; of the consolidated
balance sheet (see Note 24). </P></TD></TR></TABLE> <P STYLE="font-size:1pt;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 style = "page-break-inside:avoid">
<TD WIDTH="3%">&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">Recorded under the heading &#147;Provisions &#150; Other long-term employee benefits&#148; of the consolidated balance
sheet. </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">F-146 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amounts relating to benefit commitments charged to consolidated income statement for the years 2016,
2015 and 2014 are as follows: </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:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Consolidated Income Statement Impact</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Interest and similar expenses</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">37.2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>96</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>108</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>172</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Interest expense</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">303</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">309</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">336</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Interest income</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(207)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(201)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(165)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Personnel expenses</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>154</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>141</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>121</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Defined contribution plan expense</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">44.1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">87</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">84</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">63</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Defined benefit plan expense</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">44.1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">57</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">58</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Provisions (net)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">46</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>332</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>592</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>816</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Early retirement expense</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">236</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">502</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">681</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Past service cost expense</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(29)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Remeasurements (*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">93</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other provision expenses</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">95</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">71</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total impact on Consolidated Income Statement: Debit (Credit)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>582</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>841</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,109</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(*)</TD>
<TD ALIGN="left" VALIGN="top">Actuarial losses (gains) on remeasurement of the net defined benefit liability relating to early retirements in Spain and other long-term employee benefits (see Note 2.2.12). </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amounts relating to post-employment benefits charged to the balance sheet as of December&nbsp;31, 2016, 2015 and 2014 are as follows: </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:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Equity Impact</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Defined benefit plans</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">237</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">128</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">353</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Post-employment medical benefits</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">119</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">144</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total impact on equity: Debit (Credit) (*)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.2.12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>356</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>135</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>497</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(*)</TD>
<TD ALIGN="left" VALIGN="top">Actuarial gains (losses) on remeasurement of the net defined benefit liability relating to pension and medical commitments before income taxes. </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">F-147 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">25.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Defined benefit plans </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Defined benefit commitments relate mainly to employees who have already retired or taken early retirement, certain closed groups of active employees
still accruing defined benefit pensions, and in-service death and disability benefits provided to most active employees. For the latter the Group pays the required premiums to fully insure the related liability. The change in these pension
commitments during the year ended December&nbsp;31, 2016, 2015 and 2014 is presented below. </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:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Defined Benefits</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Defined</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Benefit</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Obligation</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Plan&nbsp;Assets</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Net&nbsp;Liability</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(asset)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Defined</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Benefit</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Obligation</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Plan&nbsp;Assets</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Net&nbsp;Liability</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(asset)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Defined</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Benefit</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Obligation</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Plan&nbsp;Assets</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Net&nbsp;Liability</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(asset)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,184</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,124</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,060</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,622</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,937</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,685</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,714</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,375</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,337</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Current service cost</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">57</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">57</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">58</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">58</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Interest income or expense</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">299</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">207</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">92</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">309</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">201</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">108</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">336</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">165</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">172</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Contributions by plan participants</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Employer contributions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">154</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(154)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(8)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">264</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(264)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Past service costs <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">235</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">235</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">530</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">530</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">652</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">652</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Remeasurements:</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">354</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">359</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(113)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">155</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">769</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">178</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">590</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Return on plan assets <SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(20)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(106)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">106</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">178</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(178)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">From changes in demographic assumptions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">107</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">107</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">From changes in financial assumptions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">106</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">106</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(53)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(53)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">724</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">724</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other actuarial gain and losses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">141</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">125</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">88</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(7)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">94</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Benefit payments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,052)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(169)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(883)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,086)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(146)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(940)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(984)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(130)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(854)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Settlement payments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(43)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(43)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(17)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Business combinations and disposals</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">795</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">321</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">474</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Effect on changes in foreign exchange rates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(282)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(293)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(136)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(98)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(38)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">43</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(10)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other effects</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">84</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">84</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,851</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,022</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,829</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,184</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,124</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,060</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,622</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,937</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,685</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Of which</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Spain</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,157</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">358</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,799</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,491</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">380</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,111</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,212</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">382</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,830</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,456</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,627</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(171)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,527</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,745</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(219)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,643</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,908</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(266)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">The United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">385</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">339</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">362</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">329</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">362</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">324</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">447</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">348</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">99</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">435</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">337</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">98</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Including gains and losses arising from settlements. </P></TD></TR></TABLE>
<P STYLE="font-size:4pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Excluding interest, which is recorded under &#147;Interest income or expense&#148;. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The balance under the heading &#147;Provisions - Pensions and other post-employment defined benefit obligations&#148; of the accompanying consolidated
balance sheet as of December&nbsp;31, 2016 includes <FONT STYLE="font-family:Times New Roman">&#128;</FONT>355&nbsp;million relating to post-employment benefit commitments to former members of the Board of Directors and the Bank&#146;s Management.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The most significant commitments are those in Spain and Mexico and, to a lesser extent, in the United States and Turkey. The remaining commitments
are located mostly in Portugal and South America. Unless otherwise required by local regulation, all defined benefit plans have been closed to new entrants, who instead are able to participate in the Group&#146;s defined contribution plans. Both the
costs and the present value of the commitments are determined by independent qualified actuaries using the &#147;projected unit credit&#148; method. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In order to guarantee the good governance of these plans, the Group has established specific benefits committees. These benefit committees include
members from the different areas of the business to ensure that all decisions are made taking into consideration all of the associated impacts. Both the costs and the present value of the commitments are determined by independent qualified actuaries
using the &#147;projected unit credit&#148; method. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The following table sets out the key actuarial assumptions used in the valuation of these
commitments: </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:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Actuarial Assumptions</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Spain</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Mexico</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>USA</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Turkey</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Spain</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Mexico</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>USA</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Turkey</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Spain</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Mexico</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>USA</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Discount rate</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1.50%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">9.95%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">4.04%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">11.50%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">2.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">9.30%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">4.30%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10.30%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">2.25%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">8.75%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">3.97%</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Rate of salary increase</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1.50%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">4.75%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">3.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">9.30%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">2.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">4.75%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">3.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8.60%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">2.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">4.75%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">3.25%</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Rate of pension increase</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">2.13%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">7.80%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">2.13%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7.10%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">2.13%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">2.25%</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Medical cost trend rate</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">6.75%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">10.92%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">6.75%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9.94%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">6.75%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">8.00%</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"><FONT COLOR="#094fa4">Mortality tables</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">PERM/F<BR>2000P</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">EMSSA97<BR>(adjustment<BR>EMSSA09)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">RP&nbsp;2014</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">CSO2001</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">PERM/F<BR>2000P</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">EMSSA&nbsp;97</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">RP&nbsp;2014</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">CSO2001</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">PERM/F<BR>2000P</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">EMSSA&nbsp;97</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4">RP&nbsp;2014</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Discount rates used to value future benefit cash flows have been determined by reference to high quality corporate bonds
(Note 2.2.12) in Euro in the case of Spain, Mexican peso for Mexico and USD for the United States), and government bonds in new Turkish Lira for Turkey. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The expected return on plan assets has been set in line with the adopted discount rate. </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">F-148 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Assumed retirement ages have been set by reference to the earliest age at which employees are entitled to
retire, the contractually agreed age in the case of early retirements in Spain or by using retirement rates. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Changes in the main actuarial
assumptions may affect the valuation of the commitments. The table below shows the sensitivity of the benefit obligations to changes in the key assumptions: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="97%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<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="14" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<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 COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ROWSPAN="2"><FONT COLOR="#fcfcfc"><B>Sensitivity Analysis</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Basis&nbsp;points&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>change&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Increase&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Decrease&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Increase&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Decrease&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Discount rate</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(367)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">401</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(357)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">391</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Rate of salary increase</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(9)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(9)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Rate of pension increase</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(27)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(22)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Medical cost trend rate</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">100</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">263</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(204)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">213</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(169)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Change in obligation from each additional year of longevity</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">121</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">130</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The sensitivities provided above have been determined at the date of these consolidated financial statements, and
reflect solely the impact of changing one individual assumption at a time, keeping the rest of the assumptions unchanged, thereby excluding the effects which may result from combined assumption changes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In addition to the commitments to employees shown above, the Group has other less material long-term employee benefits. These include long-service
awards, which consist of either an established monetary award or some vacation days granted to certain groups of employees when they complete a given number of years of service. As of December&nbsp;31, 2016, 2015 and 2014 the actuarial liabilities
for the outstanding awards amounted to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>69&nbsp;million, <FONT STYLE="font-family:Times New Roman">&#128;</FONT>68&nbsp;million and
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>62&nbsp;million, respectively. These commitments are recorded under the heading &#147;Provisions - Other long-term employee benefits&#148; of the accompanying consolidated balance sheet (see
Note 24). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As described above, the Group maintains both pension and medical post-employment benefit commitments with their employees. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#009ee5">Post-employment commitments and similar obligations </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These pension commitments relate mostly to pensions where the employees are already receiving payment, and which have been determined based on salary
and years of service in accordance with the specific plan rules. For most plans pension payments are due on retirement, death and long term disability. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In addition, during the year 2016, Group entities in Spain offered certain employees the option to take early retirement (that is, earlier than the age
stipulated in the collective labor agreement in force). This offer was accepted by 613 (1,817 and 1,706 during years 2015 and 2014, respectively). These commitments include both the compensation and indemnities due as well as the contributions
payable to external pension funds during the early retirement period. As of December&nbsp;31, 2016, 2015 and 2014 the value of these commitments amounted to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>2,559&nbsp;million, <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>2,855&nbsp;million and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>2,803 respectively. </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">F-149 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The change in the benefit plan obligations and plan assets as of December&nbsp;31, 2016 was as follows:
</P> <P STYLE="font-size:12pt;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:6pt" ALIGN="center">


<TR>
<TD WIDTH="90%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="18" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Defined Benefit Obligation</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>

<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Post-employment commitments 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spain&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mexico&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;USA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Turkey&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rest&nbsp;of&nbsp;the&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>world&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,489</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>517</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>364</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>435</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>357</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Current service cost</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Interest income or expense</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">105</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Contributions by plan participants</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Employer contributions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Past service costs <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">240</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Remeasurements:</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">223</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Return on plan assets <SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">From changes in demographic assumptions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">From changes in financial assumptions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">192</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(22)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(23)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">37</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other actuarial gain and losses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Benefit payments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(931)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(41)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(16)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(21)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(11)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Settlement payments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(43)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Business combinations and disposals</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Effect on changes in foreign exchange rates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(70)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(69)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(18)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other effects</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">63</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,157</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>455</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>385</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>447</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>392</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Of which:</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Vested benefit obligation relating to current employees</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">161</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Vested benefit obligation relating to retired employees</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,996</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="20"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="18" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Plan Assets</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Post-employment commitments 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Spain&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Mexico&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>USA&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Turkey&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Rest&nbsp;of&nbsp;the&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>world&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>380</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>596</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>329</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>337</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>333</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Current service cost</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Interest income or expense</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">49</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Contributions by plan participants</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Employer contributions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Past service costs <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Remeasurements:</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(23)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Return on plan assets <SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(23)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">From changes in demographic assumptions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">From changes in financial assumptions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other actuarial gain and losses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Benefit payments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(64)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(40)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(13)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(12)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(9)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Settlement payments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Business combinations and disposals</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Effect on changes in foreign exchange rates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(81)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(54)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(14)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other effects</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>358</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>514</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>339</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>348</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>350</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="20"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions&nbsp;of&nbsp;Euros</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="18" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Net Liability (Asset)</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Post-employment commitments 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Spain&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Mexico&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>USA&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Turkey&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Rest&nbsp;of&nbsp;the&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>world&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,109</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(79)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>35</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>97</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>24</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Current service cost</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Interest income or expense</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">98</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(7)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Contributions by plan participants</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Employer contributions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(14)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(17)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(9)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Past service costs <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">240</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Remeasurements:</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">188</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Return on plan assets <SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(35)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(23)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(23)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">From changes in demographic assumptions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">From changes in financial assumptions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">192</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(22)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(23)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">37</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other actuarial gain and losses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Benefit payments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(867)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(9)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Settlement payments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(43)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Business combinations and disposals</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Effect on changes in foreign exchange rates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(15)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other effects</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">63</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,799</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(59)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>46</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>99</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>42</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Including gains and losses arising from settlements. </P></TD></TR></TABLE>
<P STYLE="font-size:4pt;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 style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Excluding interest, which is recorded under &#147;Interest income or expense&#148;. </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">F-150 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The change in net liabilities (assets) during the years ended 2015 and 2014 was as follows: </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:ARIAL; font-size:5pt" ALIGN="center">


<TR>
<TD WIDTH="62%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="34"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="18" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2015: Net liability (asset)</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="14" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2014: Net liability (asset)</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Post-employment commitments</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>Spain&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>Mexico&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>USA&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>Turkey&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-TOP:1.50pt solid #ffffff">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Rest&nbsp;of&nbsp;the&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;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="#fcfcfc"><B>world&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>Spain&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>Mexico&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>USA&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-TOP:1.50pt solid #ffffff">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Rest&nbsp;of&nbsp;the&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;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="#fcfcfc"><B>world&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,830</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(94)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>38</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>69</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,395</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(38)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>32</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>76</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Current service cost</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Interest income or expense</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">123</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(10)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">169</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Contributions by plan participants</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Employer contributions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(7)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(72)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(7)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Past service costs <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">550</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(15)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">683</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(20)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(12)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Remeasurements:</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">112</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(9)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">394</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Return on plan assets <SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(54)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(27)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(47)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(59)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">From changes in demographic assumptions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(7)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">From changes in financial assumptions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">101</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(23)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(18)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(25)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">398</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">69</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other actuarial gain and losses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">74</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Benefit payments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(913)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(20)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(847)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Settlement payments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Business combinations and disposals</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">378</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">96</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Effect on changes in foreign exchange rates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(11)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(45)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(16)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other effects</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(13)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,111</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(78)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>33</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>98</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>23</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,830</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(82)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>38</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>89</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><I>Of which</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Vested benefit obligation relating to current employees</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">172</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">221</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Vested benefit obligation relating to retired employees</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,939</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,609</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Includes gains and losses from settlements. </P></TD></TR></TABLE>
<P STYLE="font-size:4pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Excludes interest which is reflected in the line item &#147;Interest income and expenses&#148;. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In Spain, local regulation requires that pension and death benefit commitments must be funded, either through the assets held for a qualified pension
plan or an insurance contract. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the Spanish entities these commitments are covered by insurance contracts which meet the requirements of the
accounting standard regarding the non-recoverability of contributions. However, a significant number of the insurance contracts are with BBVA Seguros, S.A. and CatalunyaCaixa Vida &#150;consolidated subsidiaries and related parties &#150; and
consequently these policies cannot be considered plan assets under IAS 19. For this reason, the liabilities insured under these policies are fully recognized under the heading &#147;Provisions &#150; Pensions and other post-employment defined
benefit obligations&#148; of the accompanying consolidated balance sheet (see Note 24), while the related assets held by the insurance company are included within the Group&#146;s consolidated assets (registered according to the classification of
the corresponding financial instruments). As of December&nbsp;31, 2016 the value of these separate assets was <FONT STYLE="font-family:Times New Roman">&#128;</FONT>2,983&nbsp;million, representing direct rights of the insured employees held in the
consolidated balance sheet, hence these benefits are effectively fully funded, </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On the other hand, some pension commitments have been funded through
insurance contracts with insurance companies not related to the Group, and can therefore be considered qualifying insurance policies and plan assets under IAS 19. In this case the accompanying consolidated balance sheet reflects the value of the
obligations net of the fair value of the qualifying insurance policies. As of December&nbsp;31, 2016, 2015 and 2014, the fair value of the aforementioned insurance policies (<FONT STYLE="font-family:Times New Roman">&#128;</FONT>358 million, <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>380&nbsp;million and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>382&nbsp;million, respectively) exactly match the value of the corresponding obligations and therefore no amount for this
item has been recorded in the accompanying consolidated balance sheet. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Pensions benefits are paid by the insurance companies with whom BBVA has
insurance contracts and to whom all insurance premiums have been paid. The premiums are determined by the insurance companies using &#147;cash flow matching&#148; techniques to ensure that benefits can be met when due, guaranteeing both the
actuarial and interest rate risk. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In Mexico, there is a defined benefit plan for employees hired prior to 2001. Other employees participate in a
defined contribution plan. External funds/trusts have been constituted locally to meet benefit payments as required by local regulation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In The
United States there are mainly two defined benefit plans, both closed to new employees, who instead are able to join a defined contribution plan. External funds/trusts have been constituted locally to fund the plans, as required by local regulation.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In 2008, the Turkish government passed a law to unify the different existing pension systems under a single umbrella of Social Security. Such
system provides for the transfer of the various prior funds established. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The financial sector is in this stage at present, maintaining these
pension commitments managed by external pension funds (foundations) established for that purpose. </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">F-151 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The foundation that maintains the assets and liabilities relating to employees of Garanti in Turkey, as per
the local regulatory requirements, has registered an obligation amounting to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>218&nbsp;million as of December&nbsp;31, 2016 pending future social security transfer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Furthermore, the Group has set up a defined benefit pension plan for employees, additional to the social security benefits, reflected in the
consolidated balance sheet. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Bank also has commitments to pay indemnities to certain employees and members of the Group&#146;s Senior Management
in the event that they cease to hold their positions for reasons other than their own will, retirement, disability or serious dereliction of duties. The amount will be calculated according to the salary and professional conditions of each employee,
taking into consideration fixed elements of the remuneration and the length of office at the Bank. Under no circumstances indemnities will be paid in cases of disciplinary dismissal for misconduct upon decision of the employer on grounds of the
employee&#146;s serious dereliction of duties. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In 2016 as a consequence of certain Senior Management members leaving the Group, indemnities for an
overall total of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>1,788&nbsp;thousand were paid, which have been recorded as Other Personnel Expenses (see Note 44). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#009ee5">Medical benefit commitments </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The
change in defined benefit obligations and plan assets during the years 2016, 2015 and 2014 was as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" COLSPAN="34"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" BGCOLOR="#009ee5"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" BGCOLOR="#009ee5"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" BGCOLOR="#009ee5"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Medical&nbsp;Benefits&nbsp;Commitments</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-TOP:1.50pt solid #ffffff"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Defined&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;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="#fcfcfc"><B>Benefit&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;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="#fcfcfc"><B>Obligation&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>Plan&nbsp;assets&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-TOP:1.50pt solid #ffffff"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Net&nbsp;liability&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;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="#fcfcfc"><B>(asset)&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-TOP:1.50pt solid #ffffff"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Defined&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;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="#fcfcfc"><B>Benefit&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;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="#fcfcfc"><B>Obligation&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>Plan&nbsp;assets&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-TOP:1.50pt solid #ffffff"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Net&nbsp;liability&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;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="#fcfcfc"><B>(asset)&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-TOP:1.50pt solid #ffffff"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Defined&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;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="#fcfcfc"><B>Benefit&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;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="#fcfcfc"><B>Obligation&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>Plan&nbsp;assets&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-TOP:1.50pt solid #ffffff"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Net&nbsp;liability&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;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="#fcfcfc"><B>(asset)&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD></TR>


<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,022</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,149</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(127)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,083</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,240</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(157)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>811</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>938</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(128)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Current service cost</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Interest income or expense</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">86</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">97</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(11)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">95</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">109</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(14)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">78</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">90</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(13)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Contributions by plan participants</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Employer contributions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">114</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(114)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">183</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(183)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Past service costs <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Remeasurements:</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">59</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(60)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">119</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(87)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(94)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">190</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">144</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Return on plan assets <SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(60)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">60</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(94)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">94</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(46)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">From changes in demographic assumptions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">110</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">110</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">From changes in financial assumptions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(91)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(91)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(91)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(91)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">181</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">181</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other actuarial gain and losses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Benefit payments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(33)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(30)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(30)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(30)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(29)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(28)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Settlement payments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Business combinations and disposals</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Effect on changes in foreign exchange rates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(138)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(156)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(69)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(76)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other effects</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,015</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,113</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(98)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,022</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,149</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(127)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,083</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,240</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(157)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Including gains and losses arising from settlements. </P></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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Excluding interest, which is recorded under &#147;Interest income or expense&#148;. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In Mexico there is a medical benefit plan for employees hired prior to 2007. New employees from 2007 are covered by medical insurance policy. An
external trust has been constituted locally to fund the plan, in accordance with local legislation and Group policy. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In Turkey employees are
currently provided with medical benefits through a foundation in collaboration with the social security system, although local legislation prescribes the future unification of this and similar systems into the general social security system itself.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The valuation of these benefits and their accounting treatment follow the same methodology as that employed in the valuation of pension
commitments. </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">F-152 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#009ee5">Estimated benefit payments </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The estimated benefit payments over the next ten years for all the entities in Spain, Mexico, The United States and Turkey are as follows: </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:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="88%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Estimated Benefit Payments</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2017&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2018&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2019&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2020&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2021&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B><FONT STYLE="white-space:nowrap">&nbsp;&nbsp;2022-2026&nbsp;&nbsp;</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Commitments in Spain</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">820</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">736</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">652</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">563</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">470</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,269</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Commitments in Mexico</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">79</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">80</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">84</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">88</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">93</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">556</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Commitments in United States</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">112</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Commitments in Turkey</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">165</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>941</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>849</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>770</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>688</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>604</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,102</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#009ee5">Plan assets </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The majority of the Group&#146;s defined benefit plans are funded by plan assets held in external funds/trusts legally separate from the Group
sponsoring entity. However, in accordance with local regulation, some commitments are not externally funded and covered through internally held provisions, principally those relating to early retirements in Spain. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Plan assets are those assets which will be used to directly settle the assumed commitments and which meet the following conditions: they are not part of
the Group sponsoring entity&#146;s assets, they are available only to pay post-employment benefits and they cannot be returned to the Group sponsoring entity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">To manage the assets associated with defined benefit plans, BBVA Group has established investment policies designed according to criteria of prudence
and minimizing the financial risks associated with plan assets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The investment policy consists of investing in a low risk and diversified portfolio
of assets with maturities consistent with the term of the benefit obligation and which, together with contributions made to the plan, will be sufficient to meet benefit payments when due, thus mitigating the plans&#145; risks. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In those countries where plan assets are held in pension funds or trusts, the investment policy is developed consistently with local regulation. When
selecting specific assets, current market conditions, the risk profile of the assets and their future market outlook are all taken into consideration. In all the cases, the selection of assets takes into consideration the term of the benefit
obligations as well as short-term liquidity requirements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The risks associated with these commitments are those which give rise to a deficit in the
plan assets. A deficit could arise from factors such as a fall in the market value of plan assets, an increase in long-term interest rates leading to a decrease in the fair value of fixed income securities, or a deterioration of the economy
resulting in more write-downs and credit rating downgrades. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The table below shows the allocation of plan assets of the main companies of the BBVA
Group as of December&nbsp;31, 2016: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" ALIGN="center">


<TR>
<TD WIDTH="98%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;Millions&nbsp;of&nbsp;Euros&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Plan Assets Breakdown</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Cash or cash equivalents</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">151</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt securities (Government bonds)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,150</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Property</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Mutual funds</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Insurance contracts</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other investments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,317</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Of which:</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Bank account in BBVA</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt securities issued by BBVA</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In addition to the above there are plan assets relating to the previously mentioned insurance contracts in Spain and the
foundation in Turkey. </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">F-153 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The following table provides details of investments in listed securities (Level 1) as of December&nbsp;31,
2016: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="98%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;Millions&nbsp;of&nbsp;Euros&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Investments in listed markets</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Cash or cash equivalents</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">151</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt securities (Government bonds)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,150</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Mutual funds</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,302</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Of which:</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Bank account in BBVA</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt securities issued by BBVA</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The remainders of the assets are mainly invested in Level 2 assets in in accordance with the classification established
under IFRS 13 (mainly insurance contracts). As of December&nbsp;31, 2016, almost all of the assets related to employee&#146;s commitments corresponded to fixed income securities. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">25.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Defined contribution plans </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Certain Group entities sponsor defined contribution plans. Some of these plans allow employees to make contributions which are then matched by the
employer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Contributions are recognized as and when they are accrued, with a charge to the consolidated income statement in the corresponding
financial year. No liability is therefore recognized in the accompanying consolidated balance sheet (see Note 44.1). </P> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4">26.</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="#094fa4"><A NAME="fin368256_32"></A>Common stock </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, BBVA&#146;s common stock 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 paid-up 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:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Bank&#146;s shares are traded on the Spanish stock market, as well as on the London and Mexico stock markets. BBVA American Depositary Shares (ADSs)
traded on the New York Stock Exchange. Also, as of December&nbsp;31, 2016, the shares of BBVA Banco Continental, S.A., Banco Provincial S.A., BBVA Colombia, S.A., BBVA Chile, S.A., and BBVA Banco Frances, S.A. were listed on their respective local
stock markets. BBVA Banco Frances, S.A. is also listed on the Latin American market (Latibex) of the Madrid Stock Exchange and on the New York Stock Exchange. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, State Street Bank and Trust Co., Chase Nominees Ltd and The Bank of New York Mellon SA NV in their capacity as
international custodian/depositary banks, held 11.74%, 7.04%, and 5.18% of BBVA common stock, respectively. Of said positions held by the custodian banks, BBVA is not aware of any individual shareholders with direct or indirect holdings greater than
or equal to 3% of BBVA common stock outstanding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On January&nbsp;13, 2016, the Blackrock, Inc. reported to the Spanish Securities and Exchange
Commission (CNMV) that, it now has an indirect holding of BBVA common stock totaling 5.606%, of which 5.253% are voting rights attributed to shares and 0.353% are voting rights through financial instruments. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">BBVA is not aware of any direct or indirect interests through which control of the Bank may be exercised. BBVA has not received any information on
stockholder agreements including the regulation of the exercise of voting rights at its annual general meetings or restricting or placing conditions on the free transferability of BBVA shares. No agreement is known that could give rise to changes in
the control of the Bank. </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">F-154 </P>


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<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The changes in the heading &#147;Common Stock&#148; of the accompanying consolidated balance sheets are due
to the following common stock increases: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" ALIGN="center">


<TR>
<TD WIDTH="96%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Capital Increase</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Number&nbsp;of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR>Shares</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Common&nbsp;Stock</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;(Millions&nbsp;of&nbsp;Euros)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>As of December&nbsp;31, 2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,171,338,995</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,024</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Dividend option - January 2015</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53,584,943</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Dividend option - April 2015</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">80,314,074</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Dividend option - October 2015</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">61,442,106</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>As of December&nbsp;31, 2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,366,680,118</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,120</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Dividend option - April 2016</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">113,677,807</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">56</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Dividend option - October 2016</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">86,257,317</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>As of December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,566,615,242</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,218</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">&#147;Dividend Option&#148; Program in 2016: </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The AGM held on March&nbsp;11, 2016 under Third Point of the Agenda, adopted four resolutions on capital increase to be charged to reserves, to once
again implement the shareholder remuneration program called the &#147;Dividend Option&#148; (see Note 4), pursuant to article 297.1 a) of the Spanish Corporate Enterprises Act, conferring on the Board of Directors the authority to indicate the date
on which said capital increases should be carried out, within one year of the date of the AGM, including the power not to implement any of the resolutions, when deemed advisable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As a consequence of such agreement, on March&nbsp;31, 2016, the Board of Directors of BBVA approved the execution of the first of the capital increases
charged to voluntary reserves agreed by the aforementioned AGM. As a result of this increase, the Bank&#146;s capital increased by <FONT STYLE="font-family:Times New Roman">&#128;</FONT>55,702,125.43 through the issue and circulation of 113,677,807
shares with a <FONT STYLE="font-family:Times New Roman">&#128;</FONT>0.49 par value each. </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 of
BBVA approved the execution of the second of the capital increases charged to voluntary reserves agreed by the aforementioned AGM. As a result of this increase, the Bank&#146;s capital increased by
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>42,266,085.33 through the issue and circulation of 86,257,317 shares with a <FONT STYLE="font-family:Times New Roman">&#128;</FONT>0.49 par value each. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">&#147;Dividend Option&#148; Program in 2015: </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The AGM held on March&nbsp;13, 2015 under Point Four of the Agenda, adopted four resolutions on capital increase to be charged to voluntary reserves, to
once again implement the shareholder remuneration program called the &#147;Dividend Option&#148; (see Note 4), pursuant to article 297.1 a) of the Spanish Corporate Enterprises Act, conferring on the Board of Directors the authority to indicate the
date on which said capital increases should be carried out, within one year of the date of the AGM, including the power not to implement any of the resolutions, when deemed advisable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On March&nbsp;25, 2015, the Board of Directors of BBVA approved the execution of the first of the capital increases charged to voluntary reserves agreed
by the aforementioned AGM. As a result of this increase, the Bank&#146;s capital increased by <FONT STYLE="font-family:Times New Roman">&#128;</FONT>39,353,896.26 through the issue and circulation of 80,314,074 shares with a <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>0.49 par value each. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Likewise, on September&nbsp;30, 2015, the Board of Directors of BBVA approved
the execution of the second of the capital increases charged to voluntary reserves agreed by the aforementioned AGM. As a result of this increase, the Bank&#146;s capital increased by
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>30,106,631.94 through the issue and circulation of 61,442,106 shares with a <FONT STYLE="font-family:Times New Roman">&#128;</FONT>0.49 par value each. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">&#147;Dividend Option&#148; Program in 2014: </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Formerly, on December&nbsp;17, 2014, Board of Directors of BBVA approved the execution of the third of the capital increases charged to reserves agreed
by the aforementioned AGM. As of January&nbsp;14, 2015, the Bank&#146;s common stock increased by <FONT STYLE="font-family:Times New Roman">&#128;</FONT>26,256,622.07 through the issue and circulation of 53,584,943 ordinary shares with a <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>0.49 par value each, of the same class and series as the shares currently in circulation, without issuance premium and represented by book entries. </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">F-155 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Capital increase </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Bank&#146;s AGM held on March&nbsp;16, 2012 agreed, in Point Three of the Agenda, to confer authority on the Board of Directors to increase common
stock in accordance with Article 297.1.b) of the Corporations Act, on one or several occasions, within the legal deadline of five years from the date the resolution takes effect, up to the maximum nominal amount of 50% of the subscribed and paid-up
common stock on the date on which the resolution is adopted. Likewise, an agreement was made to enable the Board of Directors to exclude the preemptive subscription right on those common stock increases in line with the terms of Article 506 of the
Corporations Act. This authority is limited to 20% of the common stock of the Bank on the date the agreement is adopted. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On November&nbsp;19, 2014,
the Board of Directors of BBVA, exercising the authority delegated by the AGM held on March&nbsp;16, 2012 under point Three of its Agenda, decided to carry out a capital increase though an accelerated bookbuilt offering. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On November&nbsp;20, 2014, the capital increase finished with a total par value of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>118,787,879.56
through the issue of 242,424,244 shares of BBVA, each with a par value of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>0.49, of the same class and series as the shares currently in circulation and represented by book entries. The
subscription price of these new shares was determined to be <FONT STYLE="font-family:Times New Roman">&#128;</FONT>8.25&nbsp;per share (corresponding <FONT STYLE="font-family:Times New Roman">&#128;</FONT>0.49 to par value and <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>7.76 to share premium). Therefore, the total effective amount of the Capital Increase was of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>2,000,000,013 corresponding <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>118,787,879.56 euros to par value and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>1,881,212,133.44 euros to share premium (see Note 27). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Convertible and/or exchangeable securities: </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">At the AGM held on March&nbsp;16, 2012 the shareholders resolved, in Point Five of the Agenda, to delegate to the Board of Directors the authority to
issue bonds, convertible and/or exchangeable into BBVA shares, for a maximum total of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>12 billion. The authority include the right to establish the different aspects and conditions of each issue;
to exclude the pre-emptive subscription right of shareholders in accordance with the Corporations Act; to determine the basis and methods of conversion and/or exchange; and to increase the Banks common stock as required to address the conversion
commitments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Exercising the authority delegated by the AGM, BBVA, on April&nbsp;8, 2016, BBVA S.A. has agreed to carry out the fourth issue of
perpetual contingent convertible securities, convertible into issued ordinary shares of BBVA (Additional level I capital instruments), without pre-emption rights, for a nominal total amount of
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>1,000&nbsp;million (see Note 22.3). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Likewise, exercising the authority delegated by the AGM,
BBVA, on February&nbsp;10, 2015, BBVA S.A. has agreed to carry out the third issue of perpetual contingent convertible securities, convertible into issued ordinary shares of BBVA (Additional level I capital instruments), without pre-emption rights,
for a nominal total amount of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>1,500&nbsp;million (see Note 22.4). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Exercising the authority
delegated by the AGM, BBVA, in 2014, BBVA S.A. has agreed to carry out the second issue of perpetual contingent convertible securities, convertible into issued ordinary shares of BBVA (Additional level I capital instruments), without pre-emption
rights, for a nominal total amount of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>1,500 million. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Other securities: </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">At the AGM held on March&nbsp;13, 2015, in Point Three of the agenda, the shareholders resolve to delegate to the Board of Directors, the authority to
issue, within the three-year maximum period stipulated by law, on one or several occasions, directly or through subsidiaries, with the full guarantee of the Bank, any type of fixed-income securities, documented in obligations, bonds of any kind,
promissory notes, all type of covered bonds, warrants, mortgage participation, mortgage transfers certificates and preferred securities (that are totally or partially exchangeable for shares already issued by the Bank or by another company, in the
market or which can be settled in cash), or any other fixed-income securities, in euros or any other currency, that can be subscribed in cash or in kind, registered or bearer, unsecured or secured by any kind of collateral, including a mortgage
guarantee, with or without incorporation of rights to the securities (warrants), subordinate or otherwise, for a limited or indefinite period of time, up to a maximum nominal amount of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>250
billion. </P> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_33"></A>27.</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="#094fa4">Share premium </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">There are no changes for years 2016 and 2015 in the balances under this heading in the accompanying consolidated balance sheets, amounting <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>23,992&nbsp;million due to the common stock increases carried out in 2014 (see Note 26). </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">F-156 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amended Spanish Corporation Act expressly permits the use of the share premium balance to increase
capital and establishes no specific restrictions as to its use. </P> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_34"></A>28.</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="#094fa4">Retained earnings, revaluation reserves and other reserves </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The breakdown of the balance under this heading in the accompanying consolidated balance sheet is as follows: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Retained earnings, revaluation reserves and other reserves.</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Breakdown by concepts</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Legal reserve</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28.1&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">624</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">605</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">567</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Restricted reserve for retired capital</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28.2&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">201</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">213</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">268</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Reserves for balance revaluations</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Voluntary reserves</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,521</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,971</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,784</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total reserves holding company (*)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,366</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,811</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,642</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Consolidation reserves attributed to the Bank and dependents consolidated companies.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,275</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,701</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,294</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>23,641</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22,512</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>20,936</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Total reserves of BBVA, S.A. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">28.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Legal reserve </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Under the amended Corporations Act, 10% of any profit made each year must be transferred to the legal reserve. The transfer must be made until the legal
reserve reaches 20% of the common stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The legal reserve can be used to increase the common stock provided that the remaining reserve balance
does not fall below 10% of the increased capital. While it does not exceed 20% of the common stock, it can only be allocated to offset losses exclusively in the case that there are not sufficient reserves available. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">28.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Restricted reserves </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">As of December&nbsp;31, 2016, 2015 and 2014, the Bank&#146;s restricted reserves are as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="97%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" ALIGN="center">


<TR>
<TD WIDTH="94%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Restricted Reserves</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Restricted reserve for retired capital</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">88</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">88</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">88</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Restricted reserve for Parent Company shares and loans for those shares</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">111</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">123</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">178</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Restricted reserve for redenomination of capital in euros</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>201</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>213</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>268</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The restricted reserve for retired capital resulted from the reduction of the nominal par value of the BBVA shares made
in April 2000. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The most significant heading corresponds to restricted reserves related to the amount of shares issued by the Bank in its possession
at each date, as well as the amount of customer loans outstanding at those dates that were granted for the purchase of, or are secured by, the Bank&#146;s shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Finally, pursuant to Law 46/1998 on the Introduction of the Euro, a restricted reserve is recognized as a result of the rounding effect of the
redenomination of the Bank&#146;s common stock in euros. </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">F-157 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">28.3</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Retained earnings, revaluation reserves and other reserves by entity </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown, by company or corporate group, under the heading &#147;Reserves&#148; in the accompanying consolidated balance sheets is as follows: </P>
<P STYLE="font-size:12pt;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:9pt" ALIGN="center">


<TR>
<TD WIDTH="94%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Retained earnings, Revaluation reserves and Other</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>reserves</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Accumulated income ans Revaluation reserves</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Holding Company</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,101</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,763</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,634</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Bancomer Group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,108</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,178</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,482</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Seguros, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(62)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">261</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">431</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Corporacion General Financiera, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,187</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,192</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">711</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Banco Provincial Group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,752</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,751</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,592</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Chile Group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,264</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,115</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,048</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Compa&ntilde;&iacute;a de Cartera e Inversiones, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(27)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(16)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Anida Grupo Inmobiliario, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">528</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">527</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">589</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Suiza, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(17)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Continental Group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">611</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">506</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">437</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Luxinvest, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">467</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Colombia Group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">803</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">656</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">492</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Banco Franc&eacute;s Group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">827</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">621</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">439</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Banco Industrial De Bilbao, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">61</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">43</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Uno-E Bank, S.A. (*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(62)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(65)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Gran Jorge Juan, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(30)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(40)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(45)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Portugal Group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(477)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(511)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(519)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Participaciones Arenal, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(180)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(180)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(180)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Propiedad S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(431)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(412)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(342)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Anida Operaciones Singulares, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4,127)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3,962)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,788)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Grupo BBVA USA Bancshares</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,053)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,459)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,747)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Garanti Turkiye Bankasi Group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">127</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Unnim Real Estate</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(477)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(403)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(348)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Bilbao Vizcaya Holding, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">139</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">73</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">70</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Autorenting, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(38)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(49)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(30)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Pecri Inversi&oacute;n S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(75)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(78)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">162</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">77</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(75)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>23,708</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22,610</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>20,304</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Reserves or accumulated losses of investments in joint ventures and associates</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Citic International.Financial Holdings Limited</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">197</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Garanti Turkiye Bankasi Group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">609</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Metrovacesa</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(143)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(68)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Metrovacesa Suelo</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(52)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(94)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(15)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">45</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(11)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(67)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(98)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>633</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>23,641</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22,512</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>20,937</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Absorbed into BBVA S.A. </P></TD></TR></TABLE>
<P STYLE="margin-top:48pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">For the purpose of allocating the reserves and accumulated losses to the consolidated entities and to the parent company, the transfers of reserves
arising from the dividends paid and transactions between these entities are taken into account in the period in which they took place. </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">F-158 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_35"></A>29.</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="#094fa4">Treasury shares </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the years ended December&nbsp;31, 2016, 2015 and 2014 the Group entities performed the following transactions with shares issued by the Bank: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="98%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:6.5pt" ALIGN="center">


<TR>
<TD WIDTH="88%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD ROWSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Treasury Stock</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Number&nbsp;of&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Shares</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Millions&nbsp;of&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Euros</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Number&nbsp;of&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Shares</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Millions&nbsp;of&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Euros</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Number&nbsp;of&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Shares</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Millions&nbsp;of&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Euros</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at beginning</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>38,917,665</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>309</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>41,510,698</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>350</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,876,770</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>66</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">+ Purchases</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">379,850,939</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,004</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">431,321,283</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,273</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">425,390,265</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,770</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">- Sales and other changes</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(411,537,817)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2,263)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(433,914,316)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3,314)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(390,756,337)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3,484)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">+/- Derivatives on BBVA shares</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">+/- Other changes</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,230,787</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>48</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>38,917,665</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>309</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>41,510,698</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>350</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Of which:</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Held by BBVA, S.A.</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,789,894</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,840,378</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,001,897</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Held by Corporaci&oacute;n General Financiera, S.A.</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,440,893</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">37,077,287</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">290</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36,480,861</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">304</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Held by other subsidiaries</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,940</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Average purchase price in Euros</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5.27</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7.60</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8.86</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Average selling price in Euros</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5.50</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7.67</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8.94</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Net gain or losses on transactions (Shareholders&#146; funds-Reserves)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(30)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The percentages of treasury stock held by the Group in the years ended December&nbsp;31, 2016, 2015 and 2014 are as
follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="98%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:6.5pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Treasury Stock</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Min&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Max&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Closing&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Min&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Max&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Closing&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Min&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Max&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Closing&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">% treasury stock</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.081%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.756%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.110%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.000%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.806%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.613%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.000%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.699%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.672%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The number of BBVA shares accepted by the Group in pledge of loans as of December&nbsp;31, 2016, 2015 and 2014 is as
follows: </P> <P STYLE="font-size:12pt;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:8.5pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Shares of BBVA Accepted in Pledge</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Number of shares in pledge</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">90,731,198</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">92.703.291</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">97,795,984</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Nominal value</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.49</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.49</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.49</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">% of share capital</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.38%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,46%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.58%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The number of BBVA shares owned by third parties but under management of a company within the Group as of
December&nbsp;31, 2016, 2015 and 2014 is as follows: </P> <P STYLE="font-size:12pt;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:8.5pt" ALIGN="center">


<TR>
<TD WIDTH="72%"></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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Shares of BBVA Owned by Third Parties but</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Managed by the Group</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Number of shares owned by third parties</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">85,766,602</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">92,783,913</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">101,425,692</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Nominal value</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.49</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.49</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.49</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">% of share capital</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.31%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,46%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.64%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&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">F-159 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_36"></A>30.</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="#094fa4">Accumulated other comprehensive income </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The breakdown of the balance under this heading in the accompanying consolidated balance sheets is as follows: </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:ARIAL; font-size:7.5pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Accumulated other comprehensive income</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Items that will not be reclassified to profit or loss</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,095</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(859</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(777</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Actuarial gains or (-) losses on defined benefit pension plans</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,095</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(859</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(777</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non-current assets and disposal groups classified as held for sale</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Share of other recognized income and expense of investments in subsidiaries, joint ventures and
associates</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other adjustments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Items that may be reclassified to profit or loss</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(4,363</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,490</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>429</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Hedge of net investments in foreign operations [effective portion]</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(118</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(274</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(373</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Foreign currency translation</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5,185</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3,905</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2,173</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Hedging derivatives. Cash flow hedges [effective portion]</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(49</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(46</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Available-for-sale financial assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">947</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,674</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,816</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non-current assets and disposal groups classified as held for sale</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Share of other recognized income and expense of investments in subsidiaries, joint ventures and
associates</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">64</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(796</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(5,458</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,349</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(348</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The balances recognized under these headings are presented net of tax. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The main variation is related to the conversion to euros of the&nbsp;financial statements&nbsp;balances from consolidated entities whose functional
currency is not euros. In this regard, the increase in item &#147;Foreign currency translation&#148; in the above table in the year 2016 is mainly related to the depreciation of the Mexican peso and the Turkish lira, partially offset by the
appreciation of the U.S. dollar against the euro. </P> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_37"></A>31.</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="#094fa4">Non-controlling interests </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown by groups of consolidated entities of the balance under the heading &#147;Non-controlling interests&#148; of total equity in the
accompanying consolidated balance sheets is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="97%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Non-Controlling Interests</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Colombia Group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">58</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">59</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Chile Group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">377</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">314</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">347</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Banco Continental Group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,059</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">913</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">839</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Banco Provincial Group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">97</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">100</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">958</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Banco Franc&eacute;s Group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">243</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">220</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">230</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Garanti Group (Note 3)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,157</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,302</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other companies</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">64</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">86</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">78</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,064</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,992</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,511</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-160 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These amounts are broken down by groups of consolidated entities under the heading &#147;Profit -
Attributable to non-controlling interests&#148; in the accompanying consolidated income statements: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="94%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" ALIGN="center">


<TR>
<TD WIDTH="75%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&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;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Profit attributable to Non-Controlling Interests</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Colombia Group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Chile Group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Banco Continental Group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">193</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">211</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">195</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Banco Provincial Group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">131</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA Banco Franc&eacute;s Group</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">55</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">76</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">65</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Garanti Group (Note 3)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">917</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">316</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other companies</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,218</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>686</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>464</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Dividends distributed to non-controlling interests of the Group during the year 2016 are: BBVA Banco Continental Group <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>90&nbsp;million, BBVA Chile Group <FONT STYLE="font-family:Times New Roman">&#128;</FONT>11&nbsp;million, BBVA Banco Franc&eacute;s Group
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>12&nbsp;million, Garanti Group <FONT STYLE="font-family:Times New Roman">&#128;</FONT>106&nbsp;million, BBVA Colombia Group <FONT STYLE="font-family:Times New Roman">&#128;</FONT>4&nbsp;million,
and other Spanish entities accounted for <FONT STYLE="font-family:Times New Roman">&#128;</FONT>5 million. </P> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_38"></A>32.</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="#094fa4">Capital base and capital management </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#006ec1">Capital base </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31,
2016, 2015 and 2014, equity is calculated in accordance with current regulation on minimum capital base requirements for Spanish credit institutions &#150;both as individual entities and as consolidated group&#150; and how to calculate them, as well
as the various internal capital adequacy assessment processes they should have in place and the information they should disclose to the market. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The
minimum capital base requirements established by the current regulation are calculated according to the Group&#146;s exposure to credit and dilution risk, counterparty and liquidity risk relating to the trading portfolio, exchange-rate risk and
operational risk. In addition, the Group must fulfill the risk concentration limits established in said regulation and the internal corporate governance obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As a result of the Supervisory Review and Evaluation Process (SREP) carried out by the European Central Bank (ECB), BBVA has received a communication
from the ECB requiring BBVA to maintain, on a consolidated basis, effective from the 1<SUP STYLE="font-size:85%; vertical-align:top">st</SUP> of January 2017, a phased-in total capital of 11.125% and on an individual bases, a phased-in total capital
of 10.75%. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">This total capital requirement of 11.125% includes: i) the minimum CET1 capital ratio required under Pillar 1 (4.5%); ii) Pillar 1
Additional Tier 1 capital requirements (1.5%); iii) Pillar 1 Tier 2 capital requirements (2%); iv) Pillar 2 CET1 capital requirement (1.5%); v) the capital conservation buffer (CCB) (1.25% CET1 in a phased-in term and 2.5% in a fully loaded term)
and vi) the Other Systemic Important Institution buffer (OSII) (0.375% CET1 in a phased-in term and 0.75% in a fully loaded term). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Since BBVA has
been excluded from the list of global systemically important financial institutions in 2016 (which is updated every year by the Financial Stability Board (FSB)), as of January&nbsp;1, 2017, the G-SIB buffer will not apply to BBVA in 2017,
(notwithstanding the possibility that the FSB or the supervisor may include BBVA on it in the future). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">However, the supervisor has informed BBVA
that it is included on the list of other systemically important financial institutions, and a D-SIB buffer of 0.75% of the fully-loaded ratio applies at the consolidated level. It will be implemented gradually from January&nbsp;1, 2016 to
January&nbsp;1, 2019. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The CET1 requirement on phased-in terms stands at 7.625% on a consolidated basis and 7.25% on an individual basis. </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">F-161 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Group&#146;s bank capital in accordance with the aforementioned applicable regulation, considering
entities scope required by the above regulation, as of December&nbsp;31, 2016, 2015 and 2014 is shown below: (please note that the information for the latter period has been adapted to the new presentation format for comparison purposes): </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:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="94%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<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="2" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions&nbsp;of&nbsp;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></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Eligible capital resources</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Reconciliation&nbsp;of&nbsp;total<BR>equity with regulatory<BR>capital December<BR>2016 (*)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Reconciliation&nbsp;of&nbsp;total<BR>equity with regulatory<BR>capital December<BR>2015 (**)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Reconciliation&nbsp;of&nbsp;total<BR>equity with regulatory<BR>capital December<BR>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Capital</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,218</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,120</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,024</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Share premium</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,992</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,992</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,992</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Retained earnings, revaluation reserves and other reserves</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,641</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,512</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,936</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other equity</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Less: Treasury shares</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(48)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(309)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(350)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Profit or loss attributable to owners of the parent</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,475</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,642</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,618</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Less: Interim dividends</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,510)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,352)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(841)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total shareholders&#146; funds</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>52,821</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>50,640</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>49,446</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:2pt"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Accumulated other comprehensive income</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5,458)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3,349)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(348)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Minority interests (non-controlling interest)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,064</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,149</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,511</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total equity</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>55,428</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>55,440</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>51,610</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:2pt"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Intangible assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5,675)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3,901)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,748)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Fin. treasury shares</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(82)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(95)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(124)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Indirect treasury shares</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(51)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(415)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&#151;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Deductions</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>(5,808)</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>(4,411)</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,872)</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:2pt"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Temporary CET 1 adjustments</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(129)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(788)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3,567)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Capital gains from the Available-for-sale debt instruments portfolio</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(402)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(796)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2,713)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Capital gains from the Available-for-sale equity portfolio</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">273</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(854)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Differences from solvency and accounting level</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(120)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(40)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(140)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #ffffff; padding-left:8pt"><FONT COLOR="#094fa4"><B>Equity not eligible at solvency level</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>(249)</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>(828)</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,707)</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:2pt"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #ffffff; padding-left:8pt"><FONT COLOR="#094fa4"><B>Other adjustments and deductions</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,001)</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,647)</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,414)</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:2pt"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #ffffff; padding-left:8pt"><FONT COLOR="#094fa4"><B>Common Equity Tier 1 (CET 1)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>47,370</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>48,554</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>44,617</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:2pt"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #ffffff; padding-left:8pt"><FONT COLOR="#094fa4"><B>Additional Tier 1 before Regulatory Adjustments</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>6,114</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>5,302</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>4,205</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:2pt"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #ffffff; padding-left:8pt"><FONT COLOR="#094fa4"><B>Total Regulatory Adjustments of Aditional Tier 1</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,401)</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>(5,302)</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>(6,990)</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:2pt"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #ffffff; padding-left:8pt"><FONT COLOR="#094fa4"><B>Tier 1</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>50,083</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>48,554</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>41,831</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:2pt"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #ffffff; padding-left:8pt"><FONT COLOR="#094fa4"><B>Tier 2</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>8,810</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>11,646</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>10,986</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:2pt"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #ffffff; padding-left:8pt"><FONT COLOR="#094fa4"><B>Total Capital (Total Capital=Tier 1 + Tier 2)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>58,893</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>60,200</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>52,817</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:2pt"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total Minimum equity required</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>37,923</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>38,125</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>28,064</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-TOP:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff; padding-right:2pt"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Figures originally reported in the Prudential Relevance Report corresponding to the year 2015, without restatements.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;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:9pt" ALIGN="center">


<TR>
<TD WIDTH="58%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><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="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Capital Base</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Tier 1 (thousand of euros) (a)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50,083</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">48,554</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41,832</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Exposure (thousand of euros) (b)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">747,216</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">766,589</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">671,081</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Leverage ratio (a)/(b) (percentage)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.70%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.33%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.23%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Variations in the amount of Tier 1 Common Equity in the above table are mainly explained by the organic generation of
capital leaning against the recurrence of the results, net of dividends paid and remunerations; and the efficient management and allocation of capital in line with the strategic objectives of the Group. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Additionally, there is a negative effect on the minority interests and deductions due to the regulatory phase-in calendar of 60% in 2016 compared with
40% in 2015. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">During the first semester of the year, BBVA Group has completed the additional Tier 1 capital recommended by the Regulator (1.5% of
Risk-Weighted Assets) with the issuance of perpetual securities eventually convertible into </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">F-162 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">
shares, classified as additional Tier 1 equity instruments (contingent convertible) under the solvency rules and contributing to the ratio of Tier 1 stood at 12.88% </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Finally, the total capital ratio is located at 15.14% reflecting the effects discussed above. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The increase in minimum capital requirements is mainly due to the consideration of the aforementioned new prudential capital requirements applicable to
BBVA. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">A reconciliation of the balance sheet to the accounting and regulatory scope (provisional data) as of December&nbsp;31, 2016 is provided
below: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<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="2" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions&nbsp;of&nbsp;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></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<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></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Public balance sheet headings</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Public<BR>balance<BR>sheet</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Insurance<BR>companies&nbsp;and<BR>real estate<BR>companies</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Jointly-<BR>controlled<BR>entities and<BR>other<BR>adjustments</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Regulatory<BR>balance&nbsp;sheet</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Cash and balances with central banks and other demand deposits</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,039</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">59</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,098</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Financial assets held for trading</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">74,950</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,117)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,509</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">76,342</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other financial assets designated at fair value through profit or loss</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,062</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2,058)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Available for sale financial assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">79,221</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(20,608)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">58,638</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and receivables</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">465,977</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,298)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,010</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">466,689</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Held to maturity investments</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,696</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,696</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Fair value changes of the hedged items in portfolio hedges of interest rate risk</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,833</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(124)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,709</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Hedging derivatives</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Non-current assets held for sale</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">765</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,716</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(103)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,378</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Investments in entities accounted for using the equity method</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,603</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(14)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(29)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,560</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44,693</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2,862)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,622</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44,453</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total assets</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>731,856</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(24,365)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,093</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>714,584</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#006ec1">Capital management </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Capital management in the BBVA Group has a twofold aim: </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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#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">Maintain a level of capitalization according to the business objectives in all countries in which it operates and,
simultaneously, </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#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">Maximize the return on shareholders&#146; funds through the efficient allocation of capital to the different units, a
good management of the balance sheet and appropriate use of the various instruments forming the basis of the Group&#146;s equity: shares, preferred securities and subordinate debt. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">This capital management is carried out determining the capital base and the solvency ratios established by the prudential and minimum capital
requirements also have to be met for the entities subject to prudential supervision in each country. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The current regulation allows each entity to
apply its own internal ratings-based (IRB) approach to risk assessment and capital management, subject to Bank of Spain approval. The BBVA Group carries out an integrated management of these risks in accordance with its internal policies and its
internal capital estimation model has received the Bank of Spain&#146;s approval for certain portfolios (see Note 7). </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">F-163 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_39"></A>33.</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="#094fa4">Commitments and guarantees given </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The breakdown of the balance under these headings in the accompanying consolidated balance sheets is as follows: </P>
<P STYLE="font-size:12pt;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:9pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Loan commitments, financial guarantees and other</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>commitments</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Loan commitments given</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>107,254</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>123,620</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">of which: defaulted</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">411</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">446</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Central banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">General governments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,354</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,823</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,209</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,239</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other financial corporations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,155</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,032</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non-financial corporations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">71,710</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">71,583</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Households</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25,824</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42,934</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Financial guarantees given</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>18,267</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>19,176</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">of which: defaulted</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">278</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">146</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Central banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">General governments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">103</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">100</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,553</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,483</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other financial corporations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">722</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,621</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non-financial corporations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,354</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,626</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Households</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">534</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">346</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other commitments and guarantees given</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>42,592</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>42,813</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">of which: defaulted</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">402</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">517</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Central banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">General governments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">372</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">101</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,880</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,640</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other financial corporations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,892</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,137</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non-financial corporations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,297</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,765</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Households</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">138</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">156</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total Loan commitments and financial guarantees</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>168,113</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>185,609</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Non performing financial guarantees given amounted <FONT STYLE="font-family:Times New Roman">&#128;</FONT>680 and <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>664&nbsp;million as of December&nbsp;31, 2016 and 2015, respectively. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Since a
significant portion of the amounts above will expire without any payment being made by the consolidated entities, the aggregate balance of these commitments cannot be considered the actual future requirement for financing or liquidity to be provided
by the BBVA Group to third parties. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the years 2016 and 2015 no issuance of debt securities carried out by associates of the BBVA Group, joint
venture entities or non-Group entities have been guaranteed. </P> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4">34.</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="#094fa4"><A NAME="fin368256_40"></A>Other contingent assets and liabilities </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;30, 2016, 2015 and 2014 there were no material contingent assets or liabilities other than those disclosed in the accompanying notes
to the 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">F-164 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4">35.</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="#094fa4"><A NAME="fin368256_41"></A>Purchase and sale commitments and future payment obligations
</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The breakdown of purchase and sale commitments of the BBVA Group as of December&nbsp;31, 2016, 2015 and 2014 is as follows: </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:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Purchase and Sale Commitments</B></FONT></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT STYLE="font-size:8pt" COLOR="#fcfcfc"><B>Notes&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:8pt" COLOR="#094fa4"><B>Financial instruments sold with repurchase commitments</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>46,562</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:8pt" COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:8pt" COLOR="#094fa4"><B>68,401</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:8pt" COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:8pt" COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT STYLE="font-size:8pt" COLOR="#094fa4"><B>66,326</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT STYLE="font-size:8pt" COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Central Banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,649</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,065</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,774</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit Institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22.1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,421</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26,069</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32,935</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">General governments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22.2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,556</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,022</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other domestic sectors</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22.2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,271</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,092</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,306</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Foreign sectors</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22.2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,221</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,619</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,289</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT STYLE="font-size:8pt" COLOR="#094fa4"><B>Financial instruments purchased with resale commitments</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22,921</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>16,935</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>17,639</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Central Banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">81</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">149</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">209</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit Institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13.1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,561</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,749</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,440</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">General governments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13.2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">544</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">326</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">378</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other domestic sectors</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13.2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,388</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,952</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,932</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Foreign sectors</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13.2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,347</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">758</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">680</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">A breakdown of the maturity of other payment obligations, not included in previous notes, due after December&nbsp;31,
2016 is provided below: </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:ARIAL; font-size:7pt" ALIGN="center">


<TR>
<TD WIDTH="63%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Maturity of Future Payment Obligations</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Up&nbsp;to&nbsp;1&nbsp;Year</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>1&nbsp;to&nbsp;3&nbsp;Years</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>3&nbsp;to&nbsp;5&nbsp;Years</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;5&nbsp;Years</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Finance leases</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Operating leases</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">263</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">305</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">321</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,397</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,286</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Purchase commitments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Technology and systems projects</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other projects</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>286</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>305</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>321</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,397</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,309</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:18pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4">36.</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="#094fa4"><A NAME="fin368256_42"></A>Transactions on behalf of third parties </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, 2015 and 2014 the details of the most significant items under this heading are as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="95%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Transactions on Behalf of Third Parties</B></FONT></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Financial instruments entrusted by third parties</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">637,761</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">664,911</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">602,791</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Conditional bills and other securities received for collection</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,054</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,064</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,438</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Securities lending</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,968</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,125</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,945</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>657,783</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>684,100</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>611,174</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-165 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">As of December&nbsp;31, 2016, 2015 and 2014 the customer funds managed by the BBVA Group are as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="98%" 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></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Customer Funds by Type</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Asset management by type of customer (*):</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Collective investment</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">55,037</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54,419</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">52,782</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Pension funds</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33,418</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31,542</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,364</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Customer portfolios managed on a discretionary basis</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,805</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42,074</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35,129</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Of which:</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Portfolios managed on a discretionary</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,165</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,919</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,187</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other resources</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,831</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,786</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,577</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Customer resources distributed but not managed by type of product:</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Collective investment</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,695</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,181</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,197</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Insurance products</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135,824</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136,074</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118,502</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Excludes balances from securitization funds. </P></TD></TR></TABLE>
<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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_43"></A>37.</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="#094fa4">Interest income and expense </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">37.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Interest income </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the interest and similar income recognized in the accompanying consolidated income statement is 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:7.5pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Interest Income</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT
 COLOR="#fcfcfc"><B>Breakdown by Origin</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Central Banks</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">229</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">140</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">132</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">217</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">260</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">235</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to customers</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21,608</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,200</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,565</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">General governments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">408</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">550</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">693</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Resident sector</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,983</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,360</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,754</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non resident sector</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,217</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,290</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,118</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt securities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,128</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,792</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,486</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Held for trading</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,014</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">981</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,134</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Available-for-sale financial assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,114</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,810</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,352</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Adjustments of income as a result of hedging transactions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(385)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(382)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(321)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Cash flow hedges (effective portion)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Fair value hedges</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(397)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(429)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(327)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Insurance activity</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,219</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,152</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,199</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other income</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">692</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">621</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">542</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27,708</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,783</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,838</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:30pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amounts recognized in consolidated equity in connection with hedging derivatives and the amounts derecognized from
consolidated equity and taken to the consolidated income statement during both periods are given in the accompanying &#147;Consolidated statements of recognized income and expenses&#148;. </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">F-166 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">37.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Interest expense </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The breakdown of the balance under this heading in the accompanying consolidated income statements is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="99%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="67%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Interest Expenses</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT
 COLOR="#fcfcfc"><B>Breakdown by Origin</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Central banks</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">192</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">138</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Deposits from credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,367</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,186</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,012</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Customers deposits</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,766</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,340</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,246</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt securities issued</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,323</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,548</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,546</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Adjustments of expenses as a result of hedging transactions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(574)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(859)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(930)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Cash flow hedges (effective portion)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(16)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(18)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Fair value hedges</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(616)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(844)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(912)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Cost attributable to pension funds (Note 25)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">96</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">108</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">172</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Insurance activity</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">846</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">816</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">912</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other expenses</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">634</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">484</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">436</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,648</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,761</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,456</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">37.3</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Average return on investments and average borrowing cost </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The detail of the average return on investments in the years ended December&nbsp;31, 2016, 2015 and 2014 is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="95%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:5.5pt" ALIGN="center">


<TR>
<TD WIDTH="41%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="17" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Assets</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Average</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Balances&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Interest</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;income&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Average</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Interest&nbsp;Rates&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(%)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Average</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;Balances&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Interest</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;income&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Average</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Interest&nbsp;Rates&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(%)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Average</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Balances&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Interest</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;income&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Average</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Interest&nbsp;Rates&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(%)</B></FONT></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Cash and balances with central banks and other demand deposits</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26,209&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.04&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,542&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.01&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,219&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.02&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Securities portfolio and derivatives</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">202,388&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,072&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.51&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">211,589&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,673&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.21&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">181,762&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,505&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.48&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and advances to central banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,326&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">229&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.50&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,004&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">140&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.17&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,745&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">132&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.12&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and advances to credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,078&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">218&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.78&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,171&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">270&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.99&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,811&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">234&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.03&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and advances to customers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">410,895&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21,853&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5.32&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">382,125&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,471&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5.10&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">328,183&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,803&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5.42&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Euros</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">201,967&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,750&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.86&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">196,987&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,301&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.18&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">186,965&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,843&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.59&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Foreign currency</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">208,928&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,104&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8.67&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">185,139&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,170&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8.19&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">141,218&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,960&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9.18&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">52,748&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">325&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.62&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">49,128&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">226&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.46&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,686&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">159&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.39&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Totals</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>735,645&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>27,708&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3.77&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>705,559&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>24,783&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3.51&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>600,407&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22,838&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3.80&nbsp;&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The average borrowing cost in the years ended December&nbsp;31, 2016, 2015 and 2014 is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="95%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:5.5pt" ALIGN="center">


<TR>
<TD WIDTH="37%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="17" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Assets</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Average</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Balances&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Interest</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;expenses&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Average</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;Interest&nbsp;Rates&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(%)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Average</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;Balances&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Interest</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;expenses&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Average</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;Interest&nbsp;Rates&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(%)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Average</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Balances&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Interest</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;income&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Average</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Interest&nbsp;Rates</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(%)</B></FONT></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Deposits from central banks and credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">101,975&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,866&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.83&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">99,289</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,559&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.57&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">81,860&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,292&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.58&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Customer deposits</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">398,851&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,944&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.49&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">366,249</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,390&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.20&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">307,705&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,335&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.41&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Euros</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">195,310&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">766&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.39&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">187,721</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,024&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.55&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">160,946&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,725&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.07&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Foreign currency</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">203,541&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,178&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.54&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">178,528</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,366&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.89&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">146,759&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,610&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.78&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt securities issued</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">89,876&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,738&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.93&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">89,672</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,875&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.09&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">80,132&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,831&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.29&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other liabilities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">89,328&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,101&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.23&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">96,049</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">936&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.97&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">83,620&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">998&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.19&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Equity</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">55,616&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54,300</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47,091&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Totals</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>735,645&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10,648&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1.45&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>705,559</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,761&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1.24&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>600,407&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,456&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1.41&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">F-167 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The change in the balance under the headings &#147;Interest and similar income&#148; and &#147;Interest and
similar expenses&#148; in the accompanying consolidated income statements is the result of exchange rate effect, changing prices (price effect) and changing volume of activity (volume effect), as can be seen below: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD></TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
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<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
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<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>2016&nbsp;/&nbsp;2015</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>2015&nbsp;/&nbsp;2014</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Interest Income and Expenses</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT
 COLOR="#fcfcfc"><B>Change in the Balance</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Volume</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Effect&nbsp;(1)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Price</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Effect&nbsp;(2)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total&nbsp;Effect</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Volume</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Effect&nbsp;(1)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Price</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Effect&nbsp;(2)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total&nbsp;Effect</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Cash and balances with central banks and other demand deposits</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Securities portfolio and derivatives</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(203</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">602</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">399</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">739</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(572</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">168</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to Central Banks</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">51</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">89</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(61</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(52</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">45</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to customers</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,466</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">916</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,382</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,926</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,258</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,668</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">In Euros</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">109</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(660</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(552</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">260</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(801</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(542</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">In other currencies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,949</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;985</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,934</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,031</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,821</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,210</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">82</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">99</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Interest income</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #ffffff" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,925</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #ffffff" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,945</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Deposits from central banks and credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">265</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">307</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">275</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">267</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Customer deposits</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">391</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,162</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,553</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">825</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(769</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">56</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Domestic</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(300</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(258</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">287</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(988</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(701</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Foreign</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">472</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,340</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,812</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">565</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">192</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">757</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt securities issued</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(142</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(137</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">218</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(174</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other liabilities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(66</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">230</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">165</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">148</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(210</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(62</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Interest expenses</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,888</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>305</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Net Interest Income</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #ffffff" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,037</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" STYLE="BORDER-RIGHT:1.50pt solid #ffffff" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,641</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">The volume effect is calculated as the result of the interest rate of the initial period multiplied by the difference
between the average balances of both periods. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">The price effect is calculated as the result of the average balance of the last period multiplied by the difference
between the interest rates of both periods. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_44"></A>38.</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="#094fa4">Dividend income </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The balances for this heading in the accompanying consolidated income statements correspond to dividends on shares and equity instruments other than
those from shares in entities accounted for using the equity method (see Note 39), as can be seen in the breakdown below: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="95%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="77%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions&nbsp;of&nbsp;Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Dividend Income</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Dividends from:</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial assets held for trading</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">156</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">144</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">137</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Available-for-sale financial assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">307</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">271</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">394</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px dotted #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;467</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px dotted #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px dotted #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-168 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_45"></A>39.</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="#094fa4">Share of profit or loss of entities accounted for using the equity method
</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under the heading &#147;Investments in Entities Accounted for Using the Equity Method&#148;
in the accompanying consolidated income statements is as follows: </P> <P STYLE="font-size:12pt;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:8pt" ALIGN="center">


<TR>
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Investments in Entities Accounted for Using the Equity Method</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2014&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">CIFH</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">71</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Garanti Group</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">167</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">312</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Metrovacesa, S.A.</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(46</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(75</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>25</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>174</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>343</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_46"></A>40.</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="#094fa4">Fee and commission income and expenses </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The breakdown of the balance under this heading in the accompanying consolidated income statements is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="82%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="94%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Fee and Commission Income</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Credit and debit cards</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,679</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,336</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,061</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Asset Management</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">839</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">686</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">594</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Transfers and others payment orders</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">578</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">474</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">329</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Current accounts</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">469</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">405</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">321</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Contingent risks</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">406</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">360</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">297</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Securities fees</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">335</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">283</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">274</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Commitment fees</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">237</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">172</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">184</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Checks</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">207</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">239</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">219</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Insurance product commissions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">178</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">171</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">79</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Custody securities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">122</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">314</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">308</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Bills receivables</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">52</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">94</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">77</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other fees and commissions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">701</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">807</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">787</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,804</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,340</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,530</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Fee and Commission Expenses</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Credit and debit cards</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,334</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,113</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">881</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Transfers and others payment orders</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">102</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">92</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">63</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Commissions for selling insurance</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">63</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">69</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other fees and commissions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">587</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">454</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">360</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,086</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,729</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,356</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-169 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_47"></A>41.</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="#094fa4">Gains (losses) on financial assets and liabilities (net) and Exchange Differences
</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under this heading, by source of the related items, in the accompanying consolidated income
statements is as follows: </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:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions&nbsp;of&nbsp;Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Gains or losses on financial assets and liabilities and exchange differences</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Breakdown by Heading of the Balance Sheet</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Gains or losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,375</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,055</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,439</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Available-for-sale financial assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,271</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">980</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,400</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and receivables</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">95</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">76</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Gains or losses on financial assets and liabilities held for trading, net</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">248</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(409)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Gains or losses on financial assets and liabilities designated at fair value through profit or loss, net</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">114</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">126</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Gains or losses from hedge accounting, net</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(76)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">93</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(47)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal Gains or losses on financial assets and liabilities</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,661</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>865</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,435</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Exchange Differences</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">472</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,165</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">699</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,133</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,030</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,134</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance (excluding exchange rate differences) under this heading in the accompanying income
statements by the nature of financial instruments is as follows: </P> <P STYLE="font-size:12pt;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:9pt" ALIGN="center">


<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions&nbsp;of&nbsp;Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Gains or losses on financial assets and liabilities</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Breakdown by nature of the Financial Instrument</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt instruments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">906</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">522</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,683</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Equity instruments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">459</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(414)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">345</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to customers</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">65</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">88</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Derivatives - Hedge accounting</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">109</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">561</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(648)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Costumer deposits</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">87</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">83</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-size:9pt" COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,661</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;865</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,435</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-170 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance of the impact of the derivatives (trading and hedging) under this heading in
the accompanying consolidated income statements is as follows: </P> <P STYLE="font-size:12pt;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:9pt" ALIGN="center">


<TR>
<TD WIDTH="66%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Derivatives - Hedge accounting</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Derivatives</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Interest rate agreements</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">431</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">666</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(429)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Security agreements</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">86</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">751</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Commodity agreements</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(29)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit derivative agreements</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(118)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">76</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Foreign-exchange agreements</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">186</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,001)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(285)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other agreements</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(371)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;468</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(601)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Hedging Derivatives Ineffectiveness</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Fair value hedges</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(76)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">80</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(47)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Hedging derivative</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(330)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(28)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(488)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Hedged item</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">254</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">108</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">441</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Cash flow hedges</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Subtotal</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(76)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">93</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(47)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>109</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>561</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(648)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In addition, in the years ended December&nbsp;31, 2016, 2015 and 2014, under the heading &#147;Gains or losses on
financial assets and liabilities held for trading, net&#148; of the consolidated income statement, net amounts of positive <FONT STYLE="font-family:Times New Roman">&#128;</FONT>151&nbsp;million, positive
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>135&nbsp;million, and positive <FONT STYLE="font-family:Times New Roman">&#128;</FONT>39&nbsp;million, respectively were recognized for transactions with foreign exchange trading derivatives.
</P> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_48"></A>42.</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="#094fa4">Other operating income and expenses </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under the heading &#147;Other operating income&#148; in the accompanying consolidated income statements is as follows: </P>
<P STYLE="font-size:12pt;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:9pt" ALIGN="center">


<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Other operating income</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Financial income from non-financial services</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">882</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">912</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">650</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Of which: Real estate companies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">588</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">668</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">464</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Rest of other operating income</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">390</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">403</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">309</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Of which: from rented buildings</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">76</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">90</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">65</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,272</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,315</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;959</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under the heading &#147;Other operating expenses&#148; in the accompanying consolidated
income statements is as follows: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Other operating expenses</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Change in inventories</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">617</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">678</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">506</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Of Which: Real estate companies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">511</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">594</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">448</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of other operating expenses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,511</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,607</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,200</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,128</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,285</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,706</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-171 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_49"></A>43.</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="#094fa4">Insurance and reinsurance contracts income and expenses </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under the headings &#147;Insurance and reinsurance contracts incomes and expenses&#148; in the accompanying consolidated
income statements is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="97%" 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></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Other operating income and expenses on insurance and reinsurance<BR>contracts</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Income on insurance and reinsurance contracts</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,652</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,678</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,622</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Expenses on insurance and reinsurance contracts</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2,545</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2,599</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2,714</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,107</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,080</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>908</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The table below shows the contribution of each insurance product to the Group&#146;s income for the year ended
December&nbsp;31, 2016, 2015 and 2014: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="97%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt" ALIGN="center">


<TR>
<TD WIDTH="94%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Income by type of insurance product</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Life insurance</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">634</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">670</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">599</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Individual</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">268</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">329</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">272</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Savings</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">80</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Risk</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">238</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">249</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">205</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Group insurance</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">366</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">342</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">327</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Savings</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">90</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Risk</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">357</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">320</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">237</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Non-Life insurance</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">474</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">409</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">309</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Home insurance</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">131</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">127</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">117</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other non-life insurance products</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">342</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">283</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">192</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,107</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,080</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;908</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_50"></A>44.</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="#094fa4">Administration costs </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">44.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Personnel expenses </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under this heading in the accompanying consolidated income statements is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="97%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="67%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Personnel Expenses</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Wages and salaries</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,267</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,868</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,108</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Social security costs</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">784</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">733</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">683</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Defined contribution plan expense</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">87</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">84</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">63</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Defined benefit plan expense</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">57</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">58</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other personnel expenses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">516</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">531</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">498</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,722</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,273</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,410</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-172 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the average number of employees in the BBVA Group in the years ended December&nbsp;31,
2016, 2015 and 2014 by professional categories and geographical areas, is 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="67%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Average Number of Employees</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Average Number of Employees<BR>by Geographical Areas</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Spanish banks</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Management Team</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,044</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,026</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,079</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other line personnel</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,211</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,702</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21,452</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Clerical staff</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,730</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,033</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,793</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Branches abroad</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">718</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">747</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">758</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Subtotal (*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,703</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,508</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,081</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Companies abroad</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30,378</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29,711</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,798</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,710</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,969</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,193</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey (*)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,900</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,814</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Venezuela</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,097</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,183</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,221</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Argentina</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,041</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,681</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,368</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Colombia</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,714</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,628</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,464</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Peru</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,455</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,357</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,312</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,037</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,676</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,829</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Subtotal</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">91,332</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">78,019</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">65,184</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Pension fund managers</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">335</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">332</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">278</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other non-banking companies</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,307</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,337</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,695</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136,677</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124,196</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109,239</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Of Which:</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Men</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62,738</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">57,841</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">51,724</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Women</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">73,939</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">66,355</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">57,515</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Of Which:</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25,979</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25,475</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,062</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Increases due to changes of scope (see Note 3). </P></TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the number of employees in the BBVA Group as of December&nbsp;31, 2016, 2015 and 2014 by category and gender, is 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:8pt" ALIGN="center">


<TR>
<TD WIDTH="52%"></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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Number of Employees at the period end</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Professional Category and Gender</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Male</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Female</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Male</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Female</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Male</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Female</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Management Team</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,331</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">350</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,493</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">365</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,579</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">358</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other line personnel</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38,514</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39,213</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38,204</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38,868</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24,103</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21,845</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Clerical staff</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,066</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33,318</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,854</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35,184</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25,601</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35,284</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;61,911</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;72,881</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;63,551</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;74,417</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;51,283</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;57,487</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">44.1.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:12pt"><FONT COLOR="#009ee5">Share-based employee remuneration </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amounts recognized under the heading &#147;Administration costs - Personnel expenses&#148; in the consolidated income statements for the years ended
December&nbsp;31, 2016, 2015 and 2014 corresponding to the plans for remuneration based on equity instruments in each year, amounted to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>57,
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>38 and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>68&nbsp;million, respectively. These amounts have been recognized with a corresponding entry under the heading
&#147;Shareholders&#146; funds - Other equity instruments&#148; in the accompanying consolidated balance sheets, net of tax effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The
characteristics of the Group&#146;s remuneration plans based on equity instruments are described below. </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">F-173 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">System of Variable Remuneration in Shares </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In BBVA, the annual variable remuneration applying to all employees consists of a one incentive only, paid in cash, awarded once a year and linked to
the achievement of previously established goals and to a sound risk management based on the design of incentives that are aligned with the company&#146;s long-term interests and that take into account current and future risks (hereinafter, the
&#147;Annual Variable Remuneration&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Nevertheless, the remuneration policy of the BBVA Group, in force since 2015, has a specific settlement
and payment scheme of the Annual Variable Remuneration applicable to those employees, including the executive directors and members of the BBVA Senior Management, performing professional activities that may have a significant impact on the risk
profile of the Group or engaged in control functions (hereinafter, the &#147;Identified Staff&#148;), that includes, among others, the payment in shares of part of their Annual Variable Remuneration. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">This remuneration policy was approved for the directors by the Annual General Meeting, March&nbsp;13, 2015. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The specific settlement and payment scheme for the Annual Variable Remuneration of executive directors and members of the Senior Management is described
in Note 54, while the rules listed below are applicable to the rest of the Identified Staff: </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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 Annual Variable Remuneration of members of the Identified Staff will be paid in equal parts in cash and BBVA shares.
</P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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 payment of 40% of the Annual Variable Remuneration, - 50% in the case of the executive directors and the members of
the Senior Management - both in cash and in shares, will be deferred in its entirety for three years. Its accrual and payment will be subject to compliance with a series of multi-year indicators related to share performance and the Group&#146;s
basic control and risk management metrics measuring solvency, liquidity and profitability, which will be calculated throughout the deferral period (hereinafter &#147;Multi-year Performance Indicators&#148;). These Multi-year Performance Indicators
may lead to a reduction in the amount deferred, and might even bring it down to zero, but they will not be used under any circumstances to increase the aforementioned deferred remuneration. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">All the shares delivered to these beneficiaries would be unavailable for a period of time after they have vested,
according to the rules explained in the previous paragraph. This withholding will be applied against the net amount of the shares, after deducting any tax accruing on the shares received. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">A prohibition is also established against hedging with unavailable vested shares and shares pending reception.
</P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Moreover, circumstances have been established in which the payment of the deferred Annual Variable Remuneration may be
limited or impeded (&#147;malus&#148; clauses), as well as the adjustment to update these deferred parts. </P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#009ee5">&#183;</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">Finally, the variable component of the remuneration corresponding to any one financial year of those in the Identified
Staff will be limited to an upper threshold of 100% of the fixed component of the total remuneration, unless the General Meeting should resolve to raise this limit which, in any event, may not exceed 200% of the fixed component of the total
remuneration. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In this regard, the Annual General Meeting held on March&nbsp;14, 2014 resolved, in line with applicable
legislation, the application of the maximum level of variable remuneration up to 200% of the fixed remuneration for a specific group of employees whose professional activities have a material impact on the Group&#146;s risk profile or are engaged in
control functions. Additionally, the General Meeting held on March&nbsp;13, 2015, resolved to enlarge this group, whose variable remuneration will be subject to the maximum threshold of 200% of the fixed component of their total remuneration. This
is entirely consistent with the Recommendations Report issued by the BBVA&#146;s Board of Directors on February&nbsp;3, 2015. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">According to the
settlement and payment scheme mentioned above, in 2016 a number of 5,187,750 shares corresponding to the initial payment of 2015 Annual Variable Remuneration were delivered to the beneficiary members of the Identified Staff. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Additionally, the remuneration policy prevailing until 2014 provided a specific settlement and payment scheme for the variable remuneration of the
Identified Staff that established a deferral period of three years for the Annual Variable Remuneration, being the deferred amount paid in thirds over this period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">According to this prior scheme, in 2016 the shares corresponding to the deferred parts of the Annual Variable Remuneration paid in shares from previous
years, and their corresponding adjustments in cash, were delivered to the beneficiary members of the Identified Staff, giving rise in 2016, of a total of 945,053 shares corresponding to the first deferred third of the 2014 Annual Variable
Remuneration were granted, and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>349,670 as adjustments </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">F-174 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">
for updates of the shares granted; a total of 438,082 shares corresponding to the second deferred third of the 2013 Annual Variable Remuneration, and
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>340,828 in adjustments for updates; and a total of 502,622 shares corresponding to the final third of the 2012 Annual Variable Remuneration, with
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>551,879 in adjustments for updates. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Likewise, in 2016 the Identified Staff received the
shares corresponding to the deferred parts of the long-term incentive programmes in the United States, as outlined below: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">When the term of the
Long-Term Incentive 2010-2012 Plan for the BBVA Compass Management Team ended, on December&nbsp;31, 2012, it was settled pursuant to the conditions established when it began. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">For those beneficiaries of this programme who are members of the Identified Staff, it was agreed that the same settlement and payment rules would be
applied mentioned above, in line with the remuneration policy in force prior to 2015 which established a payment of the deferred amount in thirds over the deferral period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Thus, in 2016 those beneficiaries who are members of the Identified Staff in BBVA Compass have been awarded 6,314 shares, corresponding to the last
third of the deferred part of the shares resulting from the settlement of the 2010-2012 Long-Term Incentive Share Plan, and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>6,933 in the adjustment to the updated share value. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Additionally, BBVA Compass&#146; remuneration structure includes long-term incentive programmes for remuneration in shares for employees in certain key
positions. These plans run over a three-year term. On December&nbsp;31, 2016 there is one programme in force (2014-2016). In 2016, 206,190 shares corresponding to this programme were delivered. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">44.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Other administrative expenses </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The breakdown of the balance under this heading in the accompanying consolidated income statements is as follows: </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:ARIAL; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Other Administrative Expenses</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Technology and systems</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">673</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">625</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">585</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Communications</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">294</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">281</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">271</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Advertising</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">398</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">387</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">333</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Property, fixtures and materials</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,080</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,030</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">916</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Of which: Rent expenses (*)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">616</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">591</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">461</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Taxes other than income tax</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">433</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">466</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">418</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other expenses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,766</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,775</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,480</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,644</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,563</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,004</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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 consolidated companies do not expect to terminate the lease contracts early. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_51"></A>45.</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="#094fa4">Depreciation </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under this heading in the accompanying consolidated income statements is as follows: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Depreciation</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Tangible assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">690</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">641</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">611</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">For own use</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">667</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">615</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">589</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Investment properties</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Assets leased out under financial lease</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other Intangible assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">18.2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">735</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">631</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">535</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,426</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,272</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,145</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-175 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_52"></A>46.</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="#094fa4">Provisions or reversal of provisions </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the years ended December&nbsp;31, 2016, 2015 and 2014 the net provisions registered in this income statement line item were 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:8pt" ALIGN="center">


<TR>
<TD WIDTH="67%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Provisions or reversal of provisions</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Pensions and other post employment defined benefit obligations</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">332</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">592</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">816</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other long term employee benefits</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Commitments and guarantees given</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">56</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Pending legal issues and tax litigation</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">24</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">76</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(25)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">94</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other Provisions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">722</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">154</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">218</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,186</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;731</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,142</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_53"></A>47.</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="#094fa4">Impairment or reversal of impairment on financial assets not measured at fair value through profit
or loss </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of Impairment or reversal of impairment on financial assets not measured at fair value through
profit or loss by the nature of those assets in the accompanying consolidated income statements is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="97%" 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></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Impairment or reversal of impairment on financial assets not</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>measured at fair value through profit or loss</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Financial assets measured at cost</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Available-for-sale financial assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">202</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">157</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and receivables</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">7.3.5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,597</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,248</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,304</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Of which: Recovery of written-off assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">&nbsp;&nbsp;7.3.5&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">541</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">490</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">443</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Held to maturity investments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,801</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,272</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,340</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_54"></A>48.</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="#094fa4">Impairment or reversal of impairment on non-financial assets </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The impairment losses on non-financial assets broken down by the nature of those assets in the accompanying consolidated income statements are as
follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="97%" 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></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Impairment or reversal of impairment on non-financial assets</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Tangible assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">143</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">60</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">97</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Intangible assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">&nbsp;&nbsp;18.2&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Others</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">375</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">209</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">192</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;273</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;297</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-176 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_55"></A>49.</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="#094fa4">Gains (losses) on derecognition of non financial assets and subsidiaries, net
</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance under this heading in the accompanying consolidated income statements is 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:8.5pt" ALIGN="center">


<TR>
<TD WIDTH="69%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Gains or losses on derecognition of non-financial assets and</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>investments in subsidiaries, joint ventures and associates,
net</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Gains</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Disposal of investments in subsidiaries</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">111</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Disposal of tangible assets and other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">64</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">71</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Losses:</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Disposal of investments in subsidiaries</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(58</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2,222</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Disposal of tangible assets and other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(47</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,135</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 Group because of the change in the consolidation method (see Note 3). </P> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_56"></A>50.</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="#094fa4">Profit or loss from non-current assets and disposal groups classified as held for sale not
qualifying as discontinued operations </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The main items included in the balance under this heading in the accompanying
consolidated income statements are as follows: </P> <P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<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;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<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;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Profit or loss from non-current assets and disposal groups</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>classified as held for sale not qualifying as discontinued</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>operations</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Notes&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Gains on sale of real estate</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">66</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">97</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Impairment of non-current assets held for sale</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">21&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(136</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(285</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(406</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Gains on sale of investments classified as non current assets held for sale</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(42</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Gains on sale of equity instruments classified as non current assets held for sale (*)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">877</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(31</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>734</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(453</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="3%">&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">Includes various sales in CNCB (see Note 3) </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_57"></A>51.</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="#094fa4">Consolidated statements of cash flows </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Cash flows from operating activities decreased in the year ended December&nbsp;31, 2016 by
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>16,478&nbsp;million (compared with an increase of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>29,289&nbsp;million in 2015, respectively). The most significant reason for the change
occurred under the heading &#147;Financial liabilities at amortized cost&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The variances in cash flows from investing activities increased in
the year ended December&nbsp;31, 2016 by <FONT STYLE="font-family:Times New Roman">&#128;</FONT>3,851&nbsp;million (compared with a decrease of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>3,260&nbsp;million in 2015, respectively). The
most significant reason for the change occurred under the heading &#147;Investments in subsidiaries, joint ventures and associates&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The
variances in cash flows from financing activities decreased in the year ended December&nbsp;31, 2016 by <FONT STYLE="font-family:Times New Roman">&#128;</FONT>1,240&nbsp;million (compared with a decrease of
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>3,030&nbsp;million in 2015, respectively). The most significant reason for the change occurred under the heading &#147;Financial liabilities at amortized cost&#148;. </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">F-177 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_58"></A>52.</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="#094fa4">Accountant fees and services </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The details of the fees for the services contracted by entities of the BBVA Group in the year ended December&nbsp;31, 2016 with their respective
auditors and other audit entities are as follows: </P> <P STYLE="font-size:12pt;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:9pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="17%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;Millions&nbsp;of&nbsp;Euros&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Fees for Audits Conducted</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Audits of the companies audited by firms belonging to the Deloitte worldwide organization and other reports related with the audit (*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26.5&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other reports required pursuant to applicable legislation and tax regulations issued by the national supervisory bodies of the countries in which the Group operates, reviewed by firms belonging to the Deloitte
worldwide organization</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3.6&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Fees for audits conducted by other firms</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.8&nbsp;</FONT></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:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Including fees pertaining to annual statutory audits (<FONT STYLE="font-family:Times New Roman">&#128;</FONT>20.7 million
in 2016). </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the year ended December&nbsp;31, 2016, other entities in the BBVA Group contracted other services (other than
audits) as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="86%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="17%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;Millions&nbsp;of&nbsp;Euros&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Other Services Contracted</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Firms belonging to the Deloitte worldwide organization</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.1&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other firms</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30.1&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The services provided by the auditors meet the independence requirements established under Audit of Accounts Law RD
1/2011 and under the Sarbanes-Oxley Act of 2002 adopted by the Securities and Exchange Commission (SEC); accordingly they do not include the performance of any work that is incompatible with the auditing function. </P>
<P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_59"></A>53.</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="#094fa4">Related-party transactions </FONT></P></TD></TR></TABLE>
<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 not material and are carried out under normal market conditions. As date of December&nbsp;31, 2016, 2015 and 2014, the following are the transactions with related parties: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">53.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Transactions with significant shareholders </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, there were no shareholders considered significant (see Note 26). </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">53.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Transactions with BBVA Group entities </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The balances of the main aggregates in the accompanying consolidated balance sheets arising from the transactions carried out by the BBVA Group with
associates and joint venture entities accounted for using the equity method 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:8pt" ALIGN="center">


<TR>
<TD WIDTH="70%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions&nbsp;of&nbsp;euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Balances arising from transactions with Entities of the Group</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Assets:</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and advances to credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">69</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">109</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">835</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and advances to customers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">442</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">710</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">639</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Liabilities:</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Deposits from credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">144</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Customer deposits</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">533</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">449</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">332</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt certificates</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Memorandum accounts:</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial guarantees given</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,586</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,671</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Contingent commitments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">108</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&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">F-178 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The balances of the main aggregates in the accompanying consolidated income statements resulting from
transactions with associates and joint venture entities that are accounted for under the equity method 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:8pt" ALIGN="center">


<TR>
<TD WIDTH="70%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Balances of Income Statement arising from transactions with</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:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Entities of the Group</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Income statement:</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial incomes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">55</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial costs</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Fee and Commission Income</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Fee and Commission Expenses</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">There were no other material effects in the consolidated financial statements arising from dealings with these entities,
other than the effects from using the equity method (see Note 2.1) and from the insurance policies to cover pension or similar commitments, as described in Note 25; and the futures transactions arranged by BBVA Group with these entities, associates
and joint ventures. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In addition, as part of its normal activity, the BBVA Group has entered into agreements and commitments of various types with
shareholders of subsidiaries and associates, which have no material effects on the accompanying consolidated financial statements. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">53.3</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Transactions with members of the Board of Directors and Senior Management
</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The information on the remuneration of the members of the BBVA Board of Directors and Senior Management is included in
Note 54. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, there were no loans granted by the Group&#146;s entities to the members of the Board of Directors. As of
December&nbsp;31, 2015 and 2014 the amount availed against the loans by the Group&#146;s entities to the members of the Board of Directors was <FONT STYLE="font-family:Times New Roman">&#128;</FONT>200 and
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>235&nbsp;thousand, respectively. The amount availed against the loans by the Group&#146;s entities to the members of Senior Management on those same dates (excluding the executive directors)
amounted to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>5,573, <FONT STYLE="font-family:Times New Roman">&#128;</FONT>6,641 and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>4,614&nbsp;thousand, respectively. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, there were no loans granted to parties related to the members of the Board of Directors. As of December&nbsp;31, 2015, the
amount availed against the loans to parties related to the members of the Bank&#146;s Board of Directors was <FONT STYLE="font-family:Times New Roman">&#128;</FONT>10,000&nbsp;thousand, and as of December&nbsp;31, 2014 there were no loans granted to
parties related to the members of the Board of Directors. As of December&nbsp;31, 2016, 2015 and 2014 the amount availed against the loans to parties related to members of the Senior Management amounted to
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>98, <FONT STYLE="font-family:Times New Roman">&#128;</FONT>113 and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>291&nbsp;thousand, respectively. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, 2015 and 2014 no guarantees had been granted to any member of the Board of Directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, the amount availed against guarantees arranged with members of the Senior Management totaled <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>28 thousand. As of December&nbsp;31, 2015 and 2014 no guarantees had been granted to any member of the Senior Management </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, 2015 and 2014 the amount availed against commercial loans and guarantees arranged with parties related to the members of
the Bank&#146;s Board of Directors and the Senior Management totaled <FONT STYLE="font-family:Times New Roman">&#128;</FONT>8, <FONT STYLE="font-family:Times New Roman">&#128;</FONT>1,679 and
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>419&nbsp;thousand, respectively. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">53.4</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Transactions with other related parties </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the years ended December&nbsp;31, 2016, 2015 and 2014 the Group did not conduct any transactions with other related parties that are not in the
ordinary course of its business, which were carried out at arm&#146;s-length market conditions and of marginal relevance; whose information is not necessary to give a true picture of the BBVA Group&#146;s consolidated net equity, result of
operations and financial condition. </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">F-179 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_60"></A>54.</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="#094fa4">Remuneration and other benefits received by the Board of Directors and members of the Bank&#146;s
Senior Management </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#009ee5">&#183;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Remuneration of
non-executive directors received in 2016 </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The remuneration paid to the non-executive members of the Board of Directors during 2016 is
indicated below. The figures are given individually for each non-executive director and itemised: </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:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="31%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></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="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="15"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Thousands of Euros</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Remuneration for non-executive</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>directors</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Board&nbsp;of<BR>&nbsp;&nbsp;&nbsp;Directors&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Executive</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;Committee&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Audit &amp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;Compliance&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Committee</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Risks</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;Committee&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;Remuneration&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Committee</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;Appointments&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Committee</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;Technology&nbsp;and&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Cybersecurity</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>Committee</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Tom&aacute;s Alfaro Drake</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">129</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">71</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">102</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">338&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Jos&eacute; Miguel Andr&eacute;s Torrecillas</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">129</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">179</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">107</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">445&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Jos&eacute; Antonio Fern&aacute;ndez Rivero</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">129</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">125</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">350&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Bel&eacute;n Garijo L&oacute;pez</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">129</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">71</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">232&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Sunir Kumar Kapoor (1)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">107</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">132&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Carlos Loring Mart&iacute;nez de Irujo</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">129</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">125</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">80</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">379&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Lourdes M&aacute;iz Carro</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">129</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">71</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">231&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Jos&eacute; Maldonado Ramos</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">129</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">167</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">336&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Jos&eacute; Luis Palao Garc&iacute;a-Suelto</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">129</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">107</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">278&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Juan Pi Llorens</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">129</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">91</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">325&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Susana Rodr&iacute;guez Vidarte</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">129</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">167</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">107</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">443&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">James Andrew Stott (2)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">107</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">160</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">325&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total (3)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,502</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>584</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>464</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>642</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>257</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>265</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>100</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,813&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 style = "page-break-inside:avoid">
<TD WIDTH="3%" 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">Sunir Kumar Kappor was appointed director upon resolution of the General Meeting held on 11&nbsp;March 2016.
</P></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 style = "page-break-inside:avoid">
<TD WIDTH="3%" 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">James Andrew Stott was appointed director upon resolution of the General Meeting held on 11&nbsp;March 2016.
</P></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 style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Includes the amounts as members of the different Committees during 2016. The composition of the Committees was changed in
31&nbsp;March 2016. </P></TD></TR></TABLE> <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 style = "page-break-inside:avoid">
<TD WIDTH="3%" 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">In addition, Ram&oacute;n Bustamante y de la Mora and Ignacio Ferrero Jordi, who ceased as directors on 11&nbsp;March
2016, received in 2016 the total amount of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>70&nbsp;thousand and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>85&nbsp;thousand, respectively, as members of the Board of Directors and
the different Board Committees. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Moreover, during 2016, <FONT STYLE="font-family:Times New Roman">&#128;</FONT>132&nbsp;thousand
was paid in healthcare and casualty insurance premiums for non-executive members of the Board of Directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1"><FONT
STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#009ee5">&#183;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Remuneration of executive directors received in 2016 </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:ARIAL" ALIGN="justify">The remuneration scheme for the executive directors is in line with the general model applicable to BBVA senior managers. This comprises
a fixed remuneration and a variable remuneration, which is in turn made up of a single incentive (hereinafter the &#147;Annual Variable Remuneration&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Thus, during 2016, the executive directors were paid the amount of fixed remuneration corresponding to that year and the Annual Variable
Remuneration corresponding to 2015, paid during the first quarter of the year 2016, according to the settlement and payment system set out in the current Remuneration Policy for BBVA Directors as approved by the General Meeting held on 13&nbsp;March
2015 (hereinafter, the &#147;Settlement and Payment System&#148;). The Settlement and Payment System provides that: </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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The Annual Variable Remuneration will be paid in equal parts in cash and in BBVA shares. </P></TD></TR></TABLE>
<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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">50% of the Annual Variable Remuneration, in cash and in shares, will be deferred in its entirety for a three-year
period, and its accrual and vesting shall be subject to compliance with a series of multi-year indicators. </P></TD></TR></TABLE> <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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">All the shares vested under the rules explained in the previous paragraphs would be unavailable for the period of time
determined by the Board of Directors, as from the respective vesting. This withholding will be applied with respect to the net amount of the shares, after discounting the necessary part to pay the tax accruing on the shares received.
</P></TD></TR></TABLE> <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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">No hedging strategies may be carried out on the shares received and unavailable or on the shares pending to be received.
</P></TD></TR></TABLE> <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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Moreover, circumstances have been established in which disbursement of the Annual Variable Remuneration may be limited
or impeded (&#147;malus&#148; clauses). </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">F-180 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The deferred parts of the Annual Variable Remuneration would be adjusted to update them under the terms established by
the Board of Directors. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Likewise, in application of the settlement and payment system of the Annual Variable Remuneration
corresponding to years 2014, 2013 and 2012, under the applicable policy for those years, the executive directors have received the deferred parts of the Annual Variable Remuneration corresponding to those years, which vested in the first quarter of
year 2016. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Pursuant to the above, the remuneration paid to the executive directors during 2016 is shown below. The figures are given individually
for each executive director and itemised: </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:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="28%"></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="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom" COLSPAN="15" ALIGN="center"><FONT COLOR="#094fa4"><B>Thousands of Euros</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Remuneration of executive directors</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fixed</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;Remuneration&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015&nbsp;Annual</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Variable</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>&nbsp;Remuneration&nbsp;in&nbsp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>cash (1)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Deferred</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>variable</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>&nbsp;remuneration&nbsp;in&nbsp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>cash (2)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;Cash&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015&nbsp;Annual</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Variable</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;Remuneration&nbsp;in&nbsp;&nbsp;&nbsp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>BBVA shares (1)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;Deferred&nbsp;Variable&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Remuneration in</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>BBVA shares (2)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;Shares&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Group Executive Chairman</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,966</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">897</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">893</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,756</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">135,300</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">103,112</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">238,412&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Chief Executive Officer (*)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,923</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">530</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">240</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,693</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">79,956</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,823</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">107,779&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Head of Global Economics, Regulation&nbsp;&amp; Public Affairs (&#147;Head of GERPA&#148;)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">800</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">98</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">47</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">945</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">14,815</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,449</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">20,264&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,689</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,526</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,180</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,394</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>230,071</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>136,384</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>366,455&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="1%">&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 variable remuneration paid to the Chief Executive Officer, who was appointed for said position on 4&nbsp;May 2015,
includes as well the remuneration vested as Digital Banking Officer during the period in which he held this position (4 months). </P></TD></TR></TABLE> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="1%">&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">Amounts corresponding to 50% of 2015 Annual Variable Remuneration. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="1%">&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">Amounts corresponding to the sum of the deferred parts of the Annual Variable Remuneration from previous years (2014,
2013 and 2012), and their respective cash adjustments; payment or delivery of which was made in 2016, in application of the settlement and payment system, as broken down below: </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:8pt; font-family:ARIAL" ALIGN="justify">- 1st third of deferred Annual Variable Remuneration from 2014 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:3%; font-size:8pt; font-family:ARIAL">Under this item, the executive directors received: <FONT STYLE="font-family:Times New Roman">&#128;</FONT>302&nbsp;thousand and 37,392 BBVA shares in the
case of the Group Executive Chairman; <FONT STYLE="font-family:Times New Roman">&#128;</FONT>95&nbsp;thousand and 11,766 BBVA shares in the case of the Chief Executive Officer; and
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>30&nbsp;thousand and 3,681 BBVA shares in the case of the executive director Head of GERPA. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:8pt; font-family:ARIAL" ALIGN="justify">- 2nd third of deferred Annual Variable Remuneration from 2013 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:3%; font-size:8pt; font-family:ARIAL">Under this item, the executive directors received <FONT STYLE="font-family:Times New Roman">&#128;</FONT>289&nbsp;thousand and 29,557 BBVA shares in the
case of the Group Executive Chairman; <FONT STYLE="font-family:Times New Roman">&#128;</FONT>78&nbsp;thousand and 7,937 BBVA shares in the case of the Chief Executive Officer; and
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>17&nbsp;thousand and 1,768 BBVA shares in the case of the executive director Head of GERPA. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:8pt; font-family:ARIAL" ALIGN="justify">- 3rd third of deferred Annual Variable Remuneration from 2012 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:3%; font-size:8pt; font-family:ARIAL">Under this item, the Group Executive Chairman received <FONT STYLE="font-family:Times New Roman">&#128;</FONT>301&nbsp;thousand and 36,163 BBVA shares,
while the Chief Executive Officer received <FONT STYLE="font-family:Times New Roman">&#128;</FONT>68&nbsp;thousand and 8,120 BBVA shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The
executive directors will receive, during the first quarter of each of the next two years, the deferred amounts that in each case correspond in application of the settlement of the deferred Annual Variable Remuneration from previous years (2014 and
2013), and subject to the conditions established in the applicable settlement and payment system. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Likewise, during 2016, the executive directors
received payment in kind, including insurance premiums and others, amounting to an overall total of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>240&nbsp;thousand, of which
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>17&nbsp;thousand were paid to the Group Executive Chairman; <FONT STYLE="font-family:Times New Roman">&#128;</FONT>139&nbsp;thousand to the Chief Executive Officer; and <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>84&nbsp;thousand to the executive director Head of GERPA. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1"><FONT
STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#009ee5">&#183;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Annual Variable Remuneration for executive directors for the year 2016 </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Following year-end 2016, the Annual Variable Remuneration for the executive directors corresponding to that year has been determined applying the
conditions established for that purpose at the beginning of that year, as set forth in the Remuneration Policy for BBVA Directors as approved by the General Meeting held on 13&nbsp;March 2015. Consequently, during the first quarter of 2017, the
executive directors will receive 50% of the 2016 Annual Variable Remuneration, in equal parts in cash and in shares, i.e., <FONT STYLE="font-family:Times New Roman">&#128;</FONT>734&nbsp;thousand and 114,204 BBVA shares in the case of the Group
Executive Chairman; <FONT STYLE="font-family:Times New Roman">&#128;</FONT>591&nbsp;thousand and 91,915 BBVA shares the case of the Chief Executive Officer; and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>89&nbsp;thousand and 13,768 BBVA
shares the case of the executive director Head of GERPA. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The remaining 50%, in cash and in shares, will be deferred for a three-year period, and
its accrual and vesting will be subject to compliance with multi-year indicators established by the Board of Directors at the beginning of the </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">F-181 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">
year. Based on the result of each multi-year indicator during the deferred period and applying the performance scales assigned to each of them and their weightings, the final deferred amount of
the Annual Variable Remuneration will be determined after the deferred period. The deferred Annual Variable Remuneration may be reduced and even reach zero, but in no event may be increased. To these effect, the maximum amounts that could be
received during the first quarter of 2020 are: <FONT STYLE="font-family:Times New Roman">&#128;</FONT>734&nbsp;thousand and 114,204 BBVA shares the case of the Group Executive Chairman;
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>591&nbsp;thousand and 91,915 BBVA shares the case of the Chief Executive Officer; and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>89&nbsp;thousand and 13,768 BBVA shares the case of
the executive director Head of GERPA; all subject to the settlement and payment conditions established in the Remuneration Policy for BBVA Directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These amounts are recorded under the item &#147;Other Liabilities&#148; of the balance sheet at 31&nbsp;December 2016. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#009ee5">&#183;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Remuneration of the members
of the Senior Management received in 2016 </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">During 2016, the remuneration paid to the members of BBVA&#146;s Senior Management as a whole,
excluding executive directors, is shown below (itemised): </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:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="27%"></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="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom" COLSPAN="15" ALIGN="center"><FONT COLOR="#094fa4"><B>Thousands of Euros</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Remuneration of members of the Senior Management</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fixed</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;Remuneration&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015&nbsp;Annual</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Variable</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>&nbsp;Remuneration&nbsp;in&nbsp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>cash (1)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Deferred</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Variable</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>&nbsp;Remuneration&nbsp;in&nbsp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>cash (2)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;Cash&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015&nbsp;Annual</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Variable</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;Remuneration&nbsp;in&nbsp;&nbsp;&nbsp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>BBVA Shares (1)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;Deferred&nbsp;Variable&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Remuneration in</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>BBVA Shares (2)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;Shares&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Total Members of the Senior Management (*)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11,115</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,457</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,343</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,915</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>370,505</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>155,746</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>526,251&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:3%; font-size:8pt; font-family:ARIAL" ALIGN="justify">(*) This section includes aggregate information regarding the members of BBVA Group&#146;s Senior
Management, excluding executive directors, who were members of the Senior Management as of 31&nbsp;December 2016 (14 members). </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:3%; font-size:8pt; font-family:ARIAL" ALIGN="justify">(1)
Amounts corresponding to 50% of 2015 Annual Variable Remuneration. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:3%; font-size:8pt; font-family:ARIAL" ALIGN="justify">(2) Amounts corresponding to the sum of the deferred parts of the
Annual Variable Remuneration from previous years (2014, 2013, and 2012), and their corresponding cash adjustments; payment or delivery of which was made in 2016, to the members of the Senior Management who had generated this right, as broken down
below: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:8pt; font-family:ARIAL" ALIGN="justify">- 1st third of deferred Annual Variable Remuneration from 2014 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:3%; font-size:8pt; font-family:ARIAL">Overall amount of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>515&nbsp;thousand and 63,862 BBVA shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:8pt; font-family:ARIAL" ALIGN="justify">- 2nd third of deferred Annual Variable Remuneration from 2013 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:3%; font-size:8pt; font-family:ARIAL">Overall amount of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>434&nbsp;thousand and 44,426 BBVA shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:8pt; font-family:ARIAL" ALIGN="justify">- 3rd third of deferred Annual Variable Remuneration from 2012 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:3%; font-size:8pt; font-family:ARIAL">Overall amount of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>395&nbsp;thousand and 47,458 BBVA shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">During the first quarter of each of the next two years, under the applicable settlement and payment system of the variable remuneration, all members of
the Senior Management will receive the corresponding amounts, stemming from the settlement of the deferred Annual Variable Remuneration from previous years (2014 and 2013), and subject to the conditions established in this system. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Moreover, during 2016, all members of the Senior Management, with the exception of the executive directors, received remuneration in kind, including
insurance premiums and others, for a total overall amount of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>664 thousand. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:ARIAL"><FONT
 COLOR="#006ec1"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#009ee5">&#183;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;System of remuneration in shares with deferred delivery for non-executive directors </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">BBVA has a remuneration system in shares with deferred delivery for its non-executive directors, which was approved by the General Meeting held on
18&nbsp;March 2006 and extended under General Meeting resolutions dated 11&nbsp;March 2011 and 11&nbsp;March 2016, for a further 5-year period in each case. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">This System is based on the annual allocation to non-executive directors of a number of &#147;theoretical shares&#148;, equivalent to 20% of the total
remuneration in cash received by each of them in the previous year, according to the closing prices of the BBVA share during the sixty trading sessions prior to the Annual General Meeting approving the corresponding financial statements for each
year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These shares, where applicable, will be delivered to each beneficiary on the date they leave the position as director for any reason other
than dereliction of duty. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The number of &#147;theoretical shares&#148; allocated in 2016 to the non-executive directors beneficiaries of the system
of remuneration in shares with deferred delivery, corresponding to 20% of the total remuneration received in cash by said directors during 2015, is as follows: </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">F-182 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TR>
<TD WIDTH="62%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="18%"></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Theoretical&nbsp;shares&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>allocated in 2016</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;Theoretical&nbsp;shares&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;accumulated to</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;31st&nbsp;December</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;2016</B></FONT></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Tom&aacute;s Alfaro Drake</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,363&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62,452&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Jos&eacute; Miguel Andr&eacute;s Torrecillas</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,808&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,808&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Jos&eacute; Antonio Fern&aacute;ndez Rivero</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,633&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">91,046&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Bel&eacute;n Garijo L&oacute;pez</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,597&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,463&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Carlos Loring Mart&iacute;nez de Irujo</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,127&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">74,970&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Lourdes M&aacute;iz Carro</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,812&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,443&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Jos&eacute; Maldonado Ramos</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,669&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">57,233&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Jos&eacute; Luis Palao Garc&iacute;a-Suelto</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,070&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">51,385&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Juan Pi Llorens</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,179&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32,374&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Susana Rodr&iacute;guez Vidarte</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,605&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">78,606&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total (1)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>102,863&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>485,780&nbsp;</B></FONT></TD></TR>
</TABLE> <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 style = "page-break-inside:avoid">
<TD WIDTH="3%">&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">In addition, in 2016, Ram&oacute;n Bustamante y de la Mora and Ignacio Ferrero Jordi, who ceased as directors on
11&nbsp;March 2016, were allocated 8,709 and 11,151 theoretical shares, respectively. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1"><FONT
STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#009ee5">&#183;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Pension commitments </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The commitments
undertaken regarding pension benefits for the Chief Executive Officer and the executive director Head of GERPA, pursuant to the Company Bylaws and their respective contracts with the Bank include a pension system covering retirement, disability and
death. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Chief Executive Officer&#146;s contractual conditions determine that he will retain the pension system to which he was entitled
previously as senior manager in the Group, with the benefits and the provisions being adjusted to the new remuneration conditions derived from the position that he currently holds. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The executive director Head of GERPA retains the same pension system he has had since his appointment in 2013, which comprises a defined-contributions
system of 20%&nbsp;per year over the fixed remuneration received during that period to cover retirement commitments and provisions covering death and disability. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">To such end, the provisions recorded as of 31&nbsp;December 2016 to cover pension commitments undertaken for the Chief Executive Officer amounted to <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>16,051&nbsp;thousand, of which, during 2016 and according to applicable accounting regulations, <FONT STYLE="font-family:Times New Roman">&#128;</FONT>2,342&nbsp;thousand have been provisioned against
earnings of the year and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>836&nbsp;thousand against equity, in order to adapt the interest rate assumption used for the valuation of pension commitments in Spain. In the case of the executive
director Head of GERPA, the provisions recorded as of 31&nbsp;December 2016 amounted to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>609&nbsp;thousand, of which <FONT STYLE="font-family:Times New Roman">&#128;</FONT>310 have been
provisioned against earnings of the year. In both cases, these amounts include the provisions covering retirement, as well as death and disability. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">There are no other pension obligations in favour of other executive directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The provisions recorded as of 31&nbsp;December 2016 for pension commitments for members of the Senior Management, excluding executive directors,
amounted to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>46,299&nbsp;thousand, of which, during 2016 and according to applicable accounting regulations, <FONT STYLE="font-family:Times New Roman">&#128;</FONT>4,895&nbsp;thousand have been
provisioned against earnings of the year and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>2,226&nbsp;thousand against equity, in order to adapt the interest rate assumption used for the valuation of pension commitments in Spain. These
amounts include the provisions covering retirement, as well as death and disability. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As a result of the entry into force of Circular 2/2016, of the
Bank of Spain to the credit institutions, 15% of the annual contributions agreed to pension systems determined on the basis of the vesting estimated for the financial year corresponding to executive directors and BBVA&#146;s senior managers, will be
based on variable components and will be considered as discretionary pension benefits, and in consequence will be deemed as deferred variable remuneration, subject to the payment and retention conditions provided in the applicable regulations, as
well as malus arrangements and other applicable conditions established to the variable remuneration in the Remuneration Policy for BBVA&#146;s Directors. </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">F-183 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1"><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#009ee5">&#183;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Extinction of contractual
relationship </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Bank has no commitments to pay severance indemnity to executive directors other than to the executive director Head of
GERPA, whose contract includes, as of 31&nbsp;December 2016, his right to receive an indemnity equivalent to two times his fixed remuneration should he cease to hold his position on grounds other than his own will, death, retirement, disability or
dereliction of duty. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The contractual conditions of the Chief Executive Officer with regard to his pension arrangements determine that, as of
31&nbsp;December 2016, in the event of his ceasing to hold his position on grounds other than his own will, retirement, disability or dereliction of duty, he will take early retirement with a pension that he may receive as a lifelong annuity or as a
capital lump sum, at his own choice. The annual amount will be calculated as a function of the provisions which, according to the actuarial criteria applicable at any time, the Bank may have made up to that date to cover the retirement pension
commitments provided for in his contract, without this commitment in any way compelling the Bank to set aside additional provisions. Moreover, this pension may not be greater than 75% of the pensionable base should the event occur before he reaches
the age of 55, or 85% of the pensionable base should the event occur after having reached the age of 55. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">According to the proposal for a new
Remuneration Policy for BBVA&#146;s Directors to be submitted to the next Annual General Shareholders&#146; Meeting in 2017, if approved, the pension scheme and the extinction of contractual relationships of the executive directors, the Chief
Executive Officer and the Head of GERPA will be amended for 2017 and following financial years, in the terms established under such Policy. </P> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_61"></A>55.</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="#094fa4">Other information </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">55.1</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Environmental impact </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Given the activities BBVA Group entities engage in, the Group has no environmental liabilities, expenses, assets, provisions or contingencies that could
have a significant effect on its consolidated equity, financial situation and profits. Consequently, as of December&nbsp;31, 2016, there is no item in the Group&#146;s accompanying consolidated financial statements that requires disclosure in an
environmental information report pursuant to Ministry of Economy Order JUS/206/2009 dated January&nbsp;28, and consequently no specific disclosure of information on environmental matters is included in these financial statements. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">55.2</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Reporting requirements of the Spanish National Securities Market Commission (CNMV)
</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Dividends paid in the year </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The table below presents the dividends per share paid in cash in 2016, 2015 and 2014 (cash basis dividend, regardless of the year in which they were
accrued, but without including other shareholder remuneration, such as the &#147;Dividend Option&#148;). See Note 4 for a complete analysis of all remuneration awarded to shareholders during 2016, 2015 and 2014. </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:6.5pt" ALIGN="center">


<TR>
<TD WIDTH="31%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2016 (*)</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc">Dividends Paid</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL"><FONT
 COLOR="#fcfcfc">(&#147;Dividend&nbsp;Option&#148;&nbsp;not&nbsp;included)</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>%&nbsp;Over<BR>&nbsp;&nbsp;Nominal&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Euros&nbsp;per&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Share</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Amount</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;(Millions&nbsp;of&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Euros)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>%&nbsp;Over</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Nominal&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Euros&nbsp;per&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Share</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Amount</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;(Millions&nbsp;of&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Euros)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>% Over</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Nominal&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Euros&nbsp;per&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Share</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Amount</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;(Millions&nbsp;of&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Euros)</B></FONT></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Ordinary shares</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">16%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">0.08&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,028&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">16%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">0.08&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">504&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">16%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">0.08&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">471&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of shares</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total dividends paid in cash</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>16%&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>0.08&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>1,028&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>16%&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>0.08&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>504&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>16%&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>0.08&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>471&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Dividends with charge to income</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">16%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">0.08&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,028&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">16%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">0.08&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">504&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">16%&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">0.08&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">471&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Dividends with charge to reserve or share premium</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Dividends in kind</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;</FONT></TD></TR>
</TABLE> <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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Corresponding to two payments. </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">F-184 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Earnings and ordinary income by operating segment </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The detail of the consolidated profit for the years ended December&nbsp;31, 2016, 2015 and 2014 for each operating segment is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Profit Attributable by Operating Segments</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Banking Activity in Spain</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">912</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,085</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">858</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Real Estate Activity in Spain</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(595)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(496)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(901)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">599</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">371</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">310</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of Eurasia</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">151</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">75</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">255</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,980</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,094</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,915</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">South America</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">771</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">905</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,001</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">459</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">517</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">428</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal operating segments</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,276</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,551</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,867</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Corporate Center</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(801)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,910)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,249)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Profit attributable to parent company</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,475</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,641</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,618</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non-assigned income</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Elimination of interim income (between segments)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other gains (losses) (*)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,218</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">686</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">464</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Income tax and/or profit from discontinued operations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,699)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,274)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(898)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Operating profit before tax</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,392</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,603</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,980</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:7%; font-size:8pt; font-family:ARIAL" ALIGN="justify">(*) Profit attributable to non-controlling interests. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">For the years ended December&nbsp;31, 2016, 2015 and 2014 the detail of the BBVA Group&#146;s Gross income for each operating segment, which is made up
of the &#147;Interest and similar income&#148;, &#147;Dividend income&#148;, &#147;Fee and commission income&#148;, &#147;Gains (losses) on financial assets and liabilities (net)&#148; and &#147;Other operating income&#148;, is as follows: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:1pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Gross income by Operating Segments</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Banking Activity in Spain</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,445</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,804</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,621</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Real Estate Activity in Spain</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(16</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(220</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey (*)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,257</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,434</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">944</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of Eurasia</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">491</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">473</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">736</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,766</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,069</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,522</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">South America</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,054</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,477</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,191</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">The United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,706</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,652</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,137</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Corporate Center</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(60</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(212</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(575</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Adjustments and eliminations of ordinary profit between segments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(318</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(632</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total Ordinary Profit BBVA Group</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,653</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23,362</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,725</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:7%; font-size:8pt; font-family:ARIAL" ALIGN="justify">(*) The information is presented under management criteria in 2015 and 2014 (see Note 6). </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">F-185 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Interest income by geographical area </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the balance of &#147;Interest Income&#148; in the accompanying consolidated income statements by geographical area is as follows: </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:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Interest Income</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Breakdown by Geographical Area</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Domestic</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,962</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,275</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,073</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Foreign</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21,745</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,507</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,765</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">European Union</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">291</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">387</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">369</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other OECD countries</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,026</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,666</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,492</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other countries</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,429</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,454</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,904</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27,708</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,783</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,838</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4"><A NAME="fin368256_62"></A>56.</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="#094fa4">Subsequent events </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The interim dividend approved on December&nbsp;21, 2016 was paid out on January&nbsp;12, 2017, as detailed in Note 4. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On February&nbsp;1, 2017, BBVA&#146;s shareholder remuneration policy for 2017 was announced (see Note 4). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On March&nbsp;22, 2017, BBVA acquired 41,790,000,000 shares (in the aggregate) of Turkiye Garanti Bankasi A.S. (&#147;Garanti&#148;) from Dogus Holding
A.S. and Dogus Arastirma Gelistirme ve Musavirlik Hizmetleri A.S., under certain agreements entered into on February&nbsp;21, 2017 amounting to 9.95% of the total issued share capital of Garanti, at a purchase price of 7.95 Turkish Liras
(&#147;<B>TL</B>&#148;) per share&nbsp;(approximately 3,322&nbsp;million TL or <FONT STYLE="font-family:Times New Roman">&#128;</FONT>859&nbsp;million in the aggregate). From January&nbsp;1, 2017 to the date of preparation of these consolidated
financial statements, no other subsequent events not mentioned above in these financial statements have taken place that could 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">F-186 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="font-size:120pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:100pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g368256page189.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:48pt; margin-bottom:0pt; font-size:36pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#0070c0"><B>Appendices </B></FONT></P>
<P STYLE="font-size:100pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:120pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</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">F-187 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4"><A NAME="fin368256_63"></A>APPENDIX I Additional information on consolidated subsidiaries and
consolidated structured entities composing the BBVA Group </FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="26%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="13"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Additional Information on Consolidated Subsidiaries and consolidated structured entities composing the BBVA
Group</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>% Legal share</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="9" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Millions of Euros (*)</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>of participation</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="9" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Affiliate Entity Data</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Company</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Location</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Activity</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Direct&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indirect&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Net<BR>&nbsp;&nbsp;Carrying<BR>&nbsp;&nbsp;Amount&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Liabilities</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Equity</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Profit<BR>(Loss)</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">4D INTERNET SOLUTIONS, INC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL&nbsp;SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ACTIVOS MACORP, S.L. (**)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.63</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">49.37</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">90</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">87</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ALCALA 120 PROMOC. Y GEST.IMMOB. S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ALGARVETUR, S.L. (**)(***)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(21)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">AMERICAN FINANCE GROUP, INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED&nbsp;STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INACTIVE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ANIDA DESARROLLOS INMOBILIARIOS, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">49</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">467</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">411</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">65</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(10)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ANIDA GERMANIA IMMOBILIEN ONE, GMBH</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">GERMANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">IN LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ANIDA GRUPO INMOBILIARIO, S.L. (**)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT&nbsp;COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,507</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,656</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">244</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(393)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ANIDA INMOBILIARIA, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT&nbsp;COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">166</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">119</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">116</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ANIDA OPERACIONES SINGULARES, S.A. (****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(105)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,097</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,195</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">241</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(339)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ANIDA PROYECTOS INMOBILIARIOS, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">94</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">107</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">85</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ANIDAPORT INVESTIMENTOS IMOBILIARIOS, UNIPESSOAL, LTDA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PORTUGAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">103</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">96</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">APLICA SOLUCIONES TECNOLOGICAS CHILE LIMITADA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CHILE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">APLICA TECNOLOGIA AVANZADA OPERADORA, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">APLICA TECNOLOGIA AVANZADA SERVICIOS, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">APLICA TECNOLOGIA AVANZADA, S.A. DE C.V.- ATA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">203</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">340</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">137</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">194</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">AREA TRES PROCAM, S.L. (***)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ARIZONA FINANCIAL PRODUCTS, INC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">928</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">928</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">928</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ARRAHONA AMBIT, S.L. (*****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL&nbsp;ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">66</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">103</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(31)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ARRAHONA IMMO, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">234</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">101</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">103</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ARRAHONA NEXUS, S.L. (*****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">213</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">322</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(110)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ARRAHONA RENT, S.L.U.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ARRELS CT FINSOL, S.A. (*****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">278</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">368</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(76)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(15)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ARRELS CT LLOGUER, S.A. (*****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">48</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">61</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ARRELS CT PATRIMONI I PROJECTES, S.A. (*****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">121</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">157</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(33)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ARRELS CT PROMOU, S.A. (*****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(10)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">AUMERAVILLA, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BAHIA SUR RESORT, S.C.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INACTIVE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.95</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.95</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BANCO BILBAO VIZCAYA ARGENTARIA (PORTUGAL), S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PORTUGAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">230</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,028</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,808</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">218</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BANCO BILBAO VIZCAYA ARGENTARIA CHILE, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CHILE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">68.19</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">68.19</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">827</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,508</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,295</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,106</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">107</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BANCO BILBAO VIZCAYA ARGENTARIA URUGUAY, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">URUGUAY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">110</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,051</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,861</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">193</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BANCO CONTINENTAL, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PERU</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">46.12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">46.12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">913</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,269</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,290</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,621</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">358</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BANCO DE PROMOCION DE NEGOCIOS, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.86</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.86</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BANCO INDUSTRIAL DE BILBAO, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.93</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.93</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">97</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">139</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">112</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BANCO OCCIDENTAL, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">49.43</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.57</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BANCO PROVINCIAL OVERSEAS N.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CURA&Ccedil;AO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">52</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">435</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">383</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BANCO PROVINCIAL S.A. - BANCO UNIVERSAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">VENEZUELA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1.46</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">53.75</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">55.21</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">80</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">917</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">814</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">138</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(35)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BANCOMER FINANCIAL SERVICES INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BANCOMER FOREIGN EXCHANGE INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BANCOMER PAYMENT SERVICES INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="15"> <P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(*) Information on foreign companies at
exchange rate on December&nbsp;31, 2016</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(**) These companies have equity loans from BANCO BILBAO VIZCAYA ARGENTARIA, S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(***) These companies have equity loans from CATALUNYACAIXA IMMOBILIARIA, S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(****) This company has an equity loan from ANIDA GRUPO INMOBILIARIO, S.L.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(*****) These companies have an equity loan from UNNIM SOCIEDAD PARA LA GESTION DE ACTIVOS INMOBILIARIOS, S.A</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></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">F-188 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD VALIGN="top" COLSPAN="13"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Additional Information on Consolidated Subsidiaries and strucuted entities composing the</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>BBVA Group (Continued)</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>% Legal share</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="9" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Millions of Euros (*)</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>of participation</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="9" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Affiliate Entity Data</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Company</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Location</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Activity</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Direct&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indirect&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Net<BR>&nbsp;&nbsp;Carrying<BR>&nbsp;&nbsp;Amount&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Liabilities</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Equity</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Profit<BR>(Loss)</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BANCOMER TRANSFER SERVICES, INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">49</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">101</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">52</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">37</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBV AMERICA, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">479</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">991</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">981</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA ASESORIAS FINANCIERAS, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CHILE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA ASSET MANAGEMENT ADMINISTRADORA GENERAL DE FONDOS S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CHILE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA ASSET MANAGEMENT CONTINENTAL S.A. SAF</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PERU</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA ASSET MANAGEMENT, S.A. SOCIEDAD FIDUCIARIA (BBVA FIDUCIARIA)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">COLOMBIA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA ASSET MANAGEMENT, S.A., SGIIC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">OTHER INVESTMENT COMPANIES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">17.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">83.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">154</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">84</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA AUTOMERCANTIL, COMERCIO E ALUGER DE VEICULOS AUTOMOVEIS,LDA.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PORTUGAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA AUTORENTING, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">69</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">447</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">402</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA BANCO FRANCES, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ARGENTINA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">45.61</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30.34</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">75.95</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">157</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,008</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,016</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">769</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">223</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA BANCOMER GESTION, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA BANCOMER OPERADORA, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">135</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">384</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">249</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">49</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">86</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA BANCOMER SEGUROS SALUD, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INSURANCES SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA BANCOMER SERVICIOS ADMINISTRATIVOS, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">130</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">105</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA BANCOMER, S.A.,INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO BBVA BANCOMER</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,301</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">86,242</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">78,939</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,691</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,612</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA BRASIL BANCO DE INVESTIMENTO, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BRASIL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA BROKER, CORREDURIA DE SEGUROS Y REASEGUROS, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.94</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">0.06</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA BROKER, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ARGENTINA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INSURANCES SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">95.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">95.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA COLOMBIA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">COLOMBIA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">77.41</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">18.06</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">95.47</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">355</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,391</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,049</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,168</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">174</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA COMERCIALIZADORA LTDA.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CHILE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA COMPASS BANCSHARES, INC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,703</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,197</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">128</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,735</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">334</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA COMPASS FINANCIAL CORPORATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">250</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">621</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">371</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">247</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA COMPASS INSURANCE AGENCY, INC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">166</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">170</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">159</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA COMPASS PAYMENTS, INC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">63</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">63</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA CONSOLIDAR SEGUROS, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ARGENTINA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INSURANCES SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">87.78</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">12.22</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">154</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">100</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA CONSULTING ( BEIJING) LIMITED</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CHINA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA CONSULTORIA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA CONSUMER FINANCE ENTIDAD DE DESARROLLO A LA PEQUE&Ntilde;A Y MICRO EMPRESA, EDPYME, S.A. (BBVA CONSUMER FINANCE&#151;EDPYME)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PERU</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">97</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">81</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA CORREDORA TECNICA DE SEGUROS LIMITADA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CHILE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA CORREDORES DE BOLSA LIMITADA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CHILE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SECURITIES DEALER</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">562</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">500</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">72</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(10)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA DATA&nbsp;&amp; ANALYTICS, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA DINERO EXPRESS, S.A.U</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA DISTRIBUIDORA DE SEGUROS S.R.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">URUGUAY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA EMISORA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">64</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">75</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">75</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA FACTORING LIMITADA (CHILE)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CHILE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA FINANZIA, S.p.A</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ITALY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(9)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA FRANCES ASSET MANAGMENT S.A. SOCIEDAD GERENTE DE FONDOS COMUNES DE INVERSI&Oacute;N.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ARGENTINA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA FRANCES VALORES, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ARGENTINA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SECURITIES DEALER</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA FUNDOS, S.GESTORA FUNDOS PENSOES,S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PORTUGAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PENSION FUNDS MANAGEMENT</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA GLOBAL FINANCE LTD.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CAYMAN ISLANDS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">194</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">189</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="15"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(*) Information on foreign companies at
exchange rate on December&nbsp;31, 2016</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></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">F-189 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD VALIGN="top" COLSPAN="13"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Additional Information on Consolidated Subsidiaries and strucuted entities composing the BBVA Group
(Continued)</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
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<TD VALIGN="top"></TD>
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<TD VALIGN="top"></TD>
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<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
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<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>% Legal share</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="9" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Millions of Euros (*)</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
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<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>of participation</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="9" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Affiliate Entity Data</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Company</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Location</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Activity</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Direct&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indirect&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Net<BR>&nbsp;&nbsp;Carrying<BR>&nbsp;&nbsp;Amount&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Liabilities</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Equity</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Profit<BR>(Loss)</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA GLOBAL MARKETS B.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NETHERLANDS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,442</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,442</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA INMOBILIARIA E INVERSIONES, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CHILE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">68.11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">68.11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA INSTITUI&Ccedil;AO FINANCEIRA DE CREDITO, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PORTUGAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">49.90</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">298</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">251</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">45</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA INTERNATIONAL PREFERRED, S.A.U.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">864</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">863</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA INVERSIONES CHILE, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CHILE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">61.22</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">38.78</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">483</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,640</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,507</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">131</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA IRELAND PLC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">IRELAND</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">180</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">407</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">217</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">186</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA LEASIMO - SOCIEDADE DE LOCA&Ccedil;AO FINANCEIRA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PORTUGAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA LUXINVEST, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">LUXEMBOURG</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">36.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">64.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">204</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">213</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">210</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA MEDIACION OPERADOR DE BANCA-SEGUROS VINCULADO, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">203</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">180</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA NOMINEES LIMITED</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED KINGDOM</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA OP3N S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA OP3N, INC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA PARAGUAY, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PARAGUAY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,788</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,627</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">136</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA PARTICIPACIONES MEJICANAS, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA PENSIONES, SA, ENTIDAD GESTORA DE FONDOS DE PENSIONES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PENSION FUNDS MANAGEMENT</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA PLANIFICACION PATRIMONIAL, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">80.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA PREVISION AFP S.A. ADM.DE FONDOS DE PENSIONES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BOLIVIA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PENSION FUNDS MANAGEMENT</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">75.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">5.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">80.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA PROCUREMENT SERVICES AMERICA DEL SUR SpA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CHILE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA PROPIEDAD, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">914</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">927</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">984</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(67)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA RE DAC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">IRELAND</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INSURANCES SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">76</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA REAL ESTATE MEXICO, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA RENTAS E INVERSIONES LIMITADA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CHILE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">292</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">292</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">232</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">60</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA RENTING, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">5.94</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">94.06</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">650</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">556</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">85</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA SECURITIES INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">185</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,932</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,747</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">187</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA SEGUROS COLOMBIA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">COLOMBIA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INSURANCES SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">94.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">6.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">83</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">64</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA SEGUROS DE VIDA COLOMBIA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">COLOMBIA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INSURANCES SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">94.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">6.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">430</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">319</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">75</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA SEGUROS DE VIDA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CHILE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INSURANCES SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">70</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">227</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">156</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">65</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA SEGUROS GENERALES S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CHILE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INSURANCES SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA SEGUROS, S.A., DE SEGUROS Y REASEGUROS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INSURANCES SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.95</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.95</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">682</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,797</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,297</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,239</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">260</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA SENIOR FINANCE, S.A.U.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,090</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,089</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA SERVICIOS CORPORATIVOS LIMITADA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CHILE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA SERVICIOS, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">COMMERCIAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA SOCIEDAD DE LEASING INMOBILIARIO, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CHILE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">97.49</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">97.49</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">89</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA SUBORDINATED CAPITAL S.A.U.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,770</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,769</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA SUIZA, S.A. (BBVA SWITZERLAND)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SWITZERLAND</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">39.72</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">60.28</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,316</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,143</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">163</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA TRADE, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA U.S. SENIOR S.A.U.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA VALORES COLOMBIA, S.A. COMISIONISTA DE BOLSA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">COLOMBIA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SECURITIES DEALER</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA WEALTH SOLUTIONS, INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BEEVA TEC OPERADORA, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="15"> <P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(*) Information on foreign companies at
exchange rate on December&nbsp;31, 2016</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></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">F-190 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD WIDTH="11%"></TD>
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<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
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<TD WIDTH="5%"></TD>
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<TD WIDTH="5%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="13"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Additional Information on Consolidated Subsidiaries and strucuted entities composing the BBVA Group
(Continued)</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>% Legal share</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="9" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Millions of Euros (*)</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>of participation</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="9" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Affiliate Entity Data</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Company</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Location</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Activity</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Direct&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indirect&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Net<BR>&nbsp;&nbsp;Carrying<BR>&nbsp;&nbsp;Amount&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Liabilities</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Equity</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Profit<BR>(Loss)</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BEEVA TEC, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BETESE S.A DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">61</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">61</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BILBAO VIZCAYA HOLDING, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">89.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">11.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">236</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">135</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">66</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BLUE INDICO INVESTMENTS, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CAIXA MANRESA IMMOBILIARIA ON CASA, S.L. (**)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CAIXA MANRESA IMMOBILIARIA SOCIAL, S.L. (**)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CAIXA TERRASSA SOCIETAT DE PARTICIPACIONS PREFERENTS, S.A.U.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">76</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">74</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CAIXASABADELL PREFERENTS, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">92</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">90</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CAIXASABADELL TINELIA, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CAPITAL INVESTMENT COUNSEL, INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CARTERA E INVERSIONES S.A., CIA DE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">92</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">108</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">78</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CASA DE BOLSA BBVA BANCOMER, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SECURITIES DEALER</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CATALONIA GEBIRA, S.L. (***)(****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CATALONIA PROMODIS 4, S.A. (****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CATALUNYACAIXA ASSEGURANCES GENERALS, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INSURANCES SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CATALUNYACAIXA CAPITAL, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">101</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">106</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">95</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CATALUNYACAIXA IMMOBILIARIA, S.A. (*****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">125</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">198</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">121</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CATALUNYACAIXA SERVEIS, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CATALUNYACAIXA VIDA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INSURANCES SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">358</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,409</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,014</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">351</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">43</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CB TRANSPORT ,INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INACTIVE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CDD GESTIONI, S.R.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ITALY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CETACTIUS, S.L. (**)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(19)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CIDESSA DOS, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CIDESSA UNO, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">240</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">150</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CIERVANA, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">64</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">55</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CLUB GOLF HACIENDA EL ALAMO, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">97.87</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">97.87</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMERCIALIZADORA CORPORATIVA SAC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PERU</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMERCIALIZADORA DE SERVICIOS FINANCIEROS, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">COLOMBIA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMPASS ASSET ACCEPTANCE COMPANY, LLC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INACTIVE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">463</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">463</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">463</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMPASS AUTO RECEIVABLES CORPORATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INACTIVE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMPASS BANK</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,475</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">86,188</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">74,713</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,149</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">327</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMPASS CAPITAL MARKETS, INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,657</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,657</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,587</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">70</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMPASS CUSTODIAL SERVICES, INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INACTIVE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMPASS GP, INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">58</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMPASS INVESTMENTS, INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INACTIVE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMPASS LIMITED PARTNER, INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,683</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,684</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,613</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">69</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMPASS LOAN HOLDINGS TRS, INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">77</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">77</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">76</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMPASS MORTGAGE CORPORATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,969</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,006</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">37</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,921</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">49</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="15"> <P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(*) Information on foreign companies at
exchange rate on December&nbsp;31, 2016 </FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(**) These companies have an equity loan from BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
<B></B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(***) This company has an equity loan from ARRELS CT PATRIMONI I PROYECTES, S.A. <B></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(****) These companies have an equity loan from UNNIM SOCIEDAD PARA LA GESTION DE ACTIVOS INMOBILIARIOS, S.A. </FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(*****) This company has equity loans from de BANCO BILBAO VIZCAYA ARGENTARIA, S.A., EXPANSION INTERCOMARCAL, S.L. y SATICEM IMMOBILIARIA,
S.L.</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></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">F-191 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="13"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Additional Information on Consolidated Subsidiaries and strucuted entities composing the BBVA Group
(Continued)</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>% Legal share</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="9" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Millions of Euros (*)</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>of participation</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="9" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Affiliate Entity Data</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Company</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Location</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Activity</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Direct&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indirect&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Net<BR>&nbsp;&nbsp;Carrying<BR>&nbsp;&nbsp;Amount&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Liabilities</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Equity</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Profit<BR>(Loss)</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMPASS MORTGAGE FINANCING, INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMPASS MULTISTATE SERVICES CORPORATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INACTIVE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMPASS SOUTHWEST, LP</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,515</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,515</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,455</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">61</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMPASS TEXAS ACQUISITION CORPORATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INACTIVE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMPASS TEXAS MORTGAGE FINANCING, INC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMPASS TRUST II</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INACTIVE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMPA&Ntilde;IA CHILENA DE INVERSIONES, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.97</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">0.03</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">580</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">781</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">781</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMPLEMENTOS INNOVACI&Oacute;N Y MODA, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">IN LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CONJUNT RESIDENCIAL FREIXA, S.L. (**)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CONSOLIDAR A.F.J.P., S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ARGENTINA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">IN LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">46.11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">53.89</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CONSORCIO DE CASAS MEXICANAS, S.A.P.I. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.99</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.99</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CONTENTS AREA, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CONTINENTAL BOLSA, SDAD. AGENTE DE BOLSA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PERU</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SECURITIES DEALER</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CONTINENTAL DPR FINANCE COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CAYMAN ISLANDS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">136</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">136</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CONTINENTAL SOCIEDAD TITULIZADORA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PERU</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CONTRATACION DE PERSONAL, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COPROMED S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CORPORACION BETICA INMOBILIARIA, S.A. (***)(*****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CORPORACION GENERAL FINANCIERA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">510</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,578</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,556</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CX PROPIETAT, FII</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">67.94</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">67.94</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">61</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">DALLAS CREATION CENTER, INC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">DATA ARCHITECTURE AND TECHNOLOGY S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">DESITEL TECNOLOGIA Y SISTEMAS, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">DEUTSCHE BANK MEXICO SA FIDEICOMISO F/1859</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">DEUTSCHE BANK MEXICO SA FIDEICOMISO F/1860</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">DISTRITO CASTELLANA NORTE, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">75.54</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">75.54</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">82</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">123</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">110</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ECASA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CHILE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">EL ENCINAR METROPOLITANO, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.05</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.05</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">EL MILANILLO, S.A. (****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">EMPRENDIMIENTOS DE VALOR S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">URUGUAY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ENTRE2 SERVICIOS FINANCIEROS, E.F.C., S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ESPAIS CERDANYOLA, S.L. (*****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">97.51</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">97.51</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ESPAIS SABADELL PROMOCIONS INMOBILIARIES, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ESPANHOLA COMERCIAL E SERVI&Ccedil;OS, LTDA.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BRASIL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">IN LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ESTACION DE AUTOBUSES CHAMARTIN, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">EUROPEA DE TITULIZACION, S.A., S.G.F.T.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">87.86</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">87.86</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">EXPANSION INTERCOMARCAL, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">F/253863 EL DESEO RESIDENCIAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">65.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">65.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">F/403035-9 BBVA HORIZONTES RESIDENCIAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">65.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">65.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FACILEASING EQUIPMENT, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">51</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">411</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">301</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">90</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="15"> <P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(*) Information on foreign companies at
exchange rate on December&nbsp;31, 2016</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(**) This company has an equity loan from EXPANSION INTERCOMARCAL, S.L.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(***) This company has an equity loan from BANCO BILBAO VIZCAYA ARGENTARIA, S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(****) This company has an equity loan from ANIDA OPERACIONES SINGULARES, S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(*****) These companies have equity loans from CATALUNYACAIXA IMMOBILIARIA, S.A.</FONT></P></TD>
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 <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">F-192 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD VALIGN="top" COLSPAN="13"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Additional Information on Consolidated Subsidiaries and strucuted entities composing the BBVA Group
(Continued)</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>% Legal share</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="9" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Millions of Euros (*)</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>of participation</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="9" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Affiliate Entity Data</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Company</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Location</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Activity</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Direct&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indirect&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Net<BR>&nbsp;&nbsp;Carrying<BR>&nbsp;&nbsp;Amount&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Liabilities</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Equity</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Profit<BR>(Loss)</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FACILEASING S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">92</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">730</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">646</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">68</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO 28991-8 TRADING EN LOS MCADOS FINANCIEROS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO F/29764-8 SOCIO LIQUIDADOR DE OPERACIONES FINANCIERAS DERIVADAS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">45</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">45</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">43</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO F/403112-6 DE ADMINISTRACION DOS LAGOS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO HARES BBVA BANCOMER F/ 47997-2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO LOTE 6.1 ZARAGOZA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">COLOMBIA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">59.99</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">59.99</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO N.989, EN THE BANK OF NEW YORK MELLON, S.A. INSTITUCION DE BANCA MULTIPLE, FIDUCIARIO (FIDEIC.00989 6 EMISION)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">115</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">115</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO N&ordm; 711, EN BANCO INVEX, S.A.,INSTITUCION DE BANCA MULTIPLE, INVEX GRUPO FINANCIERO, FIDUCIARIO (FIDEIC. INVEX 1&ordf; EMISION)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO N&ordm; 752, EN BANCO INVEX, S.A.,INSTITUCION DE BANCA MULTIPLE, INVEX GRUPO FINANCIERO, FIDUCIARIO (FIDEIC. INVEX 2&ordf; EMISION)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO N&ordm; 847, EN BANCO INVEX, S.A.,INSTITUCION DE BANCA MULTIPLE, INVEX GRUPO FINANCIERO, FIDUCIARIO (FIDEIC. INVEX 4&ordf; EMISION)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO SCOTIABANK INVERLAT S A F100322908</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FINANCEIRA DO COMERCIO EXTERIOR S.A.R.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PORTUGAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INACTIVE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FINANCIERA AYUDAMOS S.A. DE C.V., SOFOMER</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">107</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">109</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">92</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FODECOR, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">60.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">60.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FORUM COMERCIALIZADORA DEL PERU, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PERU</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FORUM DISTRIBUIDORA DEL PERU, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PERU</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FORUM DISTRIBUIDORA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CHILE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">251</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">219</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FORUM SERVICIOS FINANCIEROS, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CHILE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">213</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,599</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,400</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">144</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">55</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FUTURO FAMILIAR, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">G NETHERLANDS BV</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NETHERLANDS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">340</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">357</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">48</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">302</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARANTI BANK SA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ROMANIA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">276</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,983</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,732</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">253</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARANTI BILISIM TEKNOLOJISI VE TIC. TAS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">TURKEY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARANTI DIVERSIFIED PAYMENT RIGHTS FINANCE COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CAYMAN ISLANDS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,417</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,417</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARANTI EMEKLILIK VE HAYAT AS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">TURKEY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INSURANCES SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">84.91</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">84.91</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">303</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">491</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">137</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">281</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">74</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARANTI FACTORING HIZMETLERI AS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">TURKEY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">81.84</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">81.84</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">781</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">731</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARANTI FILO SIGORTA ARACILIK HIZMETLERI A.S.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">TURKEY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARANTI FILO YONETIM HIZMETLERI A.S.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">TURKEY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">319</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">309</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARANTI FINANSAL KIRALAMA A.S.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">TURKEY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">238</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,481</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,232</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">234</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARANTI HIZMET YONETIMI A.S</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">TURKEY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.40</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.40</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARANTI HOLDING BV</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NETHERLANDS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">195</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">341</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">341</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARANTI KONUT FINANSMANI DANISMANLIK HIZMETLERI AS (GARANTI MORTGAGE)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">TURKEY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARANTI KULTUR AS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">TURKEY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARANTI ODEME SISTEMLERI A.S.(GOSAS)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">TURKEY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARANTI PORTFOY YONETIMI AS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">TURKEY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARANTI YATIRIM MENKUL KIYMETLER AS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">TURKEY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">91</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">72</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARANTI YATIRIM ORTAKLIGI AS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">TURKEY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.97</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.97</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARANTIBANK INTERNATIONAL NV</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NETHERLANDS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">546</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,823</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,276</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">532</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARRAF MEDITERRANIA, S.A. (**)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GESCAT LLEVANT, S.L. (***)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GESCAT LLOGUERS, S.L. (****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(9)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="15"> <P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(*) Information on foreign companies at
exchange rate on December&nbsp;31, 2016</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(**) This company has an equity loan from UNNIM SOCIEDAD PARA LA GESTION DE ACTIVOS
INMOBILIARIOS, S.A.</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(***) This company has an equity loan from CATALUNYACAIXA IMMOBILIARIA, S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(****) This company has an equity loan from BANCO BILBAO VIZCAYA ARGENTARIA, S.A.</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></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">F-193 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TR>
<TD WIDTH="26%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
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<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="13"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Additional Information on Consolidated Subsidiaries and strucuted entities composing the BBVA Group</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>% Legal share</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="9" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Millions of Euros (*)</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>of participation</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="9" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Affiliate Entity Data</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Company</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Location</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Activity</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Direct&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indirect&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Net<BR>&nbsp;&nbsp;Carrying<BR>&nbsp;&nbsp;Amount&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Liabilities</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Equity</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Profit<BR>(Loss)</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GESCAT POLSKA, SP. ZOO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">POLAND</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GESCAT SINEVA, S.L. (**)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GESCAT, GESTIO DE SOL, S.L. (***)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(20)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GESCAT, VIVENDES EN COMERCIALITZACIO, S.L. (**)(***)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">226</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">618</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(355)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(37)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GESTIO D&#146;ACTIUS TITULITZATS, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GESTION DE PREVISION Y PENSIONES, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PENSION FUNDS MANAGEMENT</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">60.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">60.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GESTION Y ADMINISTRACION DE RECIBOS, S.A. - GARSA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GOBERNALIA GLOBAL NET, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GRAN JORGE JUAN, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">375</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,012</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">632</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">398</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(17)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GRANFIDUCIARIA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">COLOMBIA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">IN LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">90.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">90.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GRUPO FINANCIERO BBVA BANCOMER, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.98</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.98</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,678</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,720</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,745</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,974</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GUARANTY BUSINESS CREDIT CORPORATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GUARANTY PLUS HOLDING COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(42)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">63</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">105</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(40)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GUARANTY PLUS PROPERTIES LLC-2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GUARANTY PLUS PROPERTIES, INC-1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HABITAT ZENTRUM, S.L. (****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HABITATGES FINVER, S.L. (*****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HABITATGES INVERCAP, S.L. (*****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HABITATGES INVERVIC, S.L. (*****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">35.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">35.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(12)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HABITATGES JUVIPRO, S.L. (******)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HIPOTECARIA NACIONAL, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HOLVI PAYMENT SERVICE OY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINLAND</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HOMEOWNERS LOAN CORPORATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">IN LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HUMAN RESOURCES PROVIDER, INC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">436</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">436</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">430</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HUMAN RESOURCES SUPPORT, INC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">431</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">431</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">426</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">INMESP DESARROLLADORA, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">INMUEBLES Y RECUPERACIONES CONTINENTAL S.A</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PERU</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">INNOVATION 4 SECURITY, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">INPAU, S.A. (**)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(8)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">INVERAHORRO, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">91</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">78</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">INVERCARTERA INTERNACIONAL, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">INVERPRO DESENVOLUPAMENT, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">INVERSIONES ALDAMA, C.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">VENEZUELA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">IN LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">INVERSIONES BANPRO INTERNATIONAL INC. N.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CURA&Ccedil;AO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">48.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">48.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">56</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">52</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">INVERSIONES BAPROBA, C.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">VENEZUELA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">INVERSIONES DE INNOVACION EN SERVICIOS FINANCIEROS, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">80</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">45</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">INVERSIONES P.H.R.4, C.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">VENEZUELA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INACTIVE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">60.46</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">60.46</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">INVESCO MANAGEMENT N&ordm; 1, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">LUXEMBOURG</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">INVESCO MANAGEMENT N&ordm; 2, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">LUXEMBOURG</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(14)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">IRIDION SOLUCIONS IMMOBILIARIES, S.L. (***)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">127</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(121)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="15"> <P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(*) Information on foreign companies at
exchange rate on December&nbsp;31, 2016</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(**) These companies have equity loans from CATALUNYACAIXA IMMOBILIARIA, S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(***) These companies have equity loans from BANCO BILBAO VIZCAYA ARGENTARIA, S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(****) This company has an equity loan from EXPANSION INTERCOMARCAL, S.L.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(*****) These companies have equity loans from INVERPRO DESENVOLUPAMENT, S.L.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(******) This company has equity loans from UNNIM SOCIEDAD PARA LA GESTION DE ACTIVOS INMOBILIARIOS, S.A</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></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">F-194 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="13"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Additional Information on Consolidated Subsidiaries composing the BBVA Group (Continued) and consolidated
structured entities</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>% Legal share</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="9" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Millions of Euros (*)</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>of participation</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="9" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Affiliate Entity Data</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Company</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Location</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Activity</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Direct&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indirect&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Net<BR>&nbsp;&nbsp;Carrying<BR>&nbsp;&nbsp;Amount&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Liabilities</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Equity</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Profit<BR>(Loss)</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">JALE PROCAM, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(40)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">L&#146;EIX IMMOBLES, S.L. (*****)(******)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">LIQUIDITY ADVISORS, L.P</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,198</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,199</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,192</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">MADIVA SOLUCIONES, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">MILLENNIUM PROCAM, S.L. (****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">MISAPRE, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">MOMENTUM SOCIAL INVESTMENT HOLDING, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">MOTORACTIVE IFN SA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ROMANIA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">157</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">135</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">MOTORACTIVE MULTISERVICES SRL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ROMANIA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">MULTIASISTENCIA OPERADORA S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INSURANCES SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">MULTIASISTENCIA SERVICIOS S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INSURANCES SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">MULTIASISTENCIA, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INSURANCES SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">NEWCO PERU S.A.C.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PERU</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">124</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">921</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">835</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">86</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">NOET, INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">NOIDIRI, S.L. (***)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(11)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">NOVA EGARA-PROCAM, S.L. (****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">NOVA TERRASSA 3, S.L. (****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">OPCION VOLCAN, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">OPERADORA DOS LAGOS S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">OPPLUS OPERACIONES Y SERVICIOS, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">OPPLUS S.A.C (En liquidacion)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PERU</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">IN LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PARCSUD PLANNER, S.L. (******)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PARTICIPACIONES ARENAL, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INACTIVE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PECRI INVERSION S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">OTHER INVESTMENT COMPANIES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">98</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">98</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">99</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PENSIONES BBVA BANCOMER, S.A. DE C.V., GRUPO FINANCIERO BBVA BANCOMER</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INSURANCES SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">197</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,040</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,843</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">156</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PHOENIX LOAN HOLDINGS, INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">312</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">334</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">306</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PI HOLDINGS NO. 1, INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">90</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">90</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">90</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PI HOLDINGS NO. 3, INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PORTICO PROCAM, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PRO-SALUD, C.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">VENEZUELA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INACTIVE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">58.86</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">58.86</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROCAMVASA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROMOCION EMPRESARIAL XX, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROMOCIONES Y CONSTRUCCIONES CERBAT, S.L.U.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROMOTORA DEL VALLES, S.L. (******)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">160</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">266</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(98)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(8)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROMOU CT 3AG DELTA, S.L. (******)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROMOU CT EIX MACIA, S.L. (******)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROMOU CT GEBIRA, S.L. (******)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROMOU CT OPENSEGRE, S.L. (**)(******)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(16)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROMOU CT VALLES, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="15"> <P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(*) Information on foreign companies at
exchange rate on December&nbsp;31, 2016</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(**) This company has an equity loan from ARRELS CT PROMOU, S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(***) This company has an equity loan from BANCO BILBAO VIZCAYA ARGENTARIA, S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(****) These companies have equity loans from CATALUNYACAIXA IMMOBILIARIA, S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(*****) This company has an equity loan from PROMOTORA DEL VALLES, S.L.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(******) These companies have equity loans from UNNIM SOCIEDAD PARA LA GESTION DE ACTIVOS INMOBILIARIOS, S.A.</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></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">F-195 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="13"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Additional Information on Consolidated Subsidiaries composing the BBVA Group (Continued) and consolidated
structured entities</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>% Legal share</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="9" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Millions of Euros (*)</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>of participation</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="9" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Affiliate Entity Data</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Company</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Location</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Activity</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Direct&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indirect&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Net<BR>&nbsp;&nbsp;Carrying<BR>&nbsp;&nbsp;Amount&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Liabilities</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Equity</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Profit<BR>(Loss)</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROMOU GLOBAL, S.L. (**)(*****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">94</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">124</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(45)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PRONORTE UNO PROCAM, S.A. (****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(10)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROPEL VENTURE PARTNERS US FUND I, L.P.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">VENTURE CAPITAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROV-INFI-ARRAHONA, S.L. (*****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROVINCIAL DE VALORES CASA DE BOLSA, C.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">VENEZUELA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SECURITIES DEALER</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">90.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">90.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROVINCIAL SDAD.ADMIN.DE ENTIDADES DE INV.COLECTIVA, C.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">VENEZUELA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROVIURE BARCELONA, S.L. (****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROVIURE CIUTAT DE LLEIDA, S.L. (****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROVIURE PARC D&#146;HABITATGES, S.L. (****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROVIURE, S.L. (****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROVIVIENDA ENTIDAD RECAUDADORA Y ADMIN.DE APORTES, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BOLIVIA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PENSION FUNDS MANAGEMENT</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PUERTO CIUDAD LAS PALMAS, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">96.64</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">96.64</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">59</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(7)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(16)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">QIPRO SOLUCIONES S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">RALFI IFN SA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ROMANIA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">97</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">83</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">RENTRUCKS, ALQUILER Y SERVICIOS DE TRANSPORTE, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INACTIVE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">RESIDENCIAL CUMBRES DE SANTA FE, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">RPV COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CAYMAN ISLANDS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,469</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,469</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">RWHC, INC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">771</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">771</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">754</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">S.B.D. NORD, S.L. (****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">SATICEM GESTIO, S.L. (***)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">90</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(78)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">SATICEM HOLDING, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">SATICEM IMMOBILIARIA, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">SATICEM IMMOBLES EN ARRENDAMENT, S.L. (***)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">85</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(57)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">SCALDIS FINANCE, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BELGIUM</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">SEGUROS BBVA BANCOMER, S.A. DE C.V., GRUPO FINANCIERO BBVA BANCOMER</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INSURANCES SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">388</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,347</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,959</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">171</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">217</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">SEGUROS PROVINCIAL, C.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">VENEZUELA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INSURANCES SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">SERVICIOS CORPORATIVOS BANCOMER, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">SERVICIOS CORPORATIVOS DE SEGUROS, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">SERVICIOS EXTERNOS DE APOYO EMPRESARIAL, S.A DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">SERVICIOS TECNOLOGICOS SINGULARES, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">SIMPLE FINANCE TECHNOLOGY CORP.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">66</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">146</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(92)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">SOCIEDAD DE ESTUDIOS Y ANALISIS FINANCIERO.,S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">104</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">108</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">107</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">SOCIEDAD GESTORA DEL FONDO PUBLICO DE REGULACION DEL MERCADO HIPOTECARIO, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INACTIVE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">77.20</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">77.20</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">SPORT CLUB 18, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">STATE NATIONAL CAPITAL TRUST I</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">STATE NATIONAL STATUTORY TRUST II</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">TEXAS LOAN SERVICES, LP.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,208</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,208</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,199</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">TEXAS REGIONAL STATUTORY TRUST I</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">49</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">TEXASBANC CAPITAL TRUST I</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">TEXTIL TEXTURA, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">COMMERCIAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">68.67</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">68.67</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="15"> <P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(*) Information on foreign companies at
exchange rate on December&nbsp;31, 2016</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(**) This company has an equity loan from ARRELS CT PROMOU, S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(***) These companies have equity loans from BANCO BILBAO VIZCAYA ARGENTARIA, S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(****) These companies have equity loans from CATALUNYACAIXA IMMOBILIARIA, S.A.</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(*****) These companies have equity loans from UNNIM SOCIEDAD PARA LA GESTION DE ACTIVOS INMOBILIARIOS, S.A. </FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></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">F-196 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD WIDTH="26%"></TD>
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<TD VALIGN="bottom" WIDTH="1%"></TD>
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<TD WIDTH="4%"></TD>
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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="13"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Additional Information on Consolidated Subsidiaries composing the BBVA Group (Continued) and consolidated
structured entities</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>% Legal share</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="9" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Millions of Euros (*)</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>of participation</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="9" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Affiliate Entity Data</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Company</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Location</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Activity</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Direct&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indirect&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Net<BR>&nbsp;&nbsp;Carrying<BR>&nbsp;&nbsp;Amount&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Liabilities</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Equity</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Profit<BR>(Loss)</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">TMF HOLDING INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">TRIFOI REAL ESTATE SRL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ROMANIA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">TUCSON LOAN HOLDINGS, INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED STATES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">57</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">57</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">55</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">TURKIYE GARANTI BANKASI A.S</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">TURKEY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">39.90</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">39.90</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,177</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">76,017</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">66,433</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,191</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,393</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">UNITARIA GESTION DE PATRIMONIOS INMOBILIARIOS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">UNIVERSALIDAD TIPS PESOS E-9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">COLOMBIA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">60</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">UNNIM SOCIEDAD PARA LA GESTION DE ACTIVOS INMOBILIARIOS, S.A. (**)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">941</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,102</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(32)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(129)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">URBANIZADORA SANT LLORENC, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INACTIVE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">60.60</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">60.60</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">VALANZA CAPITAL S.A. UNIPERSONAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">VOLJA LUX, SARL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">LUXEMBOURG</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">71.78</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">71.78</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">VOLJA PLUS SL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">75.40</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">75.40</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(17)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">VOLKSWAGEN FINANCIAL SERVICES COMPA&Ntilde;IA FINANCIERA S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ARGENTINA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">110</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">78</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="15"> <P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(*) Information on foreign companies at
exchange rate on December&nbsp;31, 2016</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(**) This company has an equity loan from BBVA, S.A.</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></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">F-197 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4"><A NAME="fin368256_64"></A>APPENDIX II Additional information on investments in subsidiaries, joint
ventures and associates in the BBVA Group </FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="7%"></TD>
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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="13"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Including the most significant entities, jointly representing 99.71% of all investment in this</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>% Legal share</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="9" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Millions of Euros (*)</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>of participation</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="9" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Affiliate Entity Data</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Company</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Location</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Activity</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Direct&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indirect&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Net<BR>&nbsp;&nbsp;Carrying<BR>&nbsp;&nbsp;Amount&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Assets</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Liabilities</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Equity</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Profit<BR>(Loss)</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;31.12.16&nbsp;&nbsp;</B></FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ADQUIRA ESPA&Ntilde;A, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">COMMERCIAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">40.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">40.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">19</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ADQUIRA MEXICO, S.A. DE C.V.(*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">COMMERCIAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ALTURA MARKETS, SOCIEDAD DE VALORES, S.A.(*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SECURITIES DEALER</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">19</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,738</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,700</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">8</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ATOM BANK PLC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">UNITED KINGDOM</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">29.46</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">29.46</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">43</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">229</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">137</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">129</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">(36)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">AUREA, S.A. (CUBA)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CUBA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">49.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">49.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">AVANTESPACIA INMOBILIARIA, S.L.(*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30.01</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30.01</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">73</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">60</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BANK OF HANGZHOU CONSUMER FINANCE CO LTD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CHINA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">71</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">68</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CANCUN SUN&nbsp;&amp; GOLF COUNTRY CLUB, S.A.P.I. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">33.33</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">33.33</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">23</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">75</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">35</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">44</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">(4)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMPA&Ntilde;IA ESPA&Ntilde;OLA DE FINANCIACION DEL DESARROLLO S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">16.67</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">16.67</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">19</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">122</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">109</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">8</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMPA&Ntilde;IA MEXICANA DE PROCESAMIENTO, S.A. DE<BR>C.V.(*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CORPORACION IBV PARTICIPACIONES EMPRESARIALES, S.A.(*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">29</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">126</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">101</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;&nbsp;&nbsp;(2)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">DESARROLLOS METROPOLITANOS DEL SUR, S.L.(*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">41</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">23</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FERROMOVIL 3000, S.L.(*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">459</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">437</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">(4)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FERROMOVIL 9000, S.L.(*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">298</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">282</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">19</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">(3)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO 1729 INVEX ENAJENACION DE CARTERA (*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">32.25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">32.25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">57</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">177</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">177</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO F 403853- 5 BBVA BANCOMER SERVICIOS ZIBATA (*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">33</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">184</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">58</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">98</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">27</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO F/00185 FIMPE - FIDEICOMISO F/00185 PARA EXTENDER A LA SOCIEDAD LOS BENEFICIOS DEL ACCESO A LA INFRAESTRUCTURA DE LOS MEDIOS DE PAGO ELECTRONICOS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">28.50</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">28.50</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">(1)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO F/402770-2 ALAMAR(*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">42.40</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">42.40</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">19</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">19</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">INVERSIONES PLATCO, C.A.(*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">VENEZUELA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">13</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">(5)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">METROVACESA PROMOCION Y ARRENDAMIENTO S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">15.90</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">4.62</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20.52</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">67</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">326</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">326</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">METROVACESA SUELO Y PROMOCION, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">15.90</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">4.62</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20.52</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">208</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,080</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">68</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,013</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PARQUE RIO RESIDENCIAL, S.L.(*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">21</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROMOCIONS TERRES CAVADES, S.A.(*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">39.11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">39.11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PSA FINANCE ARGENTINA COMPA&Ntilde;IA FINANCIERA,<BR>S.A.(*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ARGENTINA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">21</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">191</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">148</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">28</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">14</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">RCI COLOMBIA S.A., COMPA&Ntilde;IA DE FINANCIAMIENTO (*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">COLOMBIA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">49.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">49.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">17</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">139</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">104</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">37</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">(2)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">REAL ESTATE DEAL II, S.A.(*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">IN LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20.06</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20.06</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">23</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">23</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">(6)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">REDSYS SERVICIOS DE PROCESAMIENTO, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">0.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">146</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">106</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">32</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">7</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ROMBO COMPA&Ntilde;IA FINANCIERA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ARGENTINA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">40.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">40.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">19</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">329</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">284</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">37</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">7</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">SERVICIOS ELECTRONICOS GLOBALES, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">46.14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">46.14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">SERVIRED SOCIEDAD ESPA&Ntilde;OLA DE MEDIOS DE PAGO, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">28.72</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">0.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">28.72</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">49</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">29</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">8</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">SOCIEDAD ADMINISTRADORA DE FONDOS DE CESANTIA DE CHILE II, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CHILE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PENSION FUNDS MANAGEMENT</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">48.60</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">48.60</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">28</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">6</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2&nbsp;&nbsp;&nbsp;&nbsp;(2)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">TELEFONICA FACTORING ESPA&Ntilde;A, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">77</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">62</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8&nbsp;&nbsp;&nbsp;&nbsp;(3)</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">TESTA RESIDENCIAL SOCIMI SAU</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPAIN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">10.46</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">3.04</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">13.50</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">91</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">831</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">366</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">462</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">3</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">VITAMEDICA ADMINISTRADORA, S.A. DE C.V (*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MEXICO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51.00</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1</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">F-198 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4"><A NAME="fin368256_65"></A>APPENDIX III Changes and notification of investments and divestments in
the BBVA Group in the year ended December&nbsp;31, 2016 </FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:5pt">


<TR>
<TD WIDTH="21%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="15%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="13"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Acquisitions or Increases of Interest Ownership in Consolidated Subsidiaries</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>% of Voting Rights</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Company</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Type of</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Transaction</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Activity</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Price&nbsp;Paid&nbsp;in&nbsp;the</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Transactions +</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>&nbsp;Expenses&nbsp;directly&nbsp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>attributable to</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>the</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>Transactions</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair&nbsp;Value&nbsp;of</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Equity</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>Instruments</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;issued&nbsp;for&nbsp;the&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Transactions</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;%&nbsp;Participation&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(net)</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>Acquired</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>in&nbsp;the&nbsp;Period</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total&nbsp;Voting</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Rights</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>&nbsp;&nbsp;Controlled&nbsp;after&nbsp;&nbsp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>the</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Transactions</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Effective&nbsp;Date&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>for the</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>Transaction<BR></B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(or Notification</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Date)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Category&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROPEL VENTURE PARTNERS US FUND I, L.P.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FOUNDING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">VENTURE CAPITAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">14-Jan-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA NOMINEES LIMITED</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ACQUISITION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">5.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">29-Jan-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA COMPASS PAYMENTS, INC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FOUNDING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">43</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">01-Mar-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HOLVI PAYMENT SERVICE OY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ACQUISITION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">04-Mar-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">RENTRUCKS, ALQUILER Y SERVICIOS DE TRANSPORTE, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ACQUISITION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">0.68%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">29-Mar-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ESPAIS CERDANYOLA, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ACQUISITION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">47.51%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">97.51%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31-Mar-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO F/403112-6 DE ADMINISTRACION DOS LAGOS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ACQUISITION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31-Mar-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO SCOTIABANK INVERLAT S A F100322908</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ACQUISITION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31-Mar-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">OPERADORA DOS LAGOS S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ACQUISITION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31-Mar-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA CONSUMER FINANCE ENTIDAD DE DESARROLLO A LA PEQUE&Ntilde;A Y MICRO EMPRESA, EDPYME, S.A. (BBVA CONSUMER FINANCE - EDPYME)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ACQUISITION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">15.68%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">29-Apr-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FORUM COMERCIALIZADORA DEL PERU, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ACQUISITION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">15.68%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">29-Apr-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FORUM DISTRIBUIDORA DEL PERU, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ACQUISITION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">15.68%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">29-Apr-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA OP3N S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FOUNDING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">01-Jul-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HABITATGES FINVER, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ACQUISITION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">14-Jul-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">DATA ARCHITECTURE AND TECHNOLOGY S.L</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FOUNDING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">28-Jul-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">NEW CO PERU SAC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPLIT</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31-Jul-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">VOLJA PLUS SL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">DILUTION EFFECT</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">0.46%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">75.40%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31-Jul-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">DALLAS CREATION CENTER, INC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FOUNDING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">01-Aug-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA OP3N, INC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FOUNDING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">05-Aug-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GRUPO FINANCIERO BBVA BANCOMER, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ACQUISITION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">0.01%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.98%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">07-Sep-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">VOLKSWAGEN FINANCIAL SERVICES COMPA&Ntilde;IA FINANCIERA S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ACQUISITION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">26-Sep-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO LOTE 6.1 ZARAGOZA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ACQUISITION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">59.99%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">59.99%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">27-Oct-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA BROKER, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FOUNDING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INSURANCES SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">95.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">95.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">01-Nov-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CX PROPIETAT, FII</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ACQUISITION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE INVESTMENT FUND</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">0.19%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">67.93%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Nov-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARANTI YATIRIM ORTAKLIGI AS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CONTROL RIGHTS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">3.30%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.97%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Nov-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">NOET, INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FOUNDING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">01-Dec-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CATALONIA GEBIRA, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ACQUISITION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">18.33%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">15-Dec-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARRAF MEDITERRANIA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ACQUISITION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">9.42%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">29-Dec-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</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">F-199 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:5pt">


<TR>
<TD WIDTH="25%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="15%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="13"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Disposals or Reduction of Interest Ownership in Consolidated Subsidiaries</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>% of Voting Rights</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Company</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Type of</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Transaction</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Activity</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Profit&nbsp;(Loss)<BR>in the<BR>Transaction<BR>(*)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Changes&nbsp;in&nbsp;the<BR>Equity&nbsp;due&nbsp;to&nbsp;the<BR>transaction</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>%&nbsp;Participation<BR>Sold<BR>in the Period</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total Voting<BR>Rights<BR>Controlled&nbsp;after</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>the<BR>Disposal</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Effective&nbsp;Date</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>for the</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>Transaction<BR></B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(or&nbsp;Notification</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Date)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Category&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ANIDA SERVICIOS INMOBILIARIOS, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MERGER</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31-Jan-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HIPOTECARIA NACIONAL MEXICANA INCORPORATED</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31-Jan-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ARRAHONA GARRAF, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">21-Mar-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ECOARENYS, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NON CONTROL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31-Mar-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">IMOBILIARIA DUQUE DE AVILA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">DISPOSAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">22-Apr-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO N&ordm; 781, EN BANCO INVEX, S.A.,INSTITUCION DE BANCA MULTIPLE, INVEX GRUPO FINANCIERO, FIDUCIARIO (FIDEIC. INVEX 3&ordf; EMISION)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MERGER</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-May-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA GEST, S.G.DE FUNDOS DE INVESTIMENTO MOBILIARIO, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SECURITIES DEALER</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">09-Jun-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROXIMA ALFA INVESTMENTS HOLDINGS (USA) INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Jun-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROXIMA ALFA INVESTMENTS HOLDINGS (USA) II INC.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Jun-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROXIMA ALFA INVESTMENTS (USA) LLC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Jun-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">UNIDAD DE AVALUOS MEXICO, S.A. DE CV</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">DISPOSAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">29-Jul-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HOLDING CONTINENTAL, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPLIT</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31-Jul-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">EUROPEA DE TITULIZACION, S.A., S.G.F.T.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">DILUTION EFFECT</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1.14%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">87.86%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31-Aug-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CATALUNYA BANC, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MERGER</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">99.10%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">09-Sep-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CATALUNYACAIXA INVERSIO, SGIIC, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MERGER</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">OTHER INVESTMENT COMPANIES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">13-Sep-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CATALUNYACAIXA MEDIACIO , S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MERGER</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">06-Oct-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA ELCANO EMPRESARIAL, S.A. EN LIQUIDACION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">IN LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">45.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">25-Oct-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA ELCANO EMPRESARIAL II, S.A. EN LIQUIDACION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">IN LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">45.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">26-Oct-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BANCO DEPOSITARIO BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MERGER</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">11-Nov-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARANTI BANK MOSCOW</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">DISPOSAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">05-Dec-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">UNO-E BANK, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">MERGER</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">09-Dec-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SUBSIDIARY</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">F-200 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:5pt">


<TR>
<TD WIDTH="22%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="15%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="17"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Business Combinations and Other Acquisitions or Increases of Interest Ownership in Associates and Joint-Ventures
Accounted for Under the Equity Method</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>% of Voting Rights</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Company</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Type of<BR>Transaction</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Activity</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Price Paid in the<BR>Transactions +<BR>Expenses Directly<BR>Attributable&nbsp;to&nbsp;the<BR>Transactions</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Fair Value of<BR>Equity<BR>Instruments<BR>Issued&nbsp;for&nbsp;the<BR>Transactions</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>%&nbsp;Participation<BR>(Net)<BR>Acquired<BR>in the Period</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total Voting<BR>Rights<BR>Controlled&nbsp;After</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>the<BR>Transactions</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Effective&nbsp;Date&nbsp;for<BR>the Transaction<BR>(or Notification<BR>Date)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Category&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">METROVACESA, S.A. (*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">CAPITAL INCREASE (**)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">344</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1.10%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20.52%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">17-Feb-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ASSOCIATED</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">METROVACESA, S.A. (*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PARTIAL SPLIT</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(208)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">01-Mar-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ASSOCIATED</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">METROVACESA, S.A. (*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">TOTAL SPLIT</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(502)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">26-Oct-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ASSOCIATED</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">METROVACESA SUELO Y PROMOCION, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPLIT</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">208</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20.52%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20.52%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">01-Mar-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ASSOCIATED</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ATOM BANK PLC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ACQUISITION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">56</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">29.46%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">29.46%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">29-Apr-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ASSOCIATED</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">RCI COLOMBIA S.A., COMPA&Ntilde;IA DE FINANCIAMIENTO</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FOUNDING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">49.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">49.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">01-Jun-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PARQUE RIO RESIDENCIAL, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FOUNDING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">14-Jun-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT&nbsp;VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CAPIPOTA PRODUCTIONS S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ACQUISITION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">COMMERCIAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">25.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">25.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Jun-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO DE ADMINISTRACION REDETRANS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ACQUISITION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">25.07%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">25.07%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Jun-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">IBV SOURCE&#151;PRESTA&Ccedil;AO DE SERVI&Ccedil;OS INFORMATICOS, ACE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FOUNDING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">49.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">49.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31-Jul-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">LA ESMERALDA DESARROLLOS, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ACQUISITION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">25.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">21-Sep-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">AVANTESPACIA INMOBILIARIA, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FOUNDING</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30.01%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30.01%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20-Oct-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">METROVACESA PROMOCION Y ARRENDAMIENTO S.A (*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPLIT</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20.52%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20.52%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">26-Oct-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ASSOCIATED</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">TESTA RESIDENCIAL SOCIMI SAU (*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPLIT</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">91</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">13.49%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">13.49%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">26-Oct-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ASSOCIATED</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO F/404180-2 BBVA BANCOMER SERVICIOS GOLF ZIBATA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ACQUISITION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">01-Dec-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(*) First there was partial split of the of soil activity and promotion in favor of the society of new constitution
Metrovacesa Suelo y Promoci&oacute;n, S.A. and in October was the total split of the society in favor of Testa Residencial SOCIMI SAU, Merlin Properties, SOCIMI, S.A. and the new constitution company Metrovacesa Promotion and Leasing S.A </FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(**) Non-monetary contribution. </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="center">F-201 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TR>
<TD WIDTH="30%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="15%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="13"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Disposal or Reduction of Interest Ownership in Associates and Joint-Ventures Companies Accounted for Under the
Equity Method</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Millions&nbsp;of&nbsp;Euros</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>% of Voting Rights</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Company</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Type&nbsp;of&nbsp;Transaction&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Activity</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Profit&nbsp;(Loss)<BR>in the<BR>Transaction</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>%&nbsp;Participation<BR>Sold<BR>in the Period</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total Voting<BR>Rights<BR>Controlled&nbsp;after<BR>the<BR>Disposal</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Effective&nbsp;Date&nbsp;for<BR>the Transaction<BR>(or Notification<BR>Date)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Category</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BALMA HABITAT, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NON CONTROL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31-Mar-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT&nbsp;VENTURE&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ECUALITY E-COMMERCE QUALITY, S.A.S.P.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NON CONTROL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">COMMERCIAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">28.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31-Mar-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ASSOCIATED</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO SCOTIABANK INVERLAT SA F100322742</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">DISPOSAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">33.78%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31-Mar-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">I+D MEXICO, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">DISPOSAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31-Mar-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">OPERADORA HITO URBANO, S.A.DE C.V</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">DISPOSAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">35.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31-Mar-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">OPERADORA MIRASIERRA, S.A. DE C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">DISPOSAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">35.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31-Mar-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROBIS AIGUAVIVA, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NON CONTROL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31-Mar-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">AMBIT D&#146;EQUIPAMENTS, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NON CONTROL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">35.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Apr-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ASSOCIATED</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CAPASATUS, S.L</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NON CONTROL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Apr-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ASSOCIATED</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">CRUILLA CENTRE, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NON CONTROL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">49.04%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Apr-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">EUGESA PROCAM, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NON CONTROL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">55.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Apr-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HARMONIA BADALONA, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NON CONTROL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">45.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Apr-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HARMONIA PLA DE PONENT, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NON CONTROL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">22.33%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Apr-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ASSOCIATED</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">IMMOCENTRE 3000, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NON CONTROL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">40.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Apr-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">LANDOMUS, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NON CONTROL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Apr-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">L&#146;ERA DE VIC, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NON CONTROL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">40.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Apr-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">NOU MAPRO, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NON CONTROL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Apr-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">SARDENYA CENTRE, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NON CONTROL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Apr-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">TAGE CENTRE PROMOCIONS IMMOBILIARIES, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NON CONTROL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Apr-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">VERTIX PROCAM PATRIMONIAL, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NON CONTROL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Apr-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">VISOREN CENTRE, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NON CONTROL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">40.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Apr-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">INMOBILIARIA MONTE BOADILLA, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NON CONTROL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">01-Jul-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">SANYRES SUR, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">DISPOSAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">33.05%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">01-Jul-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">UNION SANYRES, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">DISPOSAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">33.36%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">01-Jul-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">VIC CONVENT, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">DISPOSAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">25.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">14-Jul-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ASSOCIATED</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">KUARS CENTRE, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">DISPOSAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">40.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">08-Sep-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">P.R.ALBIRSA, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">14-Sep-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">S.C.I. MAGNAN SAINT PHILIPPE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">25.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Sep-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ASSOCIATED</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">METROVACESA, S.A. (*)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20.52%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">26-Oct-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ASSOCIATED</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO F 404015-0 BBVA BANCOMER LOMAS III</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">DISPOSAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">25.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">29-Nov-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ASSOCIATED</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO F/70191-2 LOMAS DE ANGELOPOLIS II</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">DISPOSAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">25.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Nov-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">JOINT VENTURE</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PARQUE REFORMA SANTA FE, S.A. de C.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">DISPOSAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20-Dec-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ASSOCIATED</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">TENEDORA DE VEHICULOS, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">LIQUIDATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">35.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">22-Dec-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ASSOCIATED</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BRUNARA, SICAV, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">DISPOSAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">VARIABLE CAPITAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30.36%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">3.71%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31-Dec-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ASSOCIATED</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(*) First there was partial split of the of soil activity and promotion in favor of the society of new constitution
Metrovacesa Suelo y Promoci&oacute;n, S.A. and in October was the total split of the society in favor of Testa Residencial SOCIMI SAU, Merlin Properties, SOCIMI, S.A. and the new constitution company Metrovacesa Promotion and Leasing S.A </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="center">F-202 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt">


<TR>
<TD WIDTH="25%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="11"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Changes in other Companies quoted recognize as Available-For-Sale</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>% of voting rights</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Company</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Type&nbsp;of&nbsp;Transaction</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Activity</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>%&nbsp;Participation<BR>Acquired&nbsp;(Sold)<BR>in the Period</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Totally&nbsp;Controlled<BR>after Transaction</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Effective&nbsp;Date&nbsp;for</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>the Transaction<BR>(or Notification<BR>Date)</B></FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">MERLIN PROPERTIES SOCIMI, S.A</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SPLIT&nbsp;METROVACESA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL&nbsp;ESTATE&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">6.44%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">6.44%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">02-Nov-16</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">F-203 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4"><A NAME="fin368256_66"></A>APPENDIX IV Fully consolidated subsidiaries with more than 10% owned by
non-Group shareholders as of December&nbsp;31, 2016 </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:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="36%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="5" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>% of Voting Rights</B></FONT></P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Controlled&nbsp;by&nbsp;the&nbsp;Bank</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Company</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Activity</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Direct&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indirect&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BANCO CONTINENTAL, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">46</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">46</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BANCO PROVINCIAL S.A. - BANCO UNIVERSAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">54</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">55</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">INVERSIONES BANPRO INTERNATIONAL INC. N.V.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">48</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">48</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PRO-SALUD, C.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NO ACTIVITY</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">59</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">59</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">INVERSIONES P.H.R.4, C.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NO ACTIVITY</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">60</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">60</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BANCO BILBAO VIZCAYA ARGENTARIA CHILE, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">68</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">68</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA INMOBILIARIA E INVERSIONES, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">68</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">68</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">TEXTIL TEXTURA, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">COMMERCIAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">69</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">69</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">COMERCIALIZADORA CORPORATIVA SAC</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">DISTRITO CASTELLANA NORTE, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">76</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">76</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GESTION DE PREVISION Y PENSIONES, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PENSION FUND MANAGEMENT</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">60</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">60</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ESTACION DE AUTOBUSES CHAMARTIN, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">F/403035-9 BBVA HORIZONTES RESIDENCIAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">65</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">65</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">F/253863 EL DESEO RESIDENCIAL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">65</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">65</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">DATA ARCHITECTURE AND TECHNOLOGY S.L</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">VOLKSWAGEN FINANCIAL SERVICES COMPA&Ntilde;IA FINANCIERA S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FINANCIAL SERVICES</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FIDEICOMISO LOTE 6.1 ZARAGOZA</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">60</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">60</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HABITATGES INVERVIC, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">35</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">35</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">TURKIYE GARANTI BANKASI A.S</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANKING</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">40</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">40</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARANTI EMEKLILIK VE HAYAT AS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INSURANCES</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">85</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">85</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GARANTI YATIRIM ORTAKLIGI AS</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FODECOR, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">60</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">60</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROCAMVASA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">JALE PROCAM, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">VOLJA LUX, SARL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">72</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">72</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HABITAT ZENTRUM, S.L.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">REAL ESTATE</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">VOLJA PLUS SL</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INVESTMENT COMPANY</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">75</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">75</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">F-204 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4"><A NAME="fin368256_67"></A>APPENDIX V BBVA Group&#146;s structured entities. Securitization funds
</FONT></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:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Millions of Euros</B></FONT></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#fcfcfc"><B>Securitization Fund (consolidated)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-size:7pt" COLOR="#fcfcfc"><B>Company</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Origination&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Date</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total&nbsp;Securitized&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Exposures&nbsp;at&nbsp;the&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Origination Date&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total Securitized</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Exposures as of</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December&nbsp;31,&nbsp;2016&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(*)</B></FONT></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">2 PS Interamericana</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA CHILE S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Oct-04</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">3</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">AYT CAIXA SABADELL HIPOTECARIO I, FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Jul-08</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">300</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">98</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">AYT HIPOTECARIO MIXTO IV, FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Jun-05</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">24</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">AYT HIPOTECARIO MIXTO, FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Mar-04</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">17</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BACOMCB 07</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA&nbsp;BANCOMER,&nbsp;S.A.,INSTIT.&nbsp;BANCA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Dec-07</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">121</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BACOMCB 08</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA&nbsp;BANCOMER,&nbsp;S.A.,INSTIT.&nbsp;BANCA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Mar-08</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">53</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BACOMCB 08-2</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA&nbsp;BANCOMER,&nbsp;S.A.,INSTIT.&nbsp;BANCA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Dec-08</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">267</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA CONSUMO 6 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Oct-14</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">299</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">181</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA CONSUMO 7 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Jul-15</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,450</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,433</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA CONSUMO 8 FT</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Jul-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">700</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">652</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA EMPRESAS 4 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Jul-10</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,700</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">133</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA LEASING 1 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Jun-10</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">2,500</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">97</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA PYME 10 FT</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Dec-15</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">780</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">507</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA RMBS 1 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Feb-07</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">2,500</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,206</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA RMBS 10 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Jun-11</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,600</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,292</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA RMBS 11 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Jun-12</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,400</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,140</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA RMBS 12 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Dec-13</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">4,350</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">3,685</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA RMBS 13 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Jul-14</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">4,100</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">3,596</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA RMBS 14 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Nov-14</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">700</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">569</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA RMBS 15 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">May-15</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">4,000</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">3,659</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA RMBS 16 FT</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">May-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,600</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,544</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA RMBS 17 FT</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Nov-16</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,800</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA RMBS 2 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Mar-07</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">5,000</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">4,090</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA RMBS 3 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Jul-07</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">3,000</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,627</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA RMBS 5 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">May-08</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">5,000</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">2,695</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA RMBS 9 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Apr-10</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,295</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">950</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA UNIVERSALIDAD E10</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA COLOMBIA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Mar-09</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">23</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA UNIVERSALIDAD E11</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA COLOMBIA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">May-09</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA UNIVERSALIDAD E12</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA COLOMBIA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Aug-09</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA UNIVERSALIDAD E9</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA COLOMBIA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Dec-08</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">44</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA UNIVERSALIDAD N6</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA COLOMBIA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Aug-12</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">67</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">14</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA-5 FTPYME FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Nov-06</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,900</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA-6 FTPYME FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Jun-07</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,500</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">43</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BBVA-FINANZIA AUTOS 1 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Apr-07</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">800</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">3</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">BMERCB 13</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA BANCOMER, S.A.,INSTIT. BANCA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Jun-13</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">497</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FTA IM TERRASSA MBS-1</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Jul-06</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">525</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">53</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FTA TDA-22 MIXTO</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Dec-04</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">112</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FTA TDA-27</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Dec-06</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">275</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">109</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FTA TDA-28</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Jul-07</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">250</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">128</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GAT ICO FTVPO 1, F.T.H</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Mar-04</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">40</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">127</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GC FTGENCAT TARRAGONA 1 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Jun-08</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">283</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">50</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HIPOCAT 10 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Jul-06</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,500</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">408</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HIPOCAT 11 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Mar-07</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,600</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">417</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HIPOCAT 6 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Jul-03</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">850</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">143</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HIPOCAT 7 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Jun-04</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,400</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">296</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HIPOCAT 8 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">May-05</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,500</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">361</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">HIPOCAT 9 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Nov-05</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,000</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">277</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Instrumentos de Titulizaci&oacute;n Hip- Junior</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BANCO CONTINENTAL, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Dec-07</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">24</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">2</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">TDA 19 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Mar-04</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">200</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">36</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">TDA 20-MIXTO, FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Jun-04</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">100</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">20</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">TDA 23 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Mar-05</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">300</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">76</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">TDA TARRAGONA 1 FTA</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Dec-07</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">397</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">148</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Millions of Euros</B></FONT></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle"><FONT STYLE="font-size:7pt" COLOR="#fcfcfc"><B>Securitization Fund (not consolidated)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-size:7pt" COLOR="#fcfcfc"><B>Company</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Origination&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Date</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total&nbsp;Securitized&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Exposures&nbsp;at&nbsp;the&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Origination Date&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total Securitized</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Exposures as of</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December&nbsp;31,&nbsp;2016&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FTA TDA13</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Dec-00</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">84</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">13</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FTA TDA-18 MIXTO</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA, S.A.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Nov-13</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">91</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">15</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; margin-left:7%; text-indent:3%; font-size:8pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:Times New Roman">(*) Solvency scope.</FONT><FONT
STYLE="font-family:ARIAL"> </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="center">F-205 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4"><A NAME="fin368256_68"></A>APPENDIX VI Details of the outstanding subordinated debt and preferred
securities issued by the Bank or entities in the Group consolidated as of December&nbsp;31, 2016, 2015 and 2014. </FONT></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#0070c0"><B>Outstanding as of
December 31, 2016, 2015 and 2014 of subordinated issues </B></FONT></P> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#0070c0"><B>Millions of Euros </B></FONT></P>
<P STYLE="font-size:2pt;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:6.5pt" ALIGN="center">


<TR>
<TD WIDTH="49%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Issuer Entity and Issued Date</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Currency&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December&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:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December&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:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December&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:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Prevailing Interest&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:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Rate</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:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>as&nbsp;of&nbsp;December&nbsp;31,&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:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Maturity</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:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Date</B></FONT></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<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="#094fa4"><B>Issues in Euros</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>BBVA</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">February-07</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">255</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">255</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">253</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4.50%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">16-Feb-22</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">March-08</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">125</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">125</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">125</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.03%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">3-Mar-33</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">July-08</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">100</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">100</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">100</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.20%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">4-Jul-23</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">February-14</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,500</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,500</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,500</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">Perpetual</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">February-15</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,500</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,500</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.75%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">Perpetual</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">April-16</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,000</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8.88%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">Perpetual</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Various</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">277</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">310</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">342</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>EUR</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,756</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,789</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,320</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>BBVA GLOBAL FINANCE, LTD. (*)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">October-01</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.08%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">10-Oct-16</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">October-01</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.55%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">15-Oct-16</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">November-01</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.63%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">02-Nov-16</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">December-01</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">56</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">56</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.57%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">20-Dec-16</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>EUR</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>165</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>223</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>BBVA SUBORDINATED CAPITAL, S.A.U. (*)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">October-05</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">99</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">99</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">96</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.49%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">13-Oct-20</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">April-07</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">68</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">68</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">66</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.57%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">4-Apr-22</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">May-08</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">19-May-23</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">July-08</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.11%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">22-Jul-18</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">April-14</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,500</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,500</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,485</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3.50%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">11-Apr-24</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>EUR</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,737</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,737</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,717</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>TURKIYE GARANTI BANKASI A.S</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">February-09</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3.53%</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">31-Mar-21</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Others</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total issued in Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,493</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,742</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,260</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
</TABLE> <P STYLE="margin-top:60pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(*)&#145;The issuances of BBVA Subordinated Capital, S.A.U. and BBVA Global Finance, LTD., are jointly, severally
and unconditionally guaranteed by the Bank. </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="center">F-206 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#0070c0"><B>Outstanding as of December 31, 2016, 2015 and 2014 (Continued) </B></FONT></P>
<P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#0070c0"><B>Millions of Euros </B></FONT></P> <P STYLE="font-size:2pt;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:7pt" ALIGN="center">


<TR>
<TD WIDTH="42%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Issuer Entity and Issued Date</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Currency&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&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:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">2016</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&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:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">2015</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&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:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">2014</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Prevailing&nbsp;Interest</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:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Rate</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:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;as&nbsp;of&nbsp;December&nbsp;31,&nbsp;&nbsp;&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:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">2016</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;Maturity&nbsp;&nbsp;&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:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Date</FONT></B></FONT></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; 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:8pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Issues in foreign currency</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4">BBVA</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">May-13</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,423</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,378</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,235</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Perpetual</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>USD</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,423</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,378</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,235</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>BBVA GLOBAL FINANCE, LTD. (*)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">December-95</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">189</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">183</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">165</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">01-Dec-25</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>USD</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>189</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>183</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>165</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>BANCO BILBAO VIZCAYA ARGENTARIA, CHILE</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Different issues</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">CLP</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">609</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">558</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">578</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">Various</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>CLP</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>609</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>558</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>578</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>BBVA BANCOMER, S.A. de C.V.</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">May-07</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">474</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">456</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">413</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.01%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">17-May-22</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">April-10</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">947</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">912</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">825</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7.25%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">22-Apr-20</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">March-11</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,184</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,140</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,031</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.50%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">10-Mar-21</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">July-12</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">947</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">912</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">825</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.75%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Sep-22</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">September-12</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">474</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">456</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">413</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.75%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Sep-22</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">November-14</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">189</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">182</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">165</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5.35%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">12-Nov-29</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>USD</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,214</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,058</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,672</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">December-08</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">MXN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">160</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>MXN</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>160</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>BBVA URUGUAY</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">December-14 (**)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4.60%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">16-Dic-24</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>USD</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>BBVA PARAGUAY</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">November-14</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.75%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">05-Nov-21</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">November-15</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.70%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">22-Nov-22</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">43</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>TEXAS REGIONAL STATUTORY TRUST I</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">February-04</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3.13%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">17-Mar-34</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>USD</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>47</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>46</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>41</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
</TABLE> <P STYLE="margin-top:42pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">(*) The issuances of BBVA Global Finance, Ltd, are guaranteed (secondary liability) by the Bank </FONT></P>
<P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">(**) Subordinated customer deposits </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="center">F-207 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>APPENDIX VI. OUTSTANDING AS OF DECEMBER 31, 2016, 2015 AND 2014 OF SUBORDINATED AND PREFERRED
ISSUES</B> </FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c0"><B>Outstanding as of December 31, 2016, 2015 and 2014 of subordinated issues</B> </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#0070c0"><B>Millions of Euros </B></FONT></P> <P STYLE="font-size:2pt;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:7pt" ALIGN="center">


<TR>
<TD WIDTH="36%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="middle"><FONT STYLE="font-size:8pt" COLOR="#fcfcfc"><B>Issuer Entity and Issued Date</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT STYLE="font-size:8pt" COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Currency&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&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:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&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:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&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:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Prevailing&nbsp;Interest&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:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Rate</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:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>as&nbsp;of&nbsp;December</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:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>31, 2016</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Maturity&nbsp;&nbsp;&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:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Date</B></FONT></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>STATE NATIONAL CAPITAL TRUST I</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">July-03</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3.32%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">30-Sep-33</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#0070c0"><B>Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>USD</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>STATE NATIONAL STATUTORY TRUST II</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">March-04</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3.07%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">17-Mar-34</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>USD</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>TEXASBANC CAPITAL TRUST I</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">June-04</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.88%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">23-Jul-34</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>COMPASS BANK</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">March-05</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">212</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">204</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">182</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5.50%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">01-Apr-20</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">March-06</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">65</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">63</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">56</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5.90%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">01-Apr-26</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">September-07</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">332</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">321</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">288</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.40%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">01-Oct-17</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">April-15</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">655</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">633</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3.88%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">10-Apr-25</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,264</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,221</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>526</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>BBVA COLOMBIA, S.A.</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">September-11</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">COP</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">58</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10.27%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">19-Sep-21</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">September-11</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">COP</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">49</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">48</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10.52%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">19-Sep-26</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">September-11</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">COP</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">45</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10.11%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">19-Sep-18</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">February-13</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">COP</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">63</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">69</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9.44%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">19-Feb-23</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">February-13</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">COP</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">52</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">57</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9.72%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">19-Feb-28</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">November-14</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">COP</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">51</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">55</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10.32%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">26-Nov-34</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">November-14</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">COP</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10.20%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">26-Nov-29</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">COP</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">309</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">285</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">337</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">April-15</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">379</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">366</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4.88%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">21-Apr-25</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>USD</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>379</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>366</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>337</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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="#094fa4"><B>BANCO CONTINENTAL, S.A.</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">December-06(*)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.50%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">15-Feb-17</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">May-07</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.00%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">14-May-27</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">September-07</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.16%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">24-Sep-17</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">February-08</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.47%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">28-Feb-28</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">June-08</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.97%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">15-Jun-18</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">November-08</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3.83%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">15-Feb-19</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">October-10(*)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">190</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">184</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">165</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7.38%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">07-Oct-40</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">October-13</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">43</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">37</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.53%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">08-Oct-28</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">September-14</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">273</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">274</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">246</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5.25%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">22-Sep-29</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Subtotal</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">591</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">582</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">565</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">May-07</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">PEN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5.85%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">07-May-22</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">June-07</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">PEN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3.47%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">18-Jun-32</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">November-07</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">PEN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3.56%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">19-Nov-32</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">July-08</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">PEN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3.06%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">08-Jul-23</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">September-08</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">PEN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3.09%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">09-Sep-23</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">December-08</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">PEN</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4.19%</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">15-Dec-33</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>PEN</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>97</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>90</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>88</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" COLSPAN="3"><FONT COLOR="#094fa4"><B>Total issues in foreign currencies(Millions of Euros)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,228</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,868</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,436</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">(*) Subordinated costumer deposits </FONT></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</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">F-208 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#0070c0"><B>APPENDIX VI. OUTSTANDING AS OF DECEMBER 31, 2016, 2015 AND 2014 OF SUBORDINATED AND PREFERRED
ISSUES</B> </FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Outstanding as of December 31, 2016, 2015 and 2014 of preferred issues</B> </FONT></P>
<P STYLE="font-size:2pt;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:6pt" ALIGN="center">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>December 2014</B></FONT></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Issuer Entity and Issued Date</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Currency&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Amount&nbsp;Issued&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:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(Millions)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Currency&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Amount&nbsp;Issued&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:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(Millions)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Currency&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Amount&nbsp;Issued&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:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(Millions)</B></FONT></P></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>BBVA</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">December 2007</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">14</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>BBVA International, Ltd.</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">December 2002</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">9</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>BBVA Capital Finance, S.A.U.</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">December 2003</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">350</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">July 2004</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">500</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">December 2004</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,125</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">December 2008</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1,000</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>BBVA International Preferred, S.A.U.</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">September 2005</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">86</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">86</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">85</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">September 2006</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">164</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">164</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">164</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Abril 2007</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">569</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">551</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">600</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">July 2007</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">GBP</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">36</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">GBP</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">43</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">GBP</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">31</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Octuber 2009</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">645</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Octuber 2009</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">GBP</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">251</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Phoenix Loan Holdings Inc.</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">November 2000</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">22</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">22</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">USD</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">21</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Caixa Terrasa Societat de Participacion</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">August 2005</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">51</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">75</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">75</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Caixasabadell Preferents, S.A.</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">July 2006</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">53</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">90</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">EUR</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">90</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Others</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>1</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>1</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4"><B>-</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">F-209 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4"><A NAME="fin368256_69"></A>APPENDIX VII Consolidated balance sheets held in foreign currency as of
December&nbsp;31, 2016, 2015 and 2014. </FONT></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:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>USD</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Mexican</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Pesos</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Turkish&nbsp;Lira</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Other&nbsp;Foreign</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Currencies</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total&nbsp;Foreign</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Currencies</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Assets -</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Cash, cash balances at central banks and other demand deposits</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,436</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,947</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">426</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,547</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25,357</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial assets held for trading</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,048</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,541</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">732</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,695</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24,016</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Available-for-sale financial assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,525</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,458</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,889</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,658</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38,530</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and receivables</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">109,167</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41,344</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34,425</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46,629</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">231,565</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Investments in entities accounted for using the equity method</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">135</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">106</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">247</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Tangible assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">788</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,200</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,376</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">844</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,207</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,482</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,214</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,219</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,358</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,273</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>153,451</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>78,839</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>47,066</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>64,839</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>344,194</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Liabilities-</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial liabilities held for trading</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,908</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,957</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">693</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,426</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,983</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial liabilities at amortized cost</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">150,035</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53,185</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,467</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53,858</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">285,546</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other liabilities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,812</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,774</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,418</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,957</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,961</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>155,755</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>67,916</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>30,578</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>57,241</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>311,490</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="4"></TD>
<TD HEIGHT="24" COLSPAN="8"></TD>
<TD HEIGHT="24" COLSPAN="4"></TD>
<TD HEIGHT="24" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>USD</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Mexican</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Pesos</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Turkish Lira</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Other Foreign</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Currencies</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total&nbsp;Foreign</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Currencies</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Assets -</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Cash, cash balances at central banks and other demand deposits</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,257</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,547</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">485</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,833</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,121</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial assets held for trading</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,449</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,581</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">374</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,006</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26,410</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Available-for-sale financial assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,573</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,465</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,691</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,724</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">49,454</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and receivables</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">115,899</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">45,396</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32,650</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44,382</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">238,328</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Investments in entities accounted for using the equity method</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">216</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">241</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">498</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Tangible assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">781</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,406</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,348</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">762</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,296</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,018</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,054</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,320</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,817</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,209</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>156,193</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>86,690</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>46,868</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>62,564</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>352,315</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Liabilities-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial liabilities held for trading</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,010</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,303</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">513</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,925</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,750</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial liabilities at amortized cost</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">152,383</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">60,800</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30,267</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50,004</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">293,455</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other liabilities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,001</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,038</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,393</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,132</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,564</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>159,394</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>75,141</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>32,173</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>54,061</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>320,769</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <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:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>December 2014</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>USD</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Mexican</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Pesos</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Other&nbsp;Foreign</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Currencies</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total&nbsp;Foreign</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Currencies</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Assets -</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Cash, cash balances at central banks and other demand deposits</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,905</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,995</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,516</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,416</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial assets held for trading</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,727</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,745</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,073</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26,545</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Available-for-sale financial assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,590</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,623</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,565</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34,779</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and receivables</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">79,935</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,641</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50,804</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">171,380</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Investments in entities accounted for using the equity method</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">227</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,700</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,931</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Tangible assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">726</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,894</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,076</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,696</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,874</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,861</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,934</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,669</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>108,762</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>80,985</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>81,668</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>271,415</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Liabilities-</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial liabilities held for trading</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,828</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,776</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,907</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,511</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial liabilities at amortized cost</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">106,582</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">57,856</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">61,404</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">225,841</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other liabilities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,612</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,620</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,657</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,889</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>112,021</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>72,252</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>65,968</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>250,241</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-210 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4"><A NAME="fin368256_72"></A>APPENDIX VIII Information on data derived from the special accounting
registry </FONT></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Information required pursuant to Circular 5/2011 of the Bank of Spain is indicated 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:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Mortgage market policies and procedures </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Bank has express policies and procedures in place regarding its activities in the mortgage market, which provide for full compliance with applicable
regulations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The mortgage origination policy is based in principles focused on assessing the adequate ratio between the amount of the loan, and the
payments, and the income of the applicant. Applicants must in all cases prove sufficient repayment ability (present and future) to meet their repayment obligations, for both the mortgage debt and for other debts detected in the financial system.
Therefore, the applicant&#146;s repayment ability is a key aspect within the credit decision-making tools and retail risk acceptance manuals, and has a high weighting in the final decision. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">During the mortgage risk transaction analysis process, documentation supporting the applicant&#146;s income (payroll, etc.) is required, and the
applicant&#146;s position in the financial system is checked through automated database queries (internal and external). This information is used for calculation purposes in order to determine the level of indebtedness/compliance with the remainder
of the system. This documentation is kept in the transaction&#146;s file. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In addition, the mortgage origination policy assesses the adequate ratio
between the amount of the loan and the appraisal value of the mortgaged asset. The policy also establishes that the property to be mortgaged be appraised by an independent appraisal company as established by Circular 3/2010 and Circular 4/2016. BBVA
selects those companies whose reputation, standing in the market and independence ensure that their appraisals adapt to the market reality in each region. Each appraisal is reviewed and checked before the loan is granted by BBVA staff and, in those
cases where the loan is finally granted, it is kept in the transaction&#146;s file. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As for issues related to the mortgage market, the Group&#146;s
Finance Division annually defines the wholesale finance issue strategy, and more specifically mortgage bond issues, such as mortgage covered bonds or mortgage securitization. The Assets and Liabilities Committee (&#147;ALCO&#148;) tracks the budget
monthly. The volume and type of assets in these transactions is determined in accordance with the wholesale finance plan, the trend of the Bank&#146;s &#147;Loans and receivables&#148; outstanding balances and market conditions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Board of the Bank authorizes each of the issues of Mortgage Transfer Certificate and/or Mortgage Participation issued by BBVA to securitize loans
and mortgage loans, Likewise, the Board of Directors authorize, under the power delegated by the Annual General Meeting held on March&nbsp;13, 2015 under item three of the agenda, the establishment of a Base Prospectus for the issue of fixed-income
securities through which the mortgage-covered bonds are implemented. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As established in article 24 of Royal Decree 716/2009, the volume of
outstanding mortgage-covered bonds issued by a bank may not exceed 80% of a calculation base determined by adding the outstanding principal of all the loans and mortgage loans in the bank&#146;s portfolio that are eligible and are not covered by the
issue of Mortgage Bonds, Mortgage Participations or Mortgage Transfer Certificates. For these purposes, in accordance with the aforementioned Royal Decree 716/2009, in order to be eligible, loans and mortgage loans must, on a general basis:
(i)&nbsp;be secured by a first mortgage on the freehold; (ii)&nbsp;the loan&#146;s amount may not exceed 80% of the appraisal value for home mortgages, and 60% for other mortgage lending; (iii)&nbsp;be established on assets exclusively and wholly
owned by the mortgagor; (iv)&nbsp;have been appraised by an independent appraisal company unrelated to the Group and authorized by the Bank of Spain; and (v)&nbsp;the mortgaged property must be covered at least by a current damage insurance policy.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Bank has set up a series of controls for mortgage covered bonds, which regularly control the total volume of issued mortgage covered bonds
issued and the remaining eligible collateral, to avoid exceeding the maximum limit set by Royal Decree 716/2009, and outlined in the preceding paragraph. In the case of securitizations, the preliminary portfolio of loans and mortgage loans to be
securitized is checked according to an agreed procedures engagement, by the Bank&#146;s external auditor as required by the Spanish Securities and Exchange Commission. There is also a series of filters through which some mortgage loans and credits
are excluded in accordance with legal, commercial and risk concentration criteria. </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">F-211 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:13pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#006ec1">b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:13pt"><FONT COLOR="#006ec1">Quantitative information on activities in the mortgage market </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The quantitative information on activities in the mortgage market required by Bank of Spain Circular 5/2011 is shown below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">b.1) Ongoing 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:7pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="4%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions&nbsp;of&nbsp;Euros&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Mortgage loans.</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT
 COLOR="#fcfcfc"><B>Eligibility for the purpose of the mortgage market</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Nominal value of outstanding loans and mortgage loans</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">(A)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">113,977</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">98,555</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Minus: Nominal value of all outstanding loans and mortgage loans that form part of the portfolio, but
have been mobilized through mortgage bond holdings or mortgage transfer certificates.</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">(B)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(33,677)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(25,650)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Nominal value of outstanding loans and mortgage loans, excluding securitized loans</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4"><B>(A)-(B)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>80,300</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>72,905</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Of which:</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans and mortgage loans which would be eligible if the calculation limits set forth in Article 12 of
Spanish Royal Decree 716/2009 were not applied.</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">(C)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46,987</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,373</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Minus: Loans and mortgage loans which would be eligible but, according to the criteria set forth in
Article 12 of Spanish Royal Decree 716/2009, cannot be used to collateralize any issuance of mortgage bonds.</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">(D)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2,268)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2,213)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Eligible loans and mortgage loans that, according to the criteria set forth in Article 12 of Spanish Royal Decree 716/2009, can be used as collateral for the issuance of mortgage bonds</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4"><B>(C)-(D)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>44,719</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>38,160</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Issuance limit: 80% of eligible loans and mortgage loans that can be used as collateral</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">(E)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35,775</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30,528</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Issued Mortgage-covered bonds</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4"><B>(F)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>29,085</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>28,362</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Outstanding Mortgage-covered bonds</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>24,670</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>25,220</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Capacity to issue mortgage-covered bonds</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT COLOR="#094fa4">(E)-(F)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,690</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,166</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><I>Memorandum items:</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Percentage of overcollateralization across the portfolio</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">276%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">257%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Percentage of overcollateralization across the eligible used portfolio</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">154%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">135%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Nominal value of available sums (committed and unused) from all loans and mortgage loans.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,917</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,999</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><I>Of which:</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Potentially eligible</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,237</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,361</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Ineligible</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">680</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">638</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Nominal value of all loans and mortgage loans that are not eligible, as they do not meet the thresholds set in Article 5.1 of Spanish Royal Decree 716/2009, but do meet the rest of the eligibility requirements
indicated in Article 4 of the Royal Decree.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25,282</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25,350</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Nominal value of the replacement assets subject to the issue of mortgage-covered bonds.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&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">F-212 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="77%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<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="6" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<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;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Mortgage loans.</B></FONT></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Eligibility for the purpose of the mortgage market</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</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:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</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:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total loans</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>113,977</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>98,555</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Issued mortgage participations</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,865</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Of which: recognized on the balance sheet</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">695</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Issued mortgage transfer certificates</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>30,812</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>25,650</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Of which: recognized on the balance sheet</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,778</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25,612</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Mortgage loans as collateral of mortgages bonds</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Loans supporting the issuance of mortgage-covered bonds</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">1-2-3-4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>80,300</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>72,905</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non elegible loans</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33,313</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32,532</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Comply requirements to be elegible except the limit provided for under the article 5.1 of the Spanish Royal
Decree 716/2009</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25,282</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25,350</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,031</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,182</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Elegible loans</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46,987</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,373</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">That can not be used as collateral for issuances</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,268</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,213</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">That can be used as collateral for issuances</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44,719</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38,160</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans used to collateralize mortgage bonds</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans used to collateralize mortgage-covered bonds</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44,719</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38,160</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&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">F-213 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<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 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="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2016</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 VALIGN="middle" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Mortgage loans. Classification of the nominal</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:6.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>values according to different characteristics</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total&nbsp;mortgage</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>loans</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Eligible</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Loans(*)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Elegibles&nbsp;that</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>can&nbsp;be&nbsp;used&nbsp;as</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>collateral for</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>issuances (**)</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total&nbsp;mortgage</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>loans</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Eligible</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Loans(*)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Elegibles&nbsp;that</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>can&nbsp;be&nbsp;used&nbsp;as</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>collateral for</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:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>issuances (**)</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TOTAL</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>80,300</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>46,987</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>44,719</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>72,905</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>40,373</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>38,160</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>By source of the operations</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Originated by the bank</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">74,220</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42,641</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,451</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">64,852</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34,629</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32,477</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Subrogated by other institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">904</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">685</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">678</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">554</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">459</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">457</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,176</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,661</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,590</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,499</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,285</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,226</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>By Currency</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">In euros</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">79,422</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46,594</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44,341</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">72,331</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,013</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">37,811</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">In foreign currency</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">878</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">393</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">378</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">574</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">360</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">349</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>By payment situation</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Normal payment</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">61,264</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,685</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,389</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">56,192</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34,987</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34,330</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other situations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,036</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,302</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,330</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,713</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,386</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,830</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>By residual maturity</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Up to 10 years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,762</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,722</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,765</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,457</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,536</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,402</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">10 to 20 years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30,912</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,417</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21,646</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24,926</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,896</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,317</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">20 to 30 years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,899</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,375</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,910</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,399</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,379</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,963</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Over 30 years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,727</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,473</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,398</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,123</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,562</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,478</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>By Interest Rate</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Fixed rate</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,460</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,680</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,559</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,169</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">944</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">759</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Floating rate</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">75,840</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">45,307</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">43,160</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">69,736</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39,429</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">37,401</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mixed rate</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>By Target of Operations</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">For business activity</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,913</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,614</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,926</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,741</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,690</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,912</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">From which: public housing</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,958</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,894</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">740</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,623</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,072</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">768</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">For households</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">59,387</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38,373</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">37,793</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">52,164</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32,683</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32,248</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>By type of guarantee</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Secured by completed assets/buildings</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>75,806</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>46,240</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>44,237</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>66,807</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>39,203</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>37,461</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Residential use</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">61,338</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39,494</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38,139</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">56,563</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34,269</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33,066</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">From which: public housing</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,607</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,338</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,213</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,607</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,354</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,104</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Commercial</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,453</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,563</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,289</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,645</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,574</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,046</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,015</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,183</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,809</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">599</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">360</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">349</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Secured by assets/buildings under construction</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,914</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>413</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>295</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,125</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>367</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>277</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Residential use</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,457</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">290</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">187</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,642</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">235</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">158</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">From which: public housing</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">57</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">84</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Commercial</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">286</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">61</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">483</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">132</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">119</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">171</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">55</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Secured by land</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,580</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>334</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>187</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,973</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>803</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>422</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Urban</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,590</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">334</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">105</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non-urban</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,580</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">334</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">187</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,383</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">469</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">317</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:3%; font-size:7pt; font-family:ARIAL" ALIGN="justify">&nbsp;&nbsp;(*) Not taking into account the thresholds established by Article 12 of Spanish Royal Decree
716/2009 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3%; font-size:7pt; font-family:ARIAL" ALIGN="justify">(**) Taking into account the thresholds established by Article 12 of Spanish Royal Decree 716/2009 </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:7pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></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="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<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 COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B>Loan to Value (Last available
appraisal risk)</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2016</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:7pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Nominal value of the total mortgage loans</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Less&nbsp;than&nbsp;or</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:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal&nbsp;to&nbsp;40%</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;40%&nbsp;but</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:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or</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:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to 60%</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;60%&nbsp;but</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:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or</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:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to 80%</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;80%&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Home mortgages</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,883</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,921</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,047</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42,851</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other mortgages</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,150</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,986</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,136</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>15,033</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>17,907</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,047</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>46,987</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-214 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></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>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></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="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<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 COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="18" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Loan to Value (Last available
appraisal risk)</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Nominal value of the total mortgage</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:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>loans</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Less&nbsp;than&nbsp;or</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:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal&nbsp;to&nbsp;40%</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;40%&nbsp;but</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:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or</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:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to 60%</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;60%&nbsp;but</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:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or</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:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to 80%</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;80%</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Total</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Home mortgages</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,364</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,730</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,690</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34,784</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other mortgages</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,657</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,932</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,589</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12,021</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>15,662</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12,690</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>40,373</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <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:7pt" ALIGN="center">


<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<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></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" 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 VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Elegible and non elegible mortgage loans.</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Changes of the nominal values in the period</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Eligible&nbsp;(*)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Non&nbsp;eligible</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Eligible&nbsp;(*)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Non&nbsp;eligible</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the begining</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>40,373</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>32,532</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>42,920</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>36,907</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Retirements</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,458</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11,489</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,772</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,218</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Held-to-maturity cancellations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,552</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,084</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,175</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,487</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Anticipated cancellations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,479</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,971</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,236</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,268</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Subrogations to other institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">37</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,390</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,404</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">338</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,443</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Additions</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,072</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12,270</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,225</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,843</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Originated by the bank</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,051</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,523</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,529</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,794</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Subrogations to other institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">283</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">162</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,738</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,585</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">682</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,037</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the end</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>46,987</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>33,313</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>40,373</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" ALIGN="right"><FONT COLOR="#094fa4"><B>32,532</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:7pt; font-family:ARIAL" ALIGN="justify">(*) Not taking into account the thresholds established by Article 12 of Spanish Royal Decree 716/2009
</P> <P STYLE="font-size:18pt;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:8.5pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions&nbsp;of&nbsp;Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Mortgage loans supporting the issuance of mortgage-covered bonds</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Nominal value.</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Potentially eligible</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,237</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,361</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Ineligible</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">680</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">638</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,917</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,999</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</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">F-215 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">b.2) Liabilities operations </FONT></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:ARIAL; font-size:7pt" ALIGN="center">


<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<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></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" 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 VALIGN="middle" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="middle"><FONT STYLE="font-size:8pt" COLOR="#fcfcfc"><B>Issued Mortgage Bonds</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Nominal&nbsp;value</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff; BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Average</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:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>residual</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:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>maturity</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Nominal&nbsp;value</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #ffffff; BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Average</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:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>residual</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:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>maturity</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Mortgage bonds</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Mortgage-covered bonds (*)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>29,085</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>28,362</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Of which:Non recognized as liabilities on balance</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,414</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,142</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Of Which: outstanding</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24,670</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25,220</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt securities issued through public offer</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,773</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21,523</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Residual maturity up to 1 year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,272</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,500</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Residual maturity over 1 year and less than 2 years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,772</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Residual maturity over 2 years and less than 3 years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Residual maturity over 3 years and less than 5 years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,801</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,051</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Residual maturity over 5 years and less than 10 years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,500</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,000</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Residual maturity over 10 years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">200</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">200</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Debt securities issued without public offer</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,321</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,765</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Residual maturity up to 1 year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">150</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Residual maturity over 1 year and less than 2 years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">150</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Residual maturity over 2 years and less than 3 years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Residual maturity over 3 years and less than 5 years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,550</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Residual maturity over 5 years and less than 10 years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,500</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,500</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Residual maturity over 10 years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">121</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">115</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Deposits</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,991</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,074</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Residual maturity up to 1 year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">460</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,064</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Residual maturity over 1 year and less than 2 years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">791</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">460</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Residual maturity over 2 years and less than 3 years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">380</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">639</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Residual maturity over 3 years and less than 5 years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">671</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">422</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Residual maturity over 5 years and less than 10 years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">839</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">849</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Residual maturity over 10 years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">850</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">640</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Mortgage participations</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>695</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B></B>196<B></B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Mortgage transfer certificates</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>28,778</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>286</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>25,612</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>293</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued through public offer</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,778</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">286</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25,612</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">293</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Issued without public offer</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">(*) Including mortgage-covered bonds hold by the BBVA Group&#146;s companies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Given the characteristics of the type of covered bonds issued by the Bank, there is no substituting collateral related
to these issues. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Bank does not hold any derivative financial instruments relating to mortgage bond issues, as defined in the aforementioned
Royal Decree. </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">F-216 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:9%; text-indent:-9%; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4"><A NAME="fin368256_73"></A>APPENDIX IX Quantitative information on
refinancing and restructuring operations and other requirement under Bank of Spain Circular 6/2012 </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">a)&nbsp;&nbsp;&nbsp;&nbsp;Quantitative information on refinancing and restructuring operations </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The breakdown of refinancing and restructuring operations as of December&nbsp;31, 2016 and 2015 is as follows: </P>
<P STYLE="font-size:6pt;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:6pt" ALIGN="center">


<TR>
<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:2.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:2.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="14" STYLE="BORDER-BOTTOM:2.50pt solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>DECEMBER 2016</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>BALANCE OF FORBEARANCE</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(Millions of Euros)</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:2.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B>TOTAL</B></FONT></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Unsecured loans</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="7" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Secured loans</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Accumulated</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>impairment&nbsp;or&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>accumulated</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>losses in fair</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>value due to</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>credit risk</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" ROWSPAN="3" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&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="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Maximum amount
of&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>secured&nbsp;loans&nbsp;that&nbsp;can&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>be considered&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Number&nbsp;of&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>operations&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gross&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>carrying&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>amount&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Number&nbsp;of&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>operations&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gross&nbsp;carrying&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>amount&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Real&nbsp;estate&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>mortgage&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>secured&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Rest&nbsp;of&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>secured&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>loans&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Credit institutions</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>General Governments</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">112</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">711</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">98</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">584</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other financial corporations and individual entrepreneurs (financial business)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,349</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">59</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">71</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Non-financial corporations and individual entrepreneurs (corporate non-financial activities)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">125,328</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,057</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25,327</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,643</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,844</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">124</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,310</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><I>&nbsp;&nbsp;&nbsp;&nbsp;Of which: financing the construction and property (including land)</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,519</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">496</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,102</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,395</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">694</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,552</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Rest homes (*)</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">116,961</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,550</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">103,868</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,243</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,628</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,474</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Total</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>245,662</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,674</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>129,378</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>19,615</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12,576</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>726</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,798</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT STYLE="font-size:16pt" COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B>Of which: IMPAIRED</B></FONT></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Unsecured loans</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="7" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Secured loans</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Accumulated</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>impairment&nbsp;or&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>accumulated</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>losses in fair</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>value due to</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>credit risk</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" ROWSPAN="3" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&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="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Maximum amount
of&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>secured loans that
can&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>be
considered&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Number&nbsp;of&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>operations&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gross&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>carrying&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>amount&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Number&nbsp;of&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>operations&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gross&nbsp;carrying&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>amount&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Real&nbsp;estate&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>mortgage&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>secured&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Rest of&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>secured&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>loans&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Credit institutions</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>General Governments</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other financial corporations and individual entrepreneurs (financial business)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">131</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Non-financial corporations and individual entrepreneurs (corporate non-financial activities)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">103,310</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,857</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,327</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,924</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,002</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,986</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><I>&nbsp;&nbsp;&nbsp;&nbsp;Of which: financing the construction and property (including land)</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,191</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">304</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,188</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,848</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">494</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,499</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Rest homes (*)</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">72,199</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">672</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47,767</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,366</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,271</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,285</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Total</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>175,652</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,545</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>64,169</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11,325</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,301</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>57</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,281</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Includes mortgage-backed real estate operations with loan to value ratio of greater than 1, and secured operations, other
than transactions secured by real estate mortgage regardless of their loan to value ratio. </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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Number of operations does not include Garanti Bank </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">F-217 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:2.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:2.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="14" STYLE="BORDER-BOTTOM:2.50pt solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>DECEMBER 2015</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>BALANCE OF FORBEARANCE</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>(Millions of Euros)</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:2.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B>TOTAL</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Unsecured loans</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="7" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Secured loans</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Accumulated</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>impairment&nbsp;or&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>accumulated</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>losses in fair</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>value due to</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>credit risk</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" ROWSPAN="3" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&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="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Maximum amount
of&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>secured&nbsp;loans&nbsp;that&nbsp;can&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>be considered&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Number&nbsp;of&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>operations&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gross&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>carrying&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>amount&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Number&nbsp;of&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>operations&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gross&nbsp;carrying&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>amount&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Real&nbsp;estate&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>mortgage&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>secured&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Rest&nbsp;of&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>secured&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>loans&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Credit institutions</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>General Governments</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">71</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">75</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">794</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">75</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,397</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other financial corporations and individual entrepreneurs (financial business)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">261</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">49</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">97</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">174</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Non-financial corporations and individual entrepreneurs (corporate non-financial activities)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">43,807</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,184</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,897</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,754</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,866</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">854</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,104</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><I>&nbsp;&nbsp;&nbsp;&nbsp;Of which: financing the construction and property (including land)</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,899</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,109</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,042</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,842</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,917</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,072</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Rest homes (*)</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">182,924</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,291</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">124,473</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,882</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,723</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,705</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Total</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>227,063</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,557</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>153,542</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>24,443</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,681</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,273</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,993</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT STYLE="font-size:16pt" COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Of which: IMPAIRED</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Unsecured loans</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="7" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Secured loans</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="3" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Accumulated</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>impairment&nbsp;or&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>accumulated</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>losses in fair</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>value due to</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>credit risk</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" ROWSPAN="3" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&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="3" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Maximum amount
of&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>secured loans that
can&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>be
considered&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Number&nbsp;of&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>operations&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gross&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>carrying&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>amount&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Number&nbsp;of&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>operations&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gross&nbsp;carrying&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>amount&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Real&nbsp;estate&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>mortgage&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>secured&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Rest of&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>secured&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>loans&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Credit institutions</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>General Governments</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other financial corporations and individual entrepreneurs (financial business)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">113</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">74</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">139</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Non-financial corporations and individual entrepreneurs (corporate non-financial activities)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,499</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,895</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,565</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,177</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,707</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">449</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,533</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><I>&nbsp;&nbsp;&nbsp;&nbsp;Of which: financing the construction and property (including land)</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,319</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">834</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,543</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,451</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,836</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,910</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Rest homes (*)</B></FONT></P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">80,652</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">772</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44,195</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,172</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,897</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,454</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Total</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>98,295</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,710</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>60,841</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12,361</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,612</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>460</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,132</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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 style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Includes mortgage-backed real estate operations with loan to value ratio of greater than 1, and secured operations, other
than transactions secured by real estate mortgage regardless of their loan to value ratio. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&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">Number of operations does not include Garanti Bank </P></TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In addition to the restructuring and refinancing transactions mentioned in this section, loans that were not considered impaired or renegotiated have
been modified based on the criteria set out in paragraph 59 (c)&nbsp;of IAS 39. These loans have not been classified as renegotiated or impaired, since they were modified for commercial or competitive reasons (for instance, to improve our
relationship with the client) rather than for economic or legal reasons relating to the borrower&#146;s financial situation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The table below provides a roll
forward of refinanced assets during 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">F-218 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
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<TD></TD>
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<TD></TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle" ROWSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Refinanced assets Roll forward</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>Normal</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:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>Impaired</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:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="6" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>TOTAL</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Risk&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Coverage&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Risk&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Coverage&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Risk&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Coverage&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Balance at the beginning</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>17,929</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>861</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>16,071</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,132</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>34,000</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,993</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">(+) Additions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,523</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">279</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,655</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">712</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,178</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">991</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">(-) Decreases (payments or repayments)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2,788)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(366)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,754)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(835)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4,542)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,201)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">(-) Foreclosures</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(174)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(84)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(177)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(84)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">(-) Write-offs</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(52)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,230)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(841)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,282)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(842)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">(+)/(-) Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6,191)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(256)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">301</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">196</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5,890)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(60)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Ending Balance</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11,418</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>517</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,869</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,281</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>26,288</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,798</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The table below provides a breakdown by segments of the forbearance operations (net of provisions) as of December 2016
and 2015: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="90%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="83%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Forbereance operations. Breakdown by
segments</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Central governments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">713</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">818</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other financial corporations and individual entrepeneurs (financial activity)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">69</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(112</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non-financial corporations and individual entrepeneurs (non-financial activity)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,390</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,833</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Of which: Financing the construction and property development (including land)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,339</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,879</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Households</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,319</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,468</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Total carrying amount</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>19,491</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>26,007</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financing classified as non-current assets and disposal groups held for sale</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:30pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">NPL ratio by type of renegotiated loan </FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The non performing ratio of the renegotiated portfolio is defined as the impaired balance of renegotiated loans that shows signs of difficulties as of
the closing of the reporting period, divided by the total payment outstanding in that portfolio. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">As of December&nbsp;31, 2016, the non performing ratio for each of
the portfolios of renegotiated loans is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="96%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>NPL ratio renegotiated loan portfolio</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Ratio&nbsp;of&nbsp;Impaired&nbsp;loans&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc"><B>- Past due</B></FONT></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">General governments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">6%</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Commercial</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">57%</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;Of which: Construction and developer</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">85%</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other consumer</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#094fa4">39%</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">56% of the renegotiated loans classified as impaired was for reasons other than default (delinquency). </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">F-219 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT COLOR="#094fa4">b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt"><FONT COLOR="#094fa4">Quantitative information on the concentration of risk by activity and guarantees
</FONT></P></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:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT COLOR="#009ee5">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt"><FONT COLOR="#009ee5">Loans and advances to customers by activity (carrying amount) </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:6.5pt">


<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:19pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:19pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:25pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:25pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:22pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:22pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:34pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:34pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:22pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:22pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:22pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:22pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:23pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:23pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:23pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:23pt"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="39"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ROWSPAN="2" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;TOTAL&nbsp;(*)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Of which:</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Mortgage&nbsp;loans&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Of
which:&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Secured&nbsp;loans&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="24" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Collateralized Credit Risk. Loan to value</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Less&nbsp;than&nbsp;or&nbsp;equal&nbsp;to&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>40%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;40%&nbsp;but&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to 60%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;60%&nbsp;but&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to 80%</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;80%&nbsp;but&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal&nbsp;to&nbsp;100%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Over&nbsp;100%&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">1 General governments</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34,820</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,722</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,700</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">380</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">715</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,266</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,740</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,320</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">2 Other financial institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,181</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">800</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,168</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">650</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">464</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">319</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,846</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">690</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">3 Non-financial institutions and individual entrepreneurs</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">183,871</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47,105</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,663</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,000</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,122</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,667</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,445</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,533</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.1 Construction and property development</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,283</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,888</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,736</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,074</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,173</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,843</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,217</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,316</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.2 Construction of civil works</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,884</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,920</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">478</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">508</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">547</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">469</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">379</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">494</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3 Other purposes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">155,704</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32,297</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,449</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,417</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,402</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,356</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,850</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,722</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3.1 Large companies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">107,550</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,041</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,349</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,311</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,149</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,777</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,160</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,993</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3.2 SMEs (**) and individual entrepreneurs</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">48,154</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,257</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,100</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,106</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,253</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,579</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,689</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,729</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">4 Rest of households and NPISHs (***)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">178,781</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">129,590</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,257</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21,906</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24,764</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34,434</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34,254</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,489</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.1 Housing</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">127,606</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">124,427</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">477</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,802</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,120</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32,713</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32,148</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,122</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.2 Consumption</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44,504</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,181</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,732</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,535</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,278</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,230</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,322</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">547</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.3 Other purposes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,671</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,982</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,048</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">569</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">366</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">491</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">784</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">820</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><B>SUBTOTAL</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>414,654</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>182,216</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>39,789</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>39,936</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>39,065</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>47,687</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>58,286</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>37,032</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">5 Less: Valuation adjustments due to impairment of assets not attributable to specific operations</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>6&nbsp;&nbsp;&nbsp;&nbsp; TOTAL</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>414,654</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>182,216</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>39,789</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>39,936</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>39,065</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>47,687</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>58,286</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>37,032</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<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="#094fa4">MEMORANDUM:</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">Forbereance operations (****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,491</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,031</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,504</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,703</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,845</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,316</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,091</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,580</FONT></TD>
<TD NOWRAP VALIGN="middle"></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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&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 amounts included in this table are net of impairment losses. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&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">Small and medium enterprises </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&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">Nonprofit institutions serving households. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&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">Net of provisions </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">F-220 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<DIV ALIGN="right">
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<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:19pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:19pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:23pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:23pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:22pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:22pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:21pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:21pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:29pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:29pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:29pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:29pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:29pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:29pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:23pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:23pt"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="39"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ROWSPAN="2" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;TOTAL&nbsp;(*)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Of which:&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Mortgage&nbsp;loans&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Of
which:&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Secured&nbsp;loans&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="24" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Collateralized Credit Risk. Loan to value</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Less than
or&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal&nbsp;to&nbsp;40%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over 40%
but&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less&nbsp;than&nbsp;or&nbsp;equal&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>to 60%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over 60%
but&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less&nbsp;than&nbsp;or&nbsp;equal&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>to 80%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over 80%
but&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less&nbsp;than&nbsp;or&nbsp;equal&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>to 100%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Over&nbsp;100%&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">1 General governments</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38,555</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,483</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,868</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">643</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">690</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,088</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,506</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,424</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">2 Other financial institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,319</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">663</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,098</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">710</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">474</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">302</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,610</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">666</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">3 Non-financial institutions and individual entrepreneurs</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">184,203</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47,773</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24,034</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,400</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,931</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,480</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,491</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,506</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.1 Construction and property development</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,914</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,295</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,682</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,148</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,465</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,663</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,911</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">789</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.2 Construction of civil works</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,687</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,322</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,023</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">827</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">615</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">576</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">373</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">954</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3 Other purposes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">154,602</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32,157</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21,329</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,425</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,850</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,242</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,207</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,763</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3.1 Large companies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">96,239</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,959</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,663</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,207</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,569</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,248</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,627</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,971</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3.2 SMEs (**) and individual entrepreneurs</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">58,363</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,198</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,665</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,218</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,281</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,993</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,579</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,792</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">4 Rest of households and NPISHs (***)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">181,385</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">132,358</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,397</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24,737</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34,007</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46,885</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,891</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,235</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.1 Housing</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">127,260</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">124,133</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">513</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,214</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31,816</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44,506</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21,300</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,810</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.2 Consumption</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42,211</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,627</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,738</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,311</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,156</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,398</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,118</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">381</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.3 Other purposes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,914</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,599</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,146</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,212</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,035</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">982</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">472</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,043</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><B>SUBTOTAL</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>418,462</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>185,278</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>39,396</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>46,490</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>50,102</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>59,756</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>43,498</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>24,830</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">5 Less: Valuation adjustments due to impairment of assets not attributable to specific operations</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,233</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>6&nbsp;&nbsp;&nbsp;&nbsp;TOTAL</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>414,230</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>185,278</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>39,396</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>46,490</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>50,102</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>59,756</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>43,498</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>24,830</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<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="#094fa4">MEMORANDUM:</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">Forbereance operations (****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26,080</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,931</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,457</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,728</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,797</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,575</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,665</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,623</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">Valuation adjustments due to impairment of assets not attributable to specific operations</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">63</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
</TABLE></DIV> <P STYLE="font-size:30pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" 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 amounts included in this table are net of impairment losses. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" 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">Small and medium enterprises </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" 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">Nonprofit institutions serving households. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" 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">Net of provisions except valuation adjustments due to impairment of assets not attributable to specific operations.
</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">F-221 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <DIV ALIGN="right">
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<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:19pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:19pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:25pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:25pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:22pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:22pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:34pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:34pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:22pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:22pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:22pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:22pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:23pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:23pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:23pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:23pt"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="39"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ROWSPAN="2" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>December 2014</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;TOTAL&nbsp;(*)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Of which:</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Mortgage&nbsp;loans&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Of
which:&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Secured&nbsp;loans&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="24" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Collateralized Credit Risk. Loan to value</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Less&nbsp;than&nbsp;or&nbsp;equal&nbsp;to&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>40%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;40%&nbsp;but&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to 60%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;60%&nbsp;but&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to 80%</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;80%&nbsp;but&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal&nbsp;to&nbsp;100%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Over&nbsp;100%&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">1 General governments</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38,765</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,279</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,082</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">389</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">348</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">448</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,005</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,171</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">2 Other financial institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,516</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">649</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,951</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">623</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">371</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">155</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,801</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">650</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">3 Non-financial institutions and individual entrepreneurs</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">133,577</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33,185</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,878</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,780</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,955</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,390</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,826</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,112</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.1 Construction and property development</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,896</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,697</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">784</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,143</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,229</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,873</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,959</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,277</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.2 Construction of civil works</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,252</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,182</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">609</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">368</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">327</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">416</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">368</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">312</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3 Other purposes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">115,429</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21,306</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,485</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,269</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,399</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,101</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,499</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,523</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3.1 Large companies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">75,808</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,060</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,470</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,874</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,861</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,509</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,899</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,387</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3.2 SMEs (**) and individual entrepreneurs</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39,621</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,246</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,015</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,395</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,538</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,592</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,600</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,136</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">4 Rest of households and NPISHs (***)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">152,533</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">111,298</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,950</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,050</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,301</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,428</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,448</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,021</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.1 Housing</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">107,549</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">105,542</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">437</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,586</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25,956</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">37,079</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,127</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,231</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.2 Consumption</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,642</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,707</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,832</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,106</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,517</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,322</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,698</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">896</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.3 Other purposes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,342</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,049</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,681</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,358</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">828</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,027</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">623</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">894</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><B>SUBTOTAL</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>341,391</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>147,411</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>38,861</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>36,842</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>38,975</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>52,421</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>34,080</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>23,954</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">5 Less: Valuation adjustments due to impairment of assets not attributable to specific operations</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,606</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>6&nbsp;&nbsp;&nbsp;&nbsp; TOTAL</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>338,785</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>147,411</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>38,861</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>36,842</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>38,975</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>52,421</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>34,080</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>23,954</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<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="#094fa4">MEMORANDUM:</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">Forbereance operations</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24,218</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,088</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,444</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,807</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,298</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,102</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,250</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,075</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
</TABLE></DIV>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" 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 amounts included in this table are net of impairment losses. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" 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">Small and medium enterprises </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" 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">Nonprofit institutions serving households. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="5%" 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">Net of provisions except valuation adjustments due to impairment of assets not attributable to specific operations.
</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">F-222 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">The information for the main geographic areas is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:6.5pt">


<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:19pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:19pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:25pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:25pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:22pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:22pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:34pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:34pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:22pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:22pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:22pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:22pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:23pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:23pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:23pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:23pt"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="39"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ROWSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>BBVA, S.A.</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;TOTAL&nbsp;(*)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Of which:</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Mortgage&nbsp;loans&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Of
which:&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Secured&nbsp;loans&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="24" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Collateralized Credit Risk. Loan to value</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Less&nbsp;than&nbsp;or&nbsp;equal&nbsp;to&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>40%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;40%&nbsp;but&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to 60%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;60%&nbsp;but&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to 80%</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;80%&nbsp;but&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal&nbsp;to&nbsp;100%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Over&nbsp;100%&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">1 General governments</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21,763</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">440</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">544</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">108</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">101</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">636</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">106</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">2 Other financial institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,888</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">311</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,650</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">63</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">87</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,767</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">3 Non-financial institutions and individual entrepreneurs</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">70,225</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,431</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,085</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,949</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,595</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,807</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,009</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,155</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.1 Construction and property development</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,443</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,064</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,026</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,050</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">992</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">612</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">394</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.2 Construction of civil works</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,847</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,309</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">69</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">324</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">436</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">246</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">182</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">191</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3 Other purposes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">59,934</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,057</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,006</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,599</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,109</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,569</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,216</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,570</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3.1 Large companies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38,868</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,292</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">998</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">722</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">734</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">725</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">333</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">777</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3.2 SMEs (**) and individual entrepreneurs</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21,066</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,765</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,007</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,877</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,375</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,844</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">883</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">793</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">4 Rest of households and NPISHs (***)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">96,771</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">86,075</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">373</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,688</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,050</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21,137</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,016</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,556</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.1 Housing</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">86,423</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">84,619</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">81</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,246</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,610</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,771</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,709</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,363</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.2 Consumption</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,240</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">377</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">118</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">151</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">108</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">102</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">79</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">56</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.3 Other purposes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,108</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,079</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">174</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">292</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">331</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">265</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">228</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">138</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><B>SUBTOTAL</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>200,646</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>102,256</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,652</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>19,691</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>23,816</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>25,132</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>25,428</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>17,841</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">5 Less: Valuation adjustments due to impairment of assets not attributable to specific operations</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>6 TOTAL</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>200,646</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>102,256</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,652</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>19,691</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>23,816</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>25,132</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>25,428</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>17,841</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<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="#094fa4">MEMORANDUM:</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">Forbereance operations (****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,756</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,800</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,292</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,322</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,574</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,734</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,458</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,629</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="39"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ROWSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Bancomer</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;TOTAL&nbsp;(*)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Of which:</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Mortgage&nbsp;loans&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Of
which:&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Secured&nbsp;loans&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="24" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Collateralized Credit Risk. Loan to value</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Less&nbsp;than&nbsp;or&nbsp;equal&nbsp;to&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>40%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;40%&nbsp;but&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to 60%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;60%&nbsp;but&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to 80%</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;80%&nbsp;but&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal&nbsp;to&nbsp;100%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Over&nbsp;100%&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">1 General governments</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,260</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">173</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,983</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">56</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">385</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,659</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">2 Other financial institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">816</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">337</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">315</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">3 Non-financial institutions and individual entrepreneurs</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,089</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,520</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,107</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,012</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">957</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">484</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">347</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">826</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.1 Construction and property development</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">786</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">677</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">547</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">52</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">56</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.2 Construction of civil works</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">148</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">51</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3 Other purposes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,154</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,816</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,040</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,414</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">898</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">425</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">324</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">795</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3.1 Large companies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,611</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,761</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,434</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,506</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">537</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">311</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">211</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">630</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3.2 SMEs (**) and individual entrepreneurs</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,542</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,055</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,606</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,908</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">360</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">114</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">113</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">166</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">4 Rest of households and NPISHs (***)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,559</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,980</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,219</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,684</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,014</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,388</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">675</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.1 Housing</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,980</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,980</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,219</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,684</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,014</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,388</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">675</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.2 Consumption</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,579</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.3 Other purposes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><B>SUBTOTAL</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>45,724</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13,680</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,427</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,603</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,682</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,888</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,773</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,160</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">5 Less: Valuation adjustments due to impairment of assets not attributable to specific operations</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>6 TOTAL</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>45,724</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13,680</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,427</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,603</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,682</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,888</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,773</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,160</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<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="#094fa4">MEMORANDUM:</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">Forbereance operations (****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,477</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">621</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">682</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">167</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">72</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">225</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">128</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">563</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
</TABLE></DIV>
 <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">F-223 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

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<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:19pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:19pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:25pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:25pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:22pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:22pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:34pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:34pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:22pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:22pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:22pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:22pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:23pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:23pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:23pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:23pt"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="39"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ROWSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Compass Bank</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;TOTAL&nbsp;(*)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Of which:</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Mortgage&nbsp;loans&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Of
which:&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Secured&nbsp;loans&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="24" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Collateralized Credit Risk. Loan to value</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Less&nbsp;than&nbsp;or&nbsp;equal&nbsp;to&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>40%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;40%&nbsp;but&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to 60%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;60%&nbsp;but&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to 80%</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;80%&nbsp;but&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal&nbsp;to&nbsp;100%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Over&nbsp;100%&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">1 General governments</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">693</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">624</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">78</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">89</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">161</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">222</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">103</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">2 Other financial institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,464</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">431</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">752</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">214</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">229</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">216</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">58</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">467</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">3 Non-financial institutions and individual entrepreneurs</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29,521</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,711</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,439</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,059</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,778</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,009</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,218</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,087</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.1 Construction and property development</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,441</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,021</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,356</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,254</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,967</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,638</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">146</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">372</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.2 Construction of civil works</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">300</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">212</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">65</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">65</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">90</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3 Other purposes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,779</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,478</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,018</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,740</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,757</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,281</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,030</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,688</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3.1 Large companies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,663</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,105</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,749</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,530</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,557</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,038</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,960</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,768</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3.2 SMEs (**) and individual entrepreneurs</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,117</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,373</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">270</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">210</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">200</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">243</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">70</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">920</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">4 Rest of households and NPISHs (***)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,005</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,132</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,955</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,584</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,932</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,456</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,018</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,098</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.1 Housing</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,857</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,490</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">368</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">512</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,843</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,366</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,029</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">107</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.2 Consumption</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,554</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,614</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,041</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,066</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,077</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,067</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">977</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">466</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.3 Other purposes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">594</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">547</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">524</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><B>SUBTOTAL</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>51,683</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>28,899</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>17,174</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,935</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10,028</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13,841</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,515</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,754</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">5 Less: Valuation adjustments due to impairment of assets not attributable to specific operations</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>6&nbsp;&nbsp;&nbsp;&nbsp;TOTAL</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>51,683</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>28,899</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>17,174</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,935</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10,028</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13,841</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,515</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,754</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<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="#094fa4">MEMORANDUM:</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
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<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">Forbereance operations (****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">405</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">196</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">252</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">49</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">112</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">129</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">72</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
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<TD VALIGN="middle"></TD>
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<TD VALIGN="middle"></TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="39"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ROWSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Garanti Bank</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;TOTAL&nbsp;(*)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Of which:</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Mortgage&nbsp;loans&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Of
which:&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Secured&nbsp;loans&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="24" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Collateralized Credit Risk. Loan to value</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Less&nbsp;than&nbsp;or&nbsp;equal&nbsp;to&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>40%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;40%&nbsp;but&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to 60%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;60%&nbsp;but&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to 80%</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;80%&nbsp;but&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal&nbsp;to&nbsp;100%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Over&nbsp;100%&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">1 General governments</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">210</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">2 Other financial institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,133</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">3 Non-financial institutions and individual entrepreneurs</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31,889</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,562</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">665</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">122</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,246</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,860</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.1 Construction and property development</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,288</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,380</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">173</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,172</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">360</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.2 Construction of civil works</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,125</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3 Other purposes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,476</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,182</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">492</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">100</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,074</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,500</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3.1 Large companies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,664</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,719</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">263</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,324</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">619</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3.2 SMEs (**) and individual entrepreneurs</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,812</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,463</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">229</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">61</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,750</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">881</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">4 Rest of households and NPISHs (***)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,734</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,540</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">68</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,593</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.1 Housing</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,799</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,295</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,283</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.2 Consumption</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,231</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">144</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">208</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.3 Other purposes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">704</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">101</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">102</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><B>SUBTOTAL</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>48,967</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,119</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>734</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-&nbsp;&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>133</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12,840</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,878</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">5 Less: Valuation adjustments due to impairment of assets not attributable to specific operations</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>6&nbsp;&nbsp;&nbsp;&nbsp; TOTAL</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>48,967</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,119</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>734</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-&nbsp;&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>133</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12,840</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,878</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<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="#094fa4">MEMORANDUM:</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">Forbereance operations (****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,405</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">576</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">291</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">122</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
</TABLE></DIV>
 <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">F-224 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:6.5pt">


<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:19pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:19pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:25pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:25pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:22pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:22pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:34pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:34pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:22pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:22pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:22pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:22pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:23pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:23pt"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD style="width:23pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:23pt"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="39"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" ROWSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Other entities</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;TOTAL&nbsp;(*)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Of which:</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Mortgage&nbsp;loans&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ROWSPAN="2" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Of
which:&nbsp;&nbsp;</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Secured&nbsp;loans&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="24" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>Collateralized Credit Risk. Loan to value</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Less&nbsp;than&nbsp;or&nbsp;equal&nbsp;to&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>40%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;40%&nbsp;but&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to 60%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;60%&nbsp;but&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to 80%</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;80%&nbsp;but&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal&nbsp;to&nbsp;100%&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="4" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Over&nbsp;100%&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">1 General governments</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,894</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,485</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">145</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">214</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">489</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">619</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,856</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">452</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">2 Other financial institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,881</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">429</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">100</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">160</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">184</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">3 Non-financial institutions and individual entrepreneurs</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34,148</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,881</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,367</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,979</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">792</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,246</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,626</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,605</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.1 Construction and property development</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,324</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">746</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">164</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">247</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">104</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">136</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">264</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">160</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.2 Construction of civil works</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,463</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">372</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">309</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">69</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">49</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">131</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">156</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">276</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3 Other purposes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30,361</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,764</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,893</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,663</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">638</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">980</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,206</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,169</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3.1 Large companies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,744</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,163</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,905</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">553</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">320</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">663</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,332</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,200</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">3.3.2 SMEs (**) and individual entrepreneurs</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,617</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,601</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">988</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,111</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">318</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">317</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">874</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">969</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">4 Rest of households and NPISHs (***)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26,712</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,863</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">861</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,412</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,099</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,816</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,240</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,157</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.1 Housing</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,547</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,044</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,823</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">983</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,553</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,738</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,976</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.2 Consumption</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,900</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">507</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">318</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">93</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">60</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">58</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">4.3 Other purposes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,265</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">773</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">326</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">271</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">204</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">444</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">157</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4"><B>SUBTOTAL</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>67,635</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>23,261</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,802</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,705</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,539</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,693</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,728</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,398</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD>
<TD HEIGHT="5" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">5 Less: Valuation adjustments due to impairment of assets not attributable to specific operations</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>6&nbsp;&nbsp;&nbsp;&nbsp; TOTAL</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>67,635</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>23,261</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,802</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,705</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,539</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,693</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,728</B></FONT></TD>
<TD NOWRAP VALIGN="middle" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#094fa4"><B></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,398</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<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="#094fa4">MEMORANDUM:</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6.5pt">
<TD VALIGN="top"><FONT STYLE="font-size:7pt" COLOR="#094fa4">Forbereance operations (****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,447</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,161</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,724</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">162</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">86</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">228</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">141</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">226</FONT></TD>
<TD NOWRAP VALIGN="middle"></TD></TR>
</TABLE></DIV>
 <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">F-225 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">c) Information on the concentration of risk by activity and geographical areas. </FONT></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="95%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt">


<TR STYLE="visibility:hidden; line-height:0pt; color:white">
<TD WIDTH="55%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap STYLE="Times New Roman; ">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap STYLE="Times New Roman; ">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap STYLE="Times New Roman; ">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap STYLE="Times New Roman; ">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD nowrap STYLE="Times New Roman; ">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions&nbsp;of&nbsp;Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="3" VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt" BGCOLOR="#009ee5">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="13" COLSPAN="2" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="13" COLSPAN="2" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="13" COLSPAN="2" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="13" COLSPAN="4" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;TOTAL(*)&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Spain</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>European&nbsp;Union</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Other</B></FONT></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>America</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Other</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">84,381&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,198&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,552&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,498&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,133&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">General governments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">134,261&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">61,495&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,865&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47,072&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,829&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Central Administration</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">92,155&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39,080&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,550&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,758&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,768&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42,105&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,415&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">315&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,314&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">61&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other financial institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47,029&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,942&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,881&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,631&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,576&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Non-financial institutions and individual entrepreneurs</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">249,322&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">69,833&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26,335&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">98,797&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54,357&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Construction and property development</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,141&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,572&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">371&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,988&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,209&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Construction of civil works</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,185&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,180&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,493&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,803&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,709&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other purposes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">211,996&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">58,080&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,471&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">83,005&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47,439&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Large companies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">158,356&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35,514&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,074&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">64,940&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35,828&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">SMEs and individual entrepreneurs</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53,640&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,566&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,397&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,065&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,611&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other households and NPISHs</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">179,051&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">96,345&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,796&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62,836&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,073&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Housing</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">127,607&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">85,763&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,025&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32,775&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,044&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Consumer</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44,504&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,230&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">642&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,398&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,234&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other purposes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,939&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,352&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">129&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,663&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">795&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>SUBTOTAL</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">694,044&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">256,813&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">100,428&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">238,834&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">97,968&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Less: Valuation adjustments due to impairment of assets not attributable to specific operations</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TOTAL</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>694,044&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>256,813&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>100,428&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>238,834&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>97,968&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:24pt; margin-bottom:0pt; margin-left:7%; font-size:8pt; font-family:ARIAL" ALIGN="justify">(*) The definition of risk for the purpose of this statement includes the following items on the
public balance sheet: Loans and advances to credit institutions, Loans and advances to customers, Debt securities, Equity instruments, Other equity securities, Derivatives, Trading Derivatives, Derivatives &#150; Hedge accounting derivatives,
Investments in subsidiaries, joint ventures and associates and guarantees given and Contingent risks. The amounts included in this table are net of impairment losses. </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">F-226 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

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<TD></TD>
<TD nowrap STYLE="Times New Roman; ">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions&nbsp;of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="3" VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt" BGCOLOR="#009ee5">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="13" COLSPAN="2" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="13" COLSPAN="2" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="13" COLSPAN="2" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="13" COLSPAN="4" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>TOTAL(*)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Spain</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>European&nbsp;Union<BR>Other</B></FONT></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>America</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Other</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">81,106&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,014&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">37,738&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,675&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,679&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">General governments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">151,919&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">74,931&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,393&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50,242&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,354&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Central Administration</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">107,118&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">48,617&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,786&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32,401&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,314&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44,801&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26,314&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">607&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,840&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other financial institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46,744&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,768&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,623&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,324&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,029&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Non-financial institutions and individual entrepreneurs</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">248,207&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">72,710&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26,561&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">94,632&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54,305&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Construction and property development</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,484&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,862&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">278&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,946&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,397&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Construction of civil works</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,540&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,687&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,149&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,497&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,207&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other purposes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">209,183&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">58,161&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24,134&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">79,188&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47,701&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Large companies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">144,990&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34,358&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,399&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">52,704&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35,529&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">SMEs and individual entrepreneurs</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">64,193&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,803&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,734&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26,484&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,172&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other households and NPISHs</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">182,335&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">100,510&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,832&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">61,084&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,910&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Housing</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">127,261&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">88,185&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,103&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29,794&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,179&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Consumer</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42,221&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,728&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">649&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24,799&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,044&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other purposes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,853&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,597&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">80&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,490&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">686&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>SUBTOTAL</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">710,311&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">277,932&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">96,146&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">239,956&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">96,276&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Less: Valuation adjustments due to impairment of assets not attributable to specific operations</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4,313)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TOTAL</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>705,998&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
</TABLE></DIV> <P STYLE="font-size:24pt;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 style = "page-break-inside:avoid">
<TD WIDTH="3%">&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 definition of risk for the purpose of this statement includes the following items on the public balance sheet: Loans
and advances to credit institutions, Loans and advances to customers, Debt securities, Equity instruments, Derivatives, Derivatives, Derivatives &#150; Hedge accounting, Investments in subsidiaries, joint ventures and associates and guarantees
given. The amounts included in this table are net of impairment losses. </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">F-227 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap STYLE="Times New Roman; ">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
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<TD nowrap STYLE="Times New Roman; ">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
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<TD nowrap STYLE="Times New Roman; ">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD nowrap STYLE="Times New Roman; ">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD nowrap STYLE="Times New Roman; ">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="3" VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt" BGCOLOR="#009ee5">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="13" COLSPAN="2" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="13" COLSPAN="2" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="13" COLSPAN="2" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="13" COLSPAN="4" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December 2014</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>TOTAL(*)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Spain</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Rest of</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>European&nbsp;Union</B></FONT></P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>America</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="3" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Other</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">79,081&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,764&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41,614&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,454&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,249&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">General governments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">139,222&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">71,274&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,540&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53,718&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">690&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Central Administration</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">94,079&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">43,114&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,036&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">37,391&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">538&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">45,143&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,160&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">504&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,327&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">152&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other financial institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41,477&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,639&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,811&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,772&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">255&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Non-financial institutions and individual entrepreneurs</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">182,632&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">70,830&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,399&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">82,737&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,666&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Construction and property development</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,468&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,946&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">69&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,447&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Construction of civil works</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,436&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,025&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,615&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,723&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">73&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other purposes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">156,728&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">59,859&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21,715&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">69,567&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,587&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Large companies</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">106,448&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41,167&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,189&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41,337&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,755&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">SMEs and individual entrepreneurs</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50,280&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,692&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,526&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,230&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">832&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other households and NPISHs</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">154,287&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">83,501&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,438&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67,109&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">239&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Housing</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">109,046&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">74,799&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,766&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31,278&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">203&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Consumer</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28,642&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,699&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">562&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,378&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other purposes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,599&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,003&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">110&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,453&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>SUBTOTAL</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">596,699&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">254,008&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">93,802&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">234,790&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,099&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Less: Valuation adjustments due to impairment of assets not attributable to specific operations</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,629&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TOTAL</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>594,070&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>254,008&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>93,802&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>234,790&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,099&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></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 style = "page-break-inside:avoid">
<TD WIDTH="3%">&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 definition of risk for the purpose of this statement includes the following items on the public balance sheet: Loans
and advances to credit institutions, Loans and advances to customers, Debt securities, Equity instruments, Derivatives, Derivatives, Derivatives &#150; Hedge accounting, Investments in subsidiaries, joint ventures and associates and guarantees
given. The amounts included in this table are net of impairment losses. </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">F-228 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4"><A NAME="fin368256_74"></A>APPENDIX X Additional information on Risk Concentration </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; font-size:13pt; font-family:ARIAL"><FONT COLOR="#006ec1">a) Sovereign risk exposure </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The table below provides a breakdown of exposure to financial assets (excluding derivatives and equity instruments), as of December&nbsp;31, 2016 and
2015 by type of counterparty and the country of residence of such counterparty. The below figures do not take into account accumulated other comprehensive income, impairment losses or loan-loss provisions: </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:ARIAL; font-size:11pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:10.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:12pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Sovereign&nbsp;Risk&nbsp;(*)</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="middle"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#fcfcfc">Risk Exposure by Countries</FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-TOP:1.00pt solid #ffffff"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc">December</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:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc">2016</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt solid #ffffff; BORDER-RIGHT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" STYLE="BORDER-TOP:1.00pt solid #ffffff"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT
 COLOR="#fcfcfc">December</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:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc">2015</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.00pt solid #ffffff">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Spain</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">60,434</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">74,020</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,478</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,037</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Italy</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12,206</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,694</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">France</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">518</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,029</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Portugal</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">586</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">704</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Germany</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">521</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">560</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">United Kingdom</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Ireland</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Greece</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of Europe</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">940</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,278</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal Europe</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>85,699</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>100,327</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26,942</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,192</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">The United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,039</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,378</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Venezuela</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">179</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">152</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of countries</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,814</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,711</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:11pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Total Rest of Countries</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>46,974</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>37,433</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total Exposure to Financial Instruments</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>132,674</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>137,760</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:3%; margin-right:10%; font-size:8pt; font-family:ARIAL" ALIGN="justify">(*) In addition, as of December&nbsp;31, 2016 and 2015, undrawn lines of credit,
granted mainly to the Spanish General Governments and amounted to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>2,864&nbsp;million and, <FONT STYLE="font-family:Times New Roman">&#128;</FONT>2,584&nbsp;million, respectively. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The exposure to sovereign risk set out in the above table includes positions held in government debt securities in countries where the Group operates.
They are used for ALCO&#146;s management of the interest-rate risk on the balance sheets of the Group&#146;s entities in these countries, as well as for hedging of pension and insurance commitments by insurance entities within the BBVA Group. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Sovereign risk exposure in Europe </FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The
table below provides a breakdown of the exposure of the Group&#146;s credit institutions to European sovereign risk as of December&nbsp;31, 2016 and 2015 by type of financial instrument and the country of residence of the counterparty, under EBA
(European Banking Authority) requirements: </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">F-229 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="middle" COLSPAN="14" ROWSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Debt&nbsp;securities</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="3" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Loans and<BR>receivables</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="3" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Derivatives</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="3" STYLE="BORDER-TOP:1.50pt solid #ffffff; BORDER-RIGHT:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="3" STYLE="BORDER-TOP:1.50pt solid #ffffff; BORDER-RIGHT:1.50pt solid #ffffff; padding-right:2pt" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Direct exposure</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Indirect exposure</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Exposure&nbsp;to&nbsp;Sovereign&nbsp;Risk&nbsp;by</FONT></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">European Union Countries</FONT></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">December 2016</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Financial<BR>Assets&nbsp;Held-<BR>for-Trading</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Financial<BR>assets<BR>designated<BR>at&nbsp;fair&nbsp;value<BR>through<BR>profit or<BR>loss</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Available-<BR>for-Sale<BR>Financial<BR>Assets</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #ffffff"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Held -to-<BR>maturity<BR>investment</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Notional<BR>value</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Fair&nbsp;value&nbsp;+</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Fair&nbsp;value&nbsp;-</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Notional<BR>value</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Fair&nbsp;value&nbsp;+</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Fair&nbsp;value&nbsp;-</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Spain</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">927</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,385</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,063</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24,835</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,786</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">88</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(27</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(744</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">993</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,569</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">47,737</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">81%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Italy</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,973</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,806</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,719</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">60</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,321</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,271</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(866</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,641</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">France</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">250</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(63</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">248</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Germany</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">82</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">203</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(249</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Portugal</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">285</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,150</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(215</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,280</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">United Kingdom</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(0</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Greece</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Hungary</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Ireland</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of European Union</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">195</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">469</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">736</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total Exposure to Sovereign Counterparties (European Union)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,482</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>18,660</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10,783</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>25,259</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,936</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>88</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(242</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,053</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,527</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,759</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>58,680</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>100%</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:4pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">This table shows sovereign risk balances with EBA criteria. Therefore, sovereign risk of the Group&#146;s insurance
companies (<FONT STYLE="font-family:Times New Roman">&#128;</FONT>10,443 million as of December&nbsp;31, 2016) is not included. </P></TD></TR></TABLE> <P STYLE="font-size:4pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Includes credit derivatives CDS (Credit Default Swaps) shown at fair value. </P></TD></TR></TABLE>
<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:ARIAL; font-size:5pt" ALIGN="center">


<TR>
<TD WIDTH="53%"></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>
<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="page-break-inside:avoid ; 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"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></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 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="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="14" ROWSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Debt&nbsp;securities</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Loans and<BR>receivables</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="3" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Derivatives(2)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="3" STYLE="BORDER-TOP:1.50pt solid #ffffff; BORDER-RIGHT:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="3" STYLE="BORDER-TOP:1.50pt solid #ffffff; BORDER-RIGHT:1.50pt solid #ffffff; padding-right:2pt" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Direct exposure</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Indirect exposure</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Exposure&nbsp;to&nbsp;Sovereign&nbsp;Risk&nbsp;by</FONT></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">European Union Countries(1)</FONT></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">December 2015</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Financial<BR>Assets&nbsp;Held-<BR>for-Trading</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Financial<BR>assets<BR>designated<BR>at&nbsp;fair&nbsp;value<BR>through<BR>profit or<BR>loss</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Available-<BR>for-Sale<BR>Financial<BR>Assets</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #ffffff"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Held -to-<BR>maturity<BR>investment</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Notional<BR>value</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Fair&nbsp;value&nbsp;+</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Fair&nbsp;value&nbsp;-</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Notional<BR>value</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Fair&nbsp;value&nbsp;+</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Fair&nbsp;value&nbsp;-</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Spain</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,293</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31,621</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26,111</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,871</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">125</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(37</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,785</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">82</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(84</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">63,112</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">85.7%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Italy</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,205</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,385</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">80</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">258</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(26</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,656</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11.8%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">France</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">531</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">141</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(31</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">546</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.7%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Germany</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">162</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">166</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(21</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">141</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.2%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Portugal</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">179</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">428</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,161</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(225</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">90</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">384</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.5%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">United Kingdom</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.0%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Greece</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.0%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Hungary</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.0%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Ireland</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0.0%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of European Union</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">319</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">429</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">794</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1.1%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total Exposure to Sovereign Counterparties (European Union)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,689</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>39,446</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>26,691</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,033</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>127</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(263</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,084</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>115</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(172</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>73,634</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>100%</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:4pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">This table shows sovereign risk balances with EBA criteria. Therefore, sovereign risk of the Group&#146;s insurance
companies (<FONT STYLE="font-family:Times New Roman">&#128;</FONT>6,300 million as of December&nbsp;31, 2015) is not included. </P></TD></TR></TABLE> <P STYLE="font-size:4pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Includes credit derivatives CDS (Credit Default Swaps) shown at fair value. </P></TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016 and 2015 the breakdown of total exposure faced by the Group&#146;s credit institutions to Spain and other countries, by
maturity of the financial instruments, is as follows: </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:ARIAL; font-size:5pt" ALIGN="center">


<TR>
<TD WIDTH="59%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; 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"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></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 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="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="14" ROWSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Debt&nbsp;securities</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Loans and<BR>receivables</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="3" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Derivatives</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="3" STYLE="BORDER-TOP:1.50pt solid #ffffff; BORDER-RIGHT:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="3" STYLE="BORDER-TOP:1.50pt solid #ffffff; BORDER-RIGHT:1.50pt solid #ffffff; padding-right:2pt" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Direct exposure</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Indirect exposure</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Maturities&nbsp;of Sovereign&nbsp;Risks</FONT></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">European Union</FONT></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">December 2016</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Financial<BR>Assets&nbsp;Held-<BR>for-Trading</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Financial<BR>assets<BR>designated<BR>at&nbsp;fair&nbsp;value<BR>through<BR>profit or<BR>loss</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Available-<BR>for-Sale<BR>Financial<BR>Assets</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #ffffff"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Held -to-<BR>maturity<BR>investment</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Notional<BR>value</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Fair&nbsp;value&nbsp;+</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Fair&nbsp;value&nbsp;-</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Notional<BR>value</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Fair&nbsp;value&nbsp;+</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Fair&nbsp;value&nbsp;-</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Spain</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>927</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13,385</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,063</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>24,835</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,786</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>88</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(27</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(744</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>993</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,569</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>47,737</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>81%</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Up to 1 Year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">913</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">889</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,989</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,087</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(736</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">993</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,564</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,571</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">1 to 5 Years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,272</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,116</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,319</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,059</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,209</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(0</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,004</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Over 5 Years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,259</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,380</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,755</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,595</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">577</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">56</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(27</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,068</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Rest of European Union</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,554</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,275</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,719</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>424</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,150</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>0</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(215</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,309</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,534</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,191</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10,943</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>19%</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Up to 1 Year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(395</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,721</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,507</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,054</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,623</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-3%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">1 to 5 Years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,535</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,050</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,958</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">247</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">381</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">194</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(50</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,322</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Over 5 Years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,414</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,186</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">761</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">175</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">770</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(203</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">218</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(86</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,243</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total Exposure to European Union Sovereign Counterparties</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,482</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>18,660</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10,783</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>25,259</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,936</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>88</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(242</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,053</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,527</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,759</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>58,680</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>100.0%</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-230 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TR>
<TD WIDTH="52%"></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>
<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="page-break-inside:avoid ; 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"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></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 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="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="14" ROWSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Debt&nbsp;securities</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Loans and<BR>receivables</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="3" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Derivatives</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="3" STYLE="BORDER-TOP:1.50pt solid #ffffff; BORDER-RIGHT:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ROWSPAN="3" STYLE="BORDER-TOP:1.50pt solid #ffffff; BORDER-RIGHT:1.50pt solid #ffffff; padding-right:2pt" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Direct exposure</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Indirect exposure</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Maturities of Sovereign Risks</FONT></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">European Union</FONT></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">December 2015</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Financial<BR>Assets&nbsp;Held-<BR>for-Trading</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Financial<BR>assets<BR>designated<BR>at&nbsp;fair&nbsp;value<BR>through<BR>profit or<BR>loss</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Available-<BR>for-Sale<BR>Financial<BR>Assets</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-TOP:1.50pt solid #ffffff"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Held -to-<BR>maturity<BR>investment</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Notional<BR>value</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Fair&nbsp;value&nbsp;+</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Fair&nbsp;value&nbsp;-</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Notional<BR>value</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Fair&nbsp;value&nbsp;+</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Fair&nbsp;value&nbsp;-</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Spain</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,293</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>31,621</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>26,111</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,871</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>125</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(37</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,785</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>82</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(84</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>63,112</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>86%</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Up to 1 Year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,552</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,665</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,267</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">242</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(19</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,721</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">79</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(77</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,469</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27.8%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">1 to 5 Years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">662</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,890</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,693</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">932</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(48</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,269</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31.6%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Over 5 Years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">79</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,067</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,151</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">698</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">98</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,373</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26.3%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Rest of European Union</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,396</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,825</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>580</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,161</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(225</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>702</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>32</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(88</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10,522</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14.3%</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Up to 1 Year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,943</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">319</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">292</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,005</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2.7%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">1 to 5 Years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">237</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,150</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">245</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">161</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(29</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,626</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6.3%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; font-size:5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Over 5 Years</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">216</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,635</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">311</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">842</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(221</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">248</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(53</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,891</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5.3%</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total Exposure to European Union Sovereign Counterparties</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,689</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>39,446</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>26,691</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,033</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>127</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(263</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,084</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>115</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(172</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>73,634</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>100.0%</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-231 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:13pt; font-family:ARIAL"><FONT COLOR="#006ec1">b) Concentration of risk on activities in the real-estate market in Spain </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#006ec1">Quantitative information on activities in the real-estate market in Spain </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The following quantitative information on real-estate activities in Spain has been prepared using the reporting models required by Bank of Spain
Circular 5/2011, of November&nbsp;30. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016 and 2015, exposure to the construction sector and real-estate activities in
Spain stood at <FONT STYLE="font-family:Times New Roman">&#128;</FONT>15,285 and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>18,744&nbsp;million, respectively. Of that amount, risk from loans to construction and real-estate development
activities accounted for <FONT STYLE="font-family:Times New Roman">&#128;</FONT>7,930 and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>9,681&nbsp;million, respectively, representing 4.5% and 6.0% of loans and advances to customers of the
balance of business in Spain (excluding the general governments) and 1.1% and 1.3% of the total assets of the Consolidated Group. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Lending for real estate
development of the loans as of December&nbsp;31, 2016 and 2015 is shown below: </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:8.5pt" ALIGN="center">


<TR>
<TD WIDTH="93%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Financing Allocated to Construction and Real Estate</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Development and its Coverage</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gross</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Amount&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Drawn&nbsp;Over</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>the</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Guarantee</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Value</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Accumulated</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>impairment</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>Financing to construction ans real estate development</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4"><B>(including land) (Business in Spain)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>7,930</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,449</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,944</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Of which: Impaired assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,095</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,680</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2,888</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Memorandum item:</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Write-offs</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,061</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Memorandum item:</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Total loans and advances to customers, excluding the</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">General Goverments (Business in Spain)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">159,492</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Total consolidated assets (total business)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">731,856</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Impairment and provisions for normal exposures</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5,830)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="12"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Financing Allocated by credit institutions to Construction and</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Real Estate Development and lending for house purchase</B></FONT></P></TD>

<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gross</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Amount&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Drawn&nbsp;Over</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>the</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Guarantee</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Value</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Accumulated</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>impairment</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Financing to construction ans real estate development (including land) (Business in Spain)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>9,681</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,132</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,801</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Of which: Impaired assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,231</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,087</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3,600</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Memorandum item:</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Write-offs</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,741</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Memorandum item:</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Total loans and advances to customers, excluding the</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">General Goverments (Business in Spain)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">161,416</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Total consolidated assets (total business)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">750,078</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Impairment and provisions for normal exposures</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4,549)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="bottom" BGCOLOR="#bfbfbf">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></TD>
<TD VALIGN="middle" BGCOLOR="#bfbfbf"></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">F-232 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The following is a description of the real estate credit risk based on the types of associated guarantees: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="88%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="96%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Financing Allocated by credit institutions to</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Construction and Real Estate Development and lending</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>for house purchase</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2016</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Without secured loan</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>801</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,157</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>With secured loan</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,129</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>8,524</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Terminated buildings</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,875</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,941</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Homes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,954</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,112</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">921</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">829</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Buildings under construction</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">760</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">688</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Homes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">633</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">660</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">127</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Land</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,494</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,895</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Urbanized land</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,196</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,541</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of land</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,298</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,354</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,930</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,681</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016 and 2015, 48.9% and 51.0% of loans to developers were guaranteed with buildings (76.2% and
83.2%, are homes), and only 31.5% and 29.9% by land, of which 48.0% and 53.2% are in urban locations, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The table below provides the breakdown of the
financial guarantees given as of December&nbsp;31, 2016 and 2015: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="88%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="96%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions&nbsp;of&nbsp;Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Financial guarantees given</B></FONT></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Houses purchase loans</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">62</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">57</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Without mortgage</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The information on the retail mortgage portfolio risk (housing mortgage) as of December&nbsp;31, 2016 and 2015 is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="88%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="96%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Financing Allocated by credit institutions to</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Construction and Real Estate Development and lending</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>for house purchase December 2016</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gross&nbsp;amount</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Of&nbsp;which:</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>impaired&nbsp;loans</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Houses purchase loans</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">87,874</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>4,938</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Without mortgage</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,935</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>93</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">With mortgage</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">85,939</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>4,845</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></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">F-233 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TR>
<TD WIDTH="96%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Financing Allocated by credit institutions to</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Construction and Real Estate Development and lending</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>for house purchase December 2015</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Gross&nbsp;amount</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Of which:</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>impaired&nbsp;loans</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Houses purchase loans</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">91,150</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>4,869</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">With mortgage</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,480</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>24</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Without mortgage</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">89,670</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><I>4,845</I></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The loan to value (LTV) ratio of the above portfolio is as follows: </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:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="88%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Total risk over the amount of the last valuation available (</B><I></I><B><I>Loan To
Value</I></B><I>-</I><B>LTV</B><I></I><B>)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>LTV Breakdown of mortgage to households</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>for the purchase of a home</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>(Business in Spain)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Less than or</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal&nbsp;to&nbsp;40%</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;40%&nbsp;but</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to 60%</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;60%&nbsp;but</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to 80%</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;80%&nbsp;but</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>100%</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Over&nbsp;100%&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Gross amount</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,780</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,223</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,705</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,967</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,264</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">85,939</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>of which: Impaired loans</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">306</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">447</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">747</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">962</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,383</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,845</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <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:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="88%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Total risk over the amount of the last valuation available (</B><I></I><B><I>Loan To
Value</I></B><I>-</I><B>LTV</B><I></I><B>)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.50pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>LTV Breakdown of mortgage to households</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>for the purchase of a home</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>(Business in Spain)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Less than or</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal&nbsp;to&nbsp;40%</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;40%&nbsp;but</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to 60%</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;60%&nbsp;but</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to 80%</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Over&nbsp;80%&nbsp;but</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>less than or</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>equal to</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>100%</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Over&nbsp;100%&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Gross amount</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,294</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27,032</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30,952</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,489</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,903</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">89,670</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>of which: Impaired loans</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">202</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">392</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">771</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">991</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,489</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,845</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Outstanding home mortgage loans as of December&nbsp;31, 2016 and 2015 had an average LTV of 47% and 46% respectively. </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">F-234 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of foreclosed, acquired, purchased or exchanged assets from debt from loans relating to
business in Spain, as well as the holdings and financing to non-consolidated entities holding such assets is 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:8pt" ALIGN="center">


<TR>
<TD WIDTH="59%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="14" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Information about Assets Received in Payment of Debts</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>(Business in Spain)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Gross&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Value</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Provisions&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Of which:</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Valuation<BR>adjustments on<BR>&nbsp;&nbsp;impaired&nbsp;assets,&nbsp;&nbsp;&nbsp;&nbsp;<BR>at the time
of<BR>foreclosure</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Carrying&nbsp;&nbsp;&nbsp;&nbsp;<BR>Amount</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Real estate assets from loans to the construction and real estate development sectors in Spain.</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>8,017</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>5,290</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B><I>&nbsp;</I></B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B><I>2,790</I></B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B><I>&nbsp;</I></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,727</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Terminated buildings</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,602</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,346</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>688</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,256</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Homes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,586</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">801</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>408</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">785</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,016</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">545</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>280</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">471</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Buildings under construction</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">665</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">429</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>203</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">236</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Homes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">642</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">414</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>195</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">228</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>8</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Land</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,750</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,515</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>1,899</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,235</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Urbanized land</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,240</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,382</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>1,364</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">858</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of land</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,510</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,133</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>535</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">377</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Real estate assets from mortgage financing for households for the purchase of a home</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,332</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,588</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>1,069</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>1,744</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Rest of foreclosed real estate assets</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>1,856</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>1,006</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>225</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>850</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Equity instruments, investments and financing to non-consolidated companies holding said assets</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>1,240</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>549</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><I>451</I></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><I>&nbsp;</I></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>691</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>15,445</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>9,433</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,535</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>6,012</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="14" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Information about Assets Received in Payment of Debts</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>(Business in Spain)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Gross&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Value</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Provisions&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Of which:</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Valuation<BR>adjustments on<BR>&nbsp;&nbsp;impaired&nbsp;assets,&nbsp;&nbsp;&nbsp;&nbsp;<BR>at the time
of<BR>foreclosure</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Carrying&nbsp;&nbsp;&nbsp;&nbsp;<BR>Amount</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Real estate assets from loans to the construction and real estate development sectors in Spain.</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>8,938</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>5,364</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,838</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,574</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Finished buildings</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,981</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,498</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">737</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,483</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Homes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,606</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">767</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">388</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">839</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,375</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">731</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">349</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">644</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Buildings under construction</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">745</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">422</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">204</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">323</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Homes</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">714</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">400</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">191</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">314</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Land</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,212</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,444</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,897</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,768</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Urbanized land</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,632</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,404</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,366</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,228</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of land</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,580</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,040</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">531</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">540</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Real estate assets from mortgage financing for households for the purchase of a home</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,937</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,687</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>1,143</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,250</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Rest of foreclosed real estate assets</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>1,368</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>678</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>148</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>690</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Equity instruments, investments and financing to non-consolidated companies holding said assets</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>895</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>532</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>433</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>363</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>16,138</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,261</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,562</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,877</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016 and 2015, the gross book value of the Group&#146;s real-estate assets from corporate
financing of real-estate construction and development was <FONT STYLE="font-family:Times New Roman">&#128;</FONT>8,017 and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>8,938&nbsp;million, respectively, with an average coverage ratio of
66.0% and 60.0%, respectively. </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">F-235 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The gross book value of real-estate assets from mortgage lending to households for home purchase as of
December&nbsp;31, 2016 and 2015, amounted to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>4,332 and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>4,937&nbsp;million, respectively, with an average coverage ratio of 59.7% and 54.4%,
respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016 and 2015, the gross book value of the BBVA Group&#146;s total real-estate assets (business in Spain),
including other real-estate assets received as debt payment, was <FONT STYLE="font-family:Times New Roman">&#128;</FONT>14,205 and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>15,243&nbsp;million, respectively. The coverage ratio was 62.5%
and 57.3%, respectively. </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">F-236 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:13pt; font-family:ARIAL"><FONT COLOR="#006ec1">c) Concentration of risk by geography </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Below is a breakdown of the balances of financial instruments registered in the accompanying consolidated balance sheets by their concentration in
geographical areas and according to the residence of the customer or counterparty. It does not take into account impairment losses or loan-loss provisions: </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:8pt" ALIGN="center">


<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<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"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Risks by Geographical Areas</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2016</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spain&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Europe,</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Excluding&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Spain</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Mexico&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;USA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Turkey&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>South</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;America&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Other&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Derivatives</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,143</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>26,176</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,719</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,045</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>175</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,359</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,339</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>42,955</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Equity instruments (*)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,641</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,303</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,383</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>831</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>57</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>316</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>706</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11,236</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Debt securities</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>49,355</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>20,325</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22,380</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>18,043</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11,695</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,262</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,923</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>130,983</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Central banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,237</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,253</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">General governments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40,172</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,282</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,771</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,446</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,258</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,257</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">240</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">98,426</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,781</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,465</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">257</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">112</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,331</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,459</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">869</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,275</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other financial corporations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,959</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,181</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">352</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,142</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">347</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">379</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,376</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non-financial corporations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">443</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,397</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,000</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,343</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">90</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">961</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">418</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,653</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Loans and advances</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>187,717</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>45,075</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>52,230</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>61,739</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>61,090</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>58,020</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,067</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>470,938</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Central banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">158</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,722</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,994</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,894</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">General governments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,741</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">424</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,262</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,593</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">217</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,380</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">256</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34,873</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,225</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,154</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,967</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,351</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,194</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,515</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,011</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31,416</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other financial corporations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,339</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,213</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,171</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,648</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,620</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">886</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">214</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,091</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non-financial corporations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54,112</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,818</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,256</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34,330</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34,471</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26,024</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,371</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">186,384</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Households</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">102,299</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,308</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,552</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,818</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,866</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25,221</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">216</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">192,281</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total Risk in Financial Assets</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>248,856</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>93,880</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>79,712</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>84,657</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>73,016</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>66,956</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,036</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>656,112</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loan commitments given</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31,477</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,219</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,060</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">34,449</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,912</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,161</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">976</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">107,254</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial guarantees given</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,853</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,504</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">121</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">819</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,184</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,072</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">714</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,267</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other Commitments given</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,610</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,154</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,364</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,911</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,002</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,779</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,771</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42,592</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Off-balance sheet exposures</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>49,940</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>36,878</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,545</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>38,179</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,098</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11,012</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,461</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>168,113</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total Risks in Financial Instruments</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>298,796</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>130,757</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>94,257</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>122,836</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>87,114</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>77,968</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12,497</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>824,225</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Equity instruments are shown net of valuation adjustment. </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">F-237 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<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"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></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 BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Risks by Geographical Areas</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2015</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spain&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Europe,</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Excluding&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Spain</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Mexico&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;USA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Turkey&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>South</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;America&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Other&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Derivatives</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,627</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>25,099</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,707</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,989</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>139</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,116</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,225</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>40,902</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Equity instruments (*)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,061</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,103</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,328</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,077</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>65</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>317</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>987</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11,937</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Debt securities</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>62,668</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>21,589</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>25,464</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>19,132</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13,388</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,317</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,302</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>151,859</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Central banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,504</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,519</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">General governments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">50,877</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,571</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,199</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,373</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,760</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,330</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">321</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">112,432</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,123</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,706</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">419</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">92</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,450</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,183</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">999</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,971</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other financial corporations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,352</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,818</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">536</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,606</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">311</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">425</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,074</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non-financial corporations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">317</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,494</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,309</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,061</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">152</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">990</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">541</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,864</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Loans and advances</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>204,090</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>40,547</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>61,112</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>68,235</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>63,447</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>59,001</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>5,842</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>502,271</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Central banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,657</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,955</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,013</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,816</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,281</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,463</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">91</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36,275</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">General governments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23,549</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">580</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,241</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,443</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">271</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,318</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">209</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38,611</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,206</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,265</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5,257</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,742</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,914</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,676</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,017</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33,076</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other financial corporations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,946</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,215</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,824</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,483</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,820</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">811</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">270</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,368</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non-financial corporations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">59,576</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,132</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17,525</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32,605</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33,647</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24,060</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,043</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">185,588</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Households</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">105,157</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,400</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">24,252</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,147</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,514</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21,673</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">212</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">194,353</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total Risk in Financial Assets</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>279,445</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>89,338</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>90,611</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>91,432</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>77,038</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>68,751</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10,355</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>706,969</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loan commitments given</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">30,006</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,878</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,702</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33,183</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13,108</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,618</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,124</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">123,620</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Financial guarantees given</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,524</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,736</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">161</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">949</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,126</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,087</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">593</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,176</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other Commitments given</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,866</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,646</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">327</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,409</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,527</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,822</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,216</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">42,813</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Off-balance sheet exposures</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>48,396</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>36,260</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>23,191</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>37,541</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>24,762</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>12,527</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,933</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>185,609</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total Risks in Financial Instruments</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>327,841</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>125,597</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>113,801</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>128,973</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>101,800</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>81,278</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>13,288</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>892,578</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;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 style = "page-break-inside:avoid">
<TD WIDTH="7%">&nbsp;</TD>
<TD WIDTH="3%" 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">Equity instruments are shown net of valuation adjustment. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the main figures in the most significant foreign currencies in the accompanying consolidated balance sheets is set forth in Appendix
VII. </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">F-238 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of loans and advances in the heading of Loans and receivables, impaired by geographical area
as of December&nbsp;31, 2016, 2015 and 2014 is as follows: </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="60%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="94%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Impaired Financial Assets by geographic
area</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December&nbsp;2016</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December&nbsp;2015</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December&nbsp;2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Spain</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16,812</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,921</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,127</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of Europe</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">704</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">790</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">554</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,152</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,277</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,378</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">South America</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,589</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,162</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,208</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">The United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">975</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">579</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">459</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Turkey</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,693</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,628</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of the world</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>IMPAIRED RISKS</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22,925</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>25,358</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22,726</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-239 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#006ec1">d) Other risk information </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The breakdown of impaired loans by sector as of December&nbsp;31, 2014 is shown below: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="82%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7.5pt" ALIGN="center">


<TR>
<TD WIDTH="95%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2014</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Impaired risks in the balance</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Breakdowns by sector (*)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Portfolio&nbsp;impaired&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Impairment&nbsp;for&nbsp;portfolio&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;<BR>impaired</B></FONT></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Domestic impaired loans</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Government</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">172</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">0</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(0</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other sectors</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">18,388</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(8,814</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Agriculture</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">136</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(67</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Industry</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,500</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(789</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Real estate and construction</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,941</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5,051</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Trade and finance</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,370</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(661</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans to individuals</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,981</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,549</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,459</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(697</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal domestic impaired loans</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>18,560</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(8,834</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Foreign impaired loans</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Government</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(22</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other sectors</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,131</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,666</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Agriculture</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">114</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(26</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Industry</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">310</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(34</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Real estate and construction</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">304</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(110</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Trade and finance</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">224</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(79</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Loans to individuals</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,156</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(991</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,023</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(426</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">)&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Subtotal foreign impaired loans</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,166</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,689</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Collective allowandces for incurred but not reported losses</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,750</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22,726</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(14,273</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>)&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Below are the details of the impaired financial assets as of December&nbsp;31, 2014, classified by geographical area and
by the time since their oldest past-due amount or the period since they were deemed impaired: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="88%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7.5pt" ALIGN="center">


<TR>
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2014</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Impaired Financial Assets by geographic area and time since</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>oldest past-due Amount</B></FONT></P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Less&nbsp;than&nbsp;6&nbsp;Month&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Past-Due</B></FONT></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;6&nbsp;to&nbsp;12&nbsp;Months&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Past-Due</B></FONT></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>More than 1</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B><FONT STYLE="white-space:nowrap">&nbsp;&nbsp;&nbsp;&nbsp;year&nbsp;Past-Due&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Spain</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8,542</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,366</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,219</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">19,127</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of Europe</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">432</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">73</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">49</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">554</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mexico</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">727</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">218</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">433</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,378</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">South America</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">856</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">186</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">166</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,208</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">The United States</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">391</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">459</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#094fa4">Rest of the world</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>10,948</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,866</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,911</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22,726</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-240 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The table below provides details by counterpart and by product of past due risks as of December&nbsp;31,
2014 but not considered to be impaired, listed by their first past-due date: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="98%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="94%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2014</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Financial Assets Past Due but Not Impaired by counterpart</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Less&nbsp;than&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>1 Month</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Past-Due</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;1&nbsp;to&nbsp;2&nbsp;Months&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Past-Due</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;2&nbsp;to&nbsp;3&nbsp;Months&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Past-Due</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,286</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">794</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">657</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Central banks</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">General Governments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions and other financial corporations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non-financial corporations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">849</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">347</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">136</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Households</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,398</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">446</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">451</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt securities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,286</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>794</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>657</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="99%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="94%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2014</B></FONT></P> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Financial Assets Past Due but Not Impaired by product</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Less&nbsp;than&nbsp;1&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Month</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Past-Due</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;1&nbsp;to&nbsp;2&nbsp;Months&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Past-Due</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;2&nbsp;to&nbsp;3&nbsp;Months&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Past-Due</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">On demand</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">77</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Credit card</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">128</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Trade recivables</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">271</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Finance leases</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">167</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other term loans</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,603</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">697</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">592</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Advances and other</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">40</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,286</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>794</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>657</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Of which: by type of collateral</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mortgage loans</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,005</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">539</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">53</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other collateralized loans</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">209</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Below are the details of the impaired financial assets as of December&nbsp;31, 2014 classified by type of loan according
to its associated guarantee, and by the time since their oldest past-due amount or the period since they were deemed impaired: </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:ARIAL; font-size:7pt" ALIGN="center">


<TR>
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">December 2014</FONT></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Impaired Financial Assets by sector and time since
oldest Past Due</FONT></B></FONT></P> <P STYLE="font-size:1pt;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">Amount</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Less&nbsp;than&nbsp;6&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Month</FONT></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Past-Due</FONT></B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;6&nbsp;to&nbsp;12&nbsp;Months&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Past-Due</FONT></B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;More&nbsp;than&nbsp;1&nbsp;year&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Past-Due</FONT></B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Loans and receivables</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11,014</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,872</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,844</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22,730</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,987</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,872</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,844</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,703</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">General governments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">73</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">95</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">180</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other financial corporations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">29</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">33</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non-financial corporations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,675</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,224</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,529</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15,428</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Individuals</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,210</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">633</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,218</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,061</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt securities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other financial corporations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Available for sale</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>91</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>91</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt instruments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">91</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">91</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other financial corporations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">75</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">75</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TOTAL</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>11,014</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,872</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>9,935</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22,821</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-241 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B></B>The breakdown of impaired loans and advances for default or reasons other than delinquency as of December&nbsp;31,
2014: <B> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="50%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="98%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions&nbsp;of&nbsp;Euros&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>Carrying amount of the impaired</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>assets by product</B></FONT></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December 2014</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Loans and advances</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22,726</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">On demand and short notice</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">664</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit card debt</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">420</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Trade recievables</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">852</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Finance leases</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">310</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Reverse repurchase loans</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other term loans</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,358</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Advances that are not loans</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">105</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4"><I>Of which: by type of collateral</I></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Mortgage loans</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,609</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#094fa4">Other collateralized loans</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">494</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The detail of impaired financial assets and their collective allowance as of December&nbsp;31, 2014, breaking down by
individual or collective analysis: </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:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="90%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:5pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>December&nbsp;2014</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Carrying&nbsp;amount&nbsp;of&nbsp;the&nbsp;impaired&nbsp;Available&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;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="#fcfcfc"><B>for sale assets and Loans and
receivables</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Specific&nbsp;allowances&nbsp;for&nbsp;financial&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;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="#fcfcfc"><B>assets, individually
estimated</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Specific&nbsp;allowances&nbsp;for&nbsp;financial&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;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="#fcfcfc"><B>assets, collectively
estimated</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Collectivelly&nbsp;allowances&nbsp;for&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:1pt;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="#fcfcfc"><B>incurred but not reported</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;Available for sale financial asset</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>91</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(13)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(17)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(44)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(74)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Central banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">General governments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">91</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(13)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(17)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(15)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(44)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non-financial corporations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(30)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(30)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;Loans and receivables</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22,730</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,488)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(8,002)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,783)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(14,273)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Central banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">General governments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">180</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(9)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(16)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(24)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(49)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Credit institutions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">54</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(13)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(29)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(94)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(136)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Non-financial corporations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14,771</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2,154)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(5,556)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,937)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(9,647)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">Households</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,725</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(312)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2,401)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,728)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4,441)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TOTAL</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22,821</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,500)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(8,019)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,828)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(14,347)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Below are the changes in the years ended December&nbsp;31, 2014 in the estimated impairment losses, broken down by the
headings in the accompanying consolidated balance sheet: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="95%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="94%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="middle"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#fcfcfc"><B>December 2014</B></FONT></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;Debt&nbsp;Securities&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;Loans&nbsp;and&nbsp;advances&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;Balance at the beginning</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>60</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,990</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>15,050</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Increase in impairment losses charged to income</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">27</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,568</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11,595</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Decrease in impairment losses credited to income</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(9)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6,821)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6,830)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;Impairment losses (net)(*)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>19</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,747</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>4,766</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Entities acquired during the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Transfers to written-off loans</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4,464)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4,464)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#094fa4">Exchange differences and other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,000)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,004)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>&nbsp;&nbsp;Balance at the end</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>75</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,273</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>14,348</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&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">F-242 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4"><A NAME="fin368256_75"></A>APPENDIX XI&nbsp;&nbsp;&nbsp;&nbsp;Information in accordance with Article
89 of Directive 2013/36/EU of the European Parliament and its application to Spanish Law through Law 10/2014 </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In accordance with Article 89
of Directive 2013/36/EU of the European Parliament and of the Council of 26&nbsp;June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms (CRD), and its application to
Spanish Law through Law 10/2014 of Structuring, Supervision and Solvency of Financial Institutions of June&nbsp;26, the information required under article 87.1 of said law for the year ended December&nbsp;31, 2016 is provided below. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="90%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="14%"></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 WIDTH="30%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="29%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom"><FONT COLOR="#094fa4">December&nbsp;31,&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></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="2" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions&nbsp;of&nbsp;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 VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"><FONT COLOR="#fcfcfc"><B>Country</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>CIT&nbsp;payments</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>cash basis</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>CIT&nbsp;expense</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>consol</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>PBT consol</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Turnover</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center"><FONT COLOR="#fcfcfc"><B>N&ordm;&nbsp;Employees&nbsp;(*)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Activity</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center"><FONT COLOR="#fcfcfc"><B>Main Entity</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Mexico</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">792</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">707</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,672</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,682</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">37,378</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Finance, banking and insurance services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA Bancomer SA</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle"><FONT COLOR="#094fa4">Spain</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">74</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(108)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(608)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,457</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31,451</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Finance, banking and insurance services and real estate</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA SA</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Turkey</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">320</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">375</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,758</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,919</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,006</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Finance, banking and insurance services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Turkiye Garanti Bankasi</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">United States (**)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">170</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">161</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">625</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,707</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10,544</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Finance and banking services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Compass Bank, Inc.</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Colombia</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">131</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">130</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">360</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">874</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7,228</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Finance, banking and insurance services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA Colombia SA</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Argentina</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">88</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">134</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">396</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,086</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,439</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Finance, banking and insurance services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA Banco Frances SA</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Peru</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">176</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">128</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">485</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,084</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6,010</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Finance and banking services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA Banco Continental SA</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Venezuela</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">52</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,877</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Finance, banking and insurance services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA Banco Provincial SA</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Chile</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">218</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">697</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4,522</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Finance, banking and insurance services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA Chile SA</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Romania</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">120</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,290</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Finance and banking services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Garanti Bank SA</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Uruguay</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">16</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">31</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">142</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">618</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Finance and banking services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA Uruguay SA</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Portugal</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">21</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">74</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">98</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">490</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Financial services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA Portugal SA</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Paraguay</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">28</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">81</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">463</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Financial services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA Paraguay SA</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Bolivia</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">25</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">366</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Financial services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA Previsi&oacute;n AFP SA</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Netherlands</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">38</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">104</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">248</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Finance and banking services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Garantibank International NV</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">United Kingdom</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(16)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">84</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">150</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Financial services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA - London branch</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Switzerland</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">125</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Financial services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA -Switzerland SA</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Hong Kong</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">61</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">89</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Financial services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA - Hong-Kong branch</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">France</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">13</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">36</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">65</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">78</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Financial services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA -Paris branch</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Italy</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">37</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">41</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">57</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">61</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Financial services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA -Rome branch</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Germany</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">44</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">55</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">45</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Financial services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA -Frankfurt branch</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Belgium</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">32</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Financial services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA - Brussels branch</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Luxembourg (***)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Financial services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Garanti - Luxembourg branch</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Ireland</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">15</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Finance, banking and insurance services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA Ireland PCL</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Russia (****)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">6</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Financial services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Moscow branch</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">China</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">23</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Financial services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA - Shanghai branch</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Brazil</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">8</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Financial services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA Brasil Banco de Investimento, S.A.</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Cura&ccedil;ao</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Financial services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Banco Provincial Overseas NV</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Singapore</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Financial services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA -Singapore branch</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Japan</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(6)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">10</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Financial services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA -Tokio branch</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">South Korea</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(7)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">17</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Financial services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA -Seoul branch</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Taiwan</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">5</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">7</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Financial services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA -Taipei branch</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Finland</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">39</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Banking services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Holvi Payment Service OY</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Cyprus (***)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">14</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">105</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Financial services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA -Nicosia branch</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Malta (***)</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">4</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">83</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">84</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">12</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Financial services</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">BBVA -Valleta branch</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Total</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,906</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>1,699</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>6,392</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>24,653</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>134,776</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
</TABLE> <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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&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">Number of full-time employees. 16 employees of Representative Office are not included. </P></TD></TR></TABLE>
<P STYLE="font-size:1pt;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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&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">Including the figures from the Cayman Islands branch. </P></TD></TR></TABLE>
<P STYLE="font-size:1pt;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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&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">Figures from these branches are also taxed in Turkey. </P></TD></TR></TABLE>
<P STYLE="font-size:1pt;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 style = "page-break-inside:avoid">
<TD WIDTH="4%">&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">Garanti Bank Moscow was sold on December 2016. </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">F-243 </P>


<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD WIDTH="51%"></TD>
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<TD WIDTH="47%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, the return of the Group&#146;s assets calculated by dividing the &#147;Profit&#148; between
&#147;Total Assets&#148; is 0.64%. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In 2016 (*), BBVA group has not received public aid for the financial sector which has the aim of promoting the
carrying out of banking activities and which is significant. This statement is made for the purposes of article 89 of Directive 2013/36/UE of the European Parliament and of the Council of June&nbsp;26 (on access to the activity of credit
institutions and the prudential supervision of credit institutions and investment firms) and its transposition to Spanish legislation by means of Law 10/2014 on Monitoring, Supervision and Solvency of Credit Institutions of June&nbsp;26. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">(*) BBVA disclosed by means of public relevant events: (i)&nbsp;on 07/27/2012 the closing of the acquisition of UNNIM Banc, S.A. and (ii)&nbsp;on
04/24/2015 the closing of the acquisition of Catalunya Banc, S.A. </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">F-244 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#094fa4"><A NAME="fin368256_76"></A>APPENDIX XII &#150; Reconciliation of Financial Statements
</FONT></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:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" COLSPAN="8" ALIGN="center" STYLE="BORDER-LEFT:1.00pt solid #094fa4; BORDER-TOP:1px solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4; padding-left:8pt"><FONT COLOR="#094fa4"><B>Current format</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #094fa4; BORDER-RIGHT:1.00pt solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #094fa4; BORDER-TOP:1px solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="8" ALIGN="center" STYLE="BORDER-TOP:1px solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4"><FONT COLOR="#094fa4"><B>Previous format</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #094fa4; BORDER-RIGHT:1.00pt solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4; padding-right:2pt"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>ASSETS</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>ASSETS</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>CASH, CASH BALANCES AT CENTRAL BANKS AND OTHER DEMAND DEPOSITS (1)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>29,282</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>27,719</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>CASH AND BALANCES WITH CENTRAL BANKS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>43,467</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>31,430</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>FINANCIAL ASSETS HELD FOR TRADING</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>78,326</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>83,258</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>FINANCIAL ASSETS HELD FOR TRADING</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>78,326</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>83,258</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Derivatives</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">40,902</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">44,229</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Equity instruments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,534</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,017</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to customers</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">65</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">128</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt securities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">32,825</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">33,883</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt securities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">32,825</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">33,883</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to central banks</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Equity instruments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,534</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,017</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Trading derivatives</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">40,902</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">44,229</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to customers</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">65</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">128</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<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-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>OTHER FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,311</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,761</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>OTHER FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,311</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,761</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Equity instruments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,075</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,024</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">62</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt securities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">173</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">737</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to customers</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to central banks</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt securities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">173</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">737</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">62</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Equity instruments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,075</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,024</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to customers</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<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="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>AVAILABLE-FOR-SALE FINANCIAL ASSETS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>113,426</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>94,875</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>AVAILABLE-FOR-SALE FINANCIAL ASSETS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>113,426</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>94,875</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Equity instruments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,116</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,267</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt securities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">108,310</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">87,608</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt securities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">108,310</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">87,608</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Equity instruments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,116</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,267</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>LOANS AND RECEIVABLES (2)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>471,828</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>376,086</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>LOANS AND RECEIVABLES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>457,644</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>372,375</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt securities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">10,516</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,659</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">32,962</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">27,059</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to central banks</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">17,830</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,429</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to customers</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">414,165</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">338,657</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">29,317</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">25,342</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt securities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">10,516</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,659</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Loans and advances to customers</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">414,165</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">338,657</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<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="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>HELD-TO-MATURITY INVESTMENTS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>HELD-TO-MATURITY INVESTMENTS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>HEDGING DERIVATIVES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,538</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,551</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>FAIR VALUE CHANGES OF THE HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>45</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>121</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>FAIR VALUE CHANGES OF THE HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>45</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>121</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>HEDGING DERIVATIVES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,538</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,551</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>INVESTMENTS IN SUBSIDARIES, JOINT VENTURES AND ASSOCIATES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>879</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,509</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>NON-CURRENT ASSETS HELD FOR SALE</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,369</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,793</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Joint ventures</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">243</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,092</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>INVESTMENTS IN ENTITIES ACCOUNTED FOR USING THE EQUITY METHOD</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>879</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,509</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Associates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">636</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">417</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Associates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">636</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">417</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>REINSURANCE ASSETS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>511</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>559</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Joint ventures</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">243</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,092</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TANGIBLE ASSETS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>9,944</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>7,820</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>INSURANCE CONTRACTS LINKED TO PENSIONS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Property, plants and equipment</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8,477</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,428</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>REINSURANCE ASSETS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>511</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>559</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">For own use</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8,021</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,985</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TANGIBLE ASSETS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>9,944</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>7,820</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other assets leased out under an operating lease</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">456</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">443</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Property, plants and equipment</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8,477</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,428</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Investment properties</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,467</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,392</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">For own use</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">8,021</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,985</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>INTANGIBLE ASSETS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>10,052</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>7,371</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Other assets leased out under an operating lease</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">456</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">443</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Goodwill</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,915</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,697</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Investment properties</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,467</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,392</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other intangible assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,137</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,673</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>INTANGIBLE ASSETS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>10,052</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>7,371</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TAX ASSETS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>17,779</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>12,426</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Goodwill</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,915</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,697</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Current</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,901</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,035</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Other intangible assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,137</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,673</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Deferred</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">15,878</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">10,391</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TAX ASSETS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>17,779</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>12,426</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>OTHER ASSETS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>8,566</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>8,094</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Current</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,901</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,035</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Insurance contracts linked to pensions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Deferred</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">15,878</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">10,391</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Inventories</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,303</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,443</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>OTHER ASSETS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>8,566</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>8,094</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Rest</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,263</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,651</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Inventories</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,303</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,443</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>NON-CURRENT ASSETS AND DISPOSAL GROUPS HELD FOR SALE (3)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,369</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,793</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Rest</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,263</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,651</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TOTAL ASSETS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>749,855</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>631,942</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TOTAL ASSETS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>749,855</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>631,942</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(1) The main differences with regard to the heading &#147;
Cash and deposits with central banks&#148; are the inclusion of the balances deposited in Credit Institutions and the reclassification of Loans at central banks to the heading Loans and Receivables</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(2) The main differences with regard to the heading &#147;Loans and receivables&#148; are the inclusion of loans at central banks and the
reclassification of balances deposited in Credit institutions to the heading &#147;Cash, cash balances at central banks and other demand deposits&#148;</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT
 COLOR="#094fa4">(3) Corresponding to the heading &#147;Non-current assest held-for-sale&#148; of the previous format</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></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">F-245 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" COLSPAN="8" ALIGN="center" STYLE="BORDER-LEFT:1.00pt solid #094fa4; BORDER-TOP:1px solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4; padding-left:8pt"><FONT COLOR="#094fa4"><B>Current format</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #094fa4; BORDER-RIGHT:1.00pt solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #094fa4; BORDER-TOP:1px solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="8" ALIGN="center" STYLE="BORDER-TOP:1px solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4"><FONT COLOR="#094fa4"><B>Previous format</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #094fa4; BORDER-RIGHT:1.00pt solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4; padding-right:2pt"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>LIABILITIES</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>LIABILITIES</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>FINANCIAL LIABILITIES HELD FOR TRADING</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>55,203</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>56,798</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>FINANCIAL LIABILITIES HELD FOR TRADING</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>55,203</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>56,798</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Trading derivatives</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">42,149</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">45,052</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Deposits from central banks</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Short positions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">13,053</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11,747</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Deposits from credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Deposits from central banks</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Customer deposits</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Deposits from credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt certificates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Customer deposits</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Trading derivatives</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">42,149</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">45,052</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt certificates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Short positions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">13,053</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11,747</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other financial liabilities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Other financial liabilities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,649</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,724</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>OTHER FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,649</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,724</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Deposits from central banks</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Deposits from central banks</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Deposits from credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Deposits from credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Customer deposits</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Customer deposits</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt certificates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt certificates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other financial liabilities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,649</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,724</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Subordinated liabilities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Of which: Subordinated liabilities (1)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Other financial liabilities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,649</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,724</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>FINANCIAL LIABILITIES AT AMORTIZED COST</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>606,113</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>491,899</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>FINANCIAL LIABILITIES AT AMORTIZED COST</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>606,113</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>491,899</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Deposits from central banks</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">40,087</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">28,193</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Deposits from central banks</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">40,087</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">28,193</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Deposits from credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">68,543</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">65,168</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Deposits from credit institutions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">68,543</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">65,168</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Customer deposits</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">403,362</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">319,334</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Customer deposits</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">403,069</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">319,060</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt certificates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">81,980</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">71,917</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Debt certificates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">66,165</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">58,096</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other financial liabilities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">12,141</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,288</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Subordinated liabilities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">16,109</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">14,095</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Of which: Subordinated liabilities (1)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">16,109</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">14,095</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Other financial liabilities</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">12,141</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">7,288</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>HEDGING DERIVATIVES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,726</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,331</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>FAIR VALUE CHANGES OF THE HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>358</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>0</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>FAIR VALUE CHANGES OF THE HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>358</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<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-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>LIABILITIES UNDER INSURANCE CONTRACTS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>9,407</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>10,460</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>HEDGING DERIVATIVES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,726</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,331</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>PROVISIONS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>8,852</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>7,444</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>LIABILITIES ASSOCIATED WITH NON-CURRENT ASSETS HELD FOR SALE</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Provisions for pensions and similar obligations</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,299</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,970</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>LIABILITIES UNDER INSURANCE CONTRACTS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>9,407</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>10,460</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other long term employee benefits</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">68</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">62</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>PROVISIONS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>8,852</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>7,444</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Provisions for taxes and other legal contingencies</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">616</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">262</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Provisions for pensions and similar obligations (2)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,299</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,970</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Provisions for contingent risks and commitments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">714</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">381</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Provisions for taxes and other legal contingencies</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">616</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">262</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other provisions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,155</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">769</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Provisions for contingent risks and commitments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">714</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">381</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TAX LIABILITIES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,656</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,157</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Other provisions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,223</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">831</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Current</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,238</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">980</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TAX LIABILITIES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,656</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,157</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Deferred</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,418</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,177</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Current</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,238</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">980</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>OTHER LIABILITIES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,610</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,519</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4">Deferred</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,418</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,177</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>LIABILITIES INCLUDED IN DISPOSAL GROUPS CLASSIFIED AS HELD FOR SALE</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>OTHER LIABILITIES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,610</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,519</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TOTAL LIABILITIES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>694,573</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>580,333</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TOTAL LIABILITIES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>694,573</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>580,333</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(1) Subordinated financial liabilities: In the current format
they are classified in the subheading Customer deposits and debt certificates</FONT></P></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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<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>
</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">F-246 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" COLSPAN="8" ALIGN="center" STYLE="BORDER-LEFT:1.00pt solid #094fa4; BORDER-TOP:1px solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4; padding-left:8pt"><FONT COLOR="#094fa4"><B>Current format</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #094fa4; BORDER-RIGHT:1.00pt solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #094fa4; BORDER-TOP:1px solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="8" ALIGN="center" STYLE="BORDER-TOP:1px solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4"><FONT COLOR="#094fa4"><B>Previous format</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #094fa4; BORDER-RIGHT:1.00pt solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4; padding-right:2pt"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>EQUITY</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>EQUITY</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>SHAREHOLDERS&#146; FUNDS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>50,639</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>49,446</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>SHAREHOLDERS&#146; FUNDS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>50,639</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>49,446</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Capital</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,120</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,024</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>Common Stock</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,120</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>3,024</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Paid up capital</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,120</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,024</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Issued</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,120</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,024</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Unpaid capital which has been called up</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Unpaid and uncalled (-)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Share premium</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23,992</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23,992</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>Share premium</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>23,992</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>23,992</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Equity instruments issued other than capital</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Equity component of compound financial instruments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other equity instruments issued</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other equity</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>35</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>67</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Retained earnings</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>22,588</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>20,280</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>Reserves (1)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>22,512</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>20,936</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Revaluation reserves</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>22</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Accumulated reserves (losses)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">22,610</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">20,304</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Other reserves </B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(98)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>633</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Reserves (losses) of entities accounted for using the equity method</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(98)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">633</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Reserves or accumulated losses of investments in subsidaries, joint ventures and associates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(98)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">633</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>Other equity instruments</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>35</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>67</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Equity component of compound financial instruments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Less: Treasury shares</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(309)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(350)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Other equity instruments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">35</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">67</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Profit or loss attributable to owners of the parent</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,642</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,618</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>Less: Treasury stock</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(309)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(350)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Less: Interim dividends</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,352)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(841)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>Income attributed to the parent company</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,642</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,618</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>ACCUMULATED OTHER COMPREHENSIVE INCOME (2)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,349)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(348)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>Less: Dividends and remuneration</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(1,352)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(841)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Items that will not be reclassified to profit or loss</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(859)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(777)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>VALUATION ADJUSTMENTS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(3,349)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>(348)</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Actuarial gains or (-) losses on defined benefit pension plans</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(859)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(777)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Available-for-sale financial assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">1,674</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">3,816</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Non-current assets and disposal groups classified as held for sale</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Cash flow hedging</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(49)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(46)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Share of other recognised income and expense of investments in subsidaries, joint ventures and associates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Hedging of net investment in foreign transactions</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(274)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(373)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other adjustments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Exchange differences</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(3,905)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(2,173)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Items that may be reclassified to profit or loss</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>(2,490)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>429</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Non-current assets held-for-sale</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Hedge of net investments in foreign operations [effective portion]</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(274)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(373)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Entities accounted for using the equity method</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">64</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(796)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Foreign currency translation</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(3,905)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,173)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Other valuation adjustments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(859)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(777)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Hedging derivatives. Cash flow hedges [effective portion]</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(49)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(46)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Available-for-sale financial assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,674</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,816</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Non-current assets and disposal groups classified as held for sale</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Share of other recognised income and expense of investments in subsidaries, joint ventures and associates</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">64</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>NON-CONTROLLING INTEREST</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>7,992</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>2,511</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>NON-CONTROLLING INTEREST</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>7,992</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>2,511</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Valuation adjustments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,333)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(53)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Valuation adjustments</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(1,333)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">(53)</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Rest</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">9,325</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,563</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Rest</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">9,325</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4">2,563</FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TOTAL EQUITY</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>55,282</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>51,609</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>TOTAL EQUITY</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>55,282</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>51,609</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>TOTAL EQUITY AND TOTAL LIABILITIES</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>749,855</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>631,942</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>TOTAL LIABILITIES AND EQUITY</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>749,855</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>631,942</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>MEMORANDUM ITEM</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>MEMORANDUM ITEM</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Financial guarantees given</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>49,876</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>33,741</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>CONTINGENT RISKS </B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>49,876</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>33,741</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>Contingent commitments</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>135,733</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>106,252</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>CONTINGENT COMMITMENTS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>135,733</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="middle" ALIGN="right"><FONT COLOR="#094fa4"><B>106,252</B></FONT></TD>
<TD NOWRAP VALIGN="middle"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(1) The heading of Reserves are disclosed in three headings
under the current format: Retained earnings, Revaluation Reserves and Other Reserves</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT STYLE="font-size:6pt" COLOR="#094fa4">(2) Accumulated other comprehensive income correponds to the heading Valuation Adjustment, with a higher breakdown and different order of the subheadings</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></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">F-247 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:6pt" ALIGN="center">


<TR>
<TD WIDTH="37%"></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 VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="37%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" COLSPAN="8" ALIGN="center" STYLE="BORDER-LEFT:1.00pt solid #094fa4; BORDER-TOP:1px solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4; padding-left:8pt"><FONT COLOR="#094fa4"><B>Current format</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #094fa4; BORDER-RIGHT:1.00pt solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #094fa4; BORDER-TOP:1px solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="8" ALIGN="center" STYLE="BORDER-TOP:1px solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4"><FONT COLOR="#094fa4"><B>Previous format</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #094fa4; BORDER-RIGHT:1.00pt solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4; padding-right:2pt"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>STATEMENT OF PROFIT OR LOSS</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>STATEMENT OF PROFIT OR LOSS</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">INTEREST AND SIMILAR INCOME</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">24,783</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">22,838</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INTEREST AND SIMILAR INCOME</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">24,783</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">22,838</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">INTEREST AND SIMILAR EXPENSES</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(8,761)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(8,456)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INTEREST AND SIMILAR EXPENSES</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(8,761)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(8,456)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>NET INTEREST INCOME</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>16,022</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>14,382</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>NET INTEREST INCOME</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>16,022</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>14,382</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">DIVIDEND INCOME</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">415</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">531</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">DIVIDEND INCOME</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">415</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">531</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">SHARE OF PROFIT OR LOSS OF ENTITIES ACCOUNTED FOR USING THE EQUITY METHOD</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">174</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">343</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">SHARE OF PROFIT OR LOSS OF ENTITIES ACCOUNTED FOR USING THE EQUITY METHOD</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">174</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">343</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FEE AND COMMISSION INCOME</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,340</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,530</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FEE AND COMMISSION INCOME</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">6,340</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">5,530</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">FEE AND COMMISSION EXPENSES</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,729)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,356)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">FEE AND COMMISSION EXPENSES</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,729)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,356)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<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>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">NET GAINS (LOSSES) ON FINANCIAL ASSETS AND LIABILITIES&nbsp;(1)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">865</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GAINS OR (-) LOSSES ON FINANCIAL ASSETS AND LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS, NET</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,055</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,439</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Financial instruments held for trading</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(409)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GAINS OR (-) LOSSES ON FINANCIAL ASSETS AND LIABILITIES HELD FOR TRADING, NET</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(409)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">11</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Other financial instruments at fair value through profit or loss</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">117</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">27</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GAINS OR (-) LOSSES ON DERECOGNITION OF FINANCIAL ASSETS AND LIABILITIES NOT MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS, NET</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">126</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">32</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Other financial instruments not at fair value through profit or loss</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,157</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,397</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GAINS OR (-) LOSSES FROM HEDGE ACCOUNTING, NET</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">93</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(47)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Rest</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">EXCHANGE DIFFERENCES (NET)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,165</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">699</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">EXCHANGE DIFFERENCES (NET)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,165</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">699</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">OTHER OPERATING INCOME (2)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">1,315</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">959</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">OTHER OPERATING INCOME (2)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,993</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">4,581</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">OTHER OPERATING EXPENSES (2)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,285)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,705)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">OTHER OPERATING EXPENSES (2)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,883)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(5,420)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">INCOME ON INSURANCE AND REINSURANCE CONTRACTS (2)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,678</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">3,622</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></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-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">EXPENSES ON INSURANCE AND REINSURANCE CONTRACTS (2)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,599)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,714)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></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-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>GROSS INCOME</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23,362</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>20,725</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>GROSS INCOME</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>23,362</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>20,725</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">ADMINISTRATION COSTS</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(10,836)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(9,414)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">ADMINISTRATION COSTS</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(10,836)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(9,414)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Personnel expenses</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(6,273)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(5,410)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Personnel expenses</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(6,273)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(5,410)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">General and administrative expenses</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,563)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,004)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">General and administrative expenses</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,563)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,004)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">DEPRECIATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,272)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,145)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">DEPRECIATION AND AMORTIZATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,272)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,145)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROVISIONS OR (-) REVERSAL OF PROVISIONS</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(731)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,142)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PROVISIONS (NET)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(731)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,142)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">IMPAIRMENT OR (-) REVERSAL OF IMPAIRMENT ON FINANCIAL ASSETS NOT MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,272)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,340)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">IMPAIRMENT LOSSES ON FINANCIAL ASSETS (NET)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,272)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,340)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">(Financial assets measured at cost)</FONT></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 NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">(Available- for-sale financial assets)</FONT></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(35)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></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"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-35</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">(Loans and receivables</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,248)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,304)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Loans and receivables</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,248)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4,304)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">(Held to maturity investments)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(23)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Other financial instruments not at fair value through profit or loss</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(23)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>NET OPERATING INCOME</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>6,251</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,684</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>NET OPERATING INCOME</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>6,251</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,684</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#094fa4">(1) The heading net gains (losses) on financial assets and
liabilities was eliminated but the breakdown is maintained</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT STYLE="font-size:6pt" COLOR="#094fa4">(2) The headings Other operating income and Other operating expenses of the previous format are broken down in four headings under the new format, separating the income and expenses
covered by insurance and reinsurance contracts.</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="middle"></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">F-248 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TR>
<TD WIDTH="39%"></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 VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="39%"></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="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" COLSPAN="8" ALIGN="center" STYLE="BORDER-LEFT:1.00pt solid #094fa4; BORDER-TOP:1px solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4; padding-left:8pt"><FONT COLOR="#094fa4"><B>Current format</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #094fa4; BORDER-RIGHT:1.00pt solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.00pt solid #094fa4; BORDER-TOP:1px solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="8" ALIGN="center" STYLE="BORDER-TOP:1px solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4"><FONT COLOR="#094fa4"><B>Previous format</B></FONT></TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #094fa4; BORDER-RIGHT:1.00pt solid #094fa4; BORDER-BOTTOM:1.00pt solid #094fa4; padding-right:2pt"><FONT COLOR="#094fa4"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#094fa4"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>(Continued)</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#fcfcfc"><B>(Continued)</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2015</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.50pt solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>December</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#fcfcfc"><B>2014</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>NET OPERATING INCOME</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B></B><B>6,251</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,684</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>NET OPERATING INCOME</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B></B><B>6,251</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>4,684</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">IMPAIRMENT OR (-) REVERSAL OF IMPAIRMENT ON NON-FINANCIAL ASSETS</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(273)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(297)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">IMPAIRMENT LOSSES ON OTHER ASSETS (NET)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(273)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(297)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Tangible assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(60)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(97)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></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-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Intangible assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(8)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Goodwill and other intangible assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(4)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(8)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Other assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(209)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(192)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Other assets</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(269)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(289)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">GAINS (LOSSES) ON DERECOGNIZED OF NON FINANCIAL ASSETS AND SUBSIDIARIES, NET</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,135)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">GAINS (LOSSES) ON DERECOGNIZED OF NON FINANCIAL ASSETS AND SUBSIDIARIES, NET</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(2,135)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">46</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">NEGATIVE GOODWILL RECOGNISED IN PROFIT OR LOSS</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">26</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROFIT OR (-) LOSS FROM NON-CURRENT ASSETS AND DISPOSAL GROUPS CLASSIFIED AS HELD FOR SALE NOT QUALIFYING AS DISCONTINUED OPERATIONS</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">734</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(453)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">GAINS (LOSSES) IN NON-CURRENT ASSETS HELD FOR SALE NOT CLASSIFIED AS DISCONTINUED OPERATIONS</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">734</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(453)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>OPERATING PROFIT BEFORE TAX</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B></B><B>4,603</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,980</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>OPERATING PROFIT BEFORE TAX</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B></B><B>4,603</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,980</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">TAX EXPENSE OR (-) INCOME RELATED TO PROFIT OR LOSS FROM CONTINUING OPERATION</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,274)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(898)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">INCOME TAX</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(1,274)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">(898)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>PROFIT FROM CONTINUING OPERATIONS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B></B><B>3,328</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,082</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>PROFIT FROM CONTINUING OPERATIONS</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B></B><B>3,328</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,082</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">PROFIT FROM DISCONTINUED OPERATIONS (NET)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">PROFIT FROM DISCONTINUED OPERATIONS (NET)</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4"><B>PROFIT</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B></B><B>3,328</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,082</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4"><B>PROFIT</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B></B><B>3,328</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4"><B>3,082</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4"><B></B>&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Attributable to minority interest [non-controlling interests]</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">686</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">464</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Profit attributable to parent company</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,642</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,618</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:6pt">
<TD VALIGN="top"><FONT COLOR="#094fa4">Attributable to owners of the parent</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,642</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">2,618</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT COLOR="#094fa4">Profit attributable to non-controlling interests</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">686</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#094fa4">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#094fa4">464</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#094fa4">&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">F-249 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#094fa4">Glossary </FONT></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:ARIAL; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="78%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Additional&nbsp;Tier&nbsp;1</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Capital</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">Includes: Preferred stock and convertible perpetual securities and deductions</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Adjusted&nbsp;acquisition</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">cost</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">The acquisition cost of the securities less accumulated amortizations, plus interest accrued, but not net of
any other valuation adjustments.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Amortized cost</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The amortized cost of a financial asset is the amount at which it was measured at initial recognition minus principal repayments, plus or minus, as warranted, the
cumulative amount taken to profit or loss using the effective interest rate method of any difference between the initial amount and the maturity amount, and minus any reduction for impairment or change in measured value.</P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Associates</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Companies in which the Group has a significant influence, without having control. Significant influence is deemed to exist when the Group owns 20% or more of the voting
rights of an investee directly or indirectly.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Available-for-sale financial assets</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Available-for-sale (AFS) financial assets are debt securities that are not classified as held-to-maturity investments or as financial assets designated at fair value
through profit or loss (FVTPL) and equity instruments that are not subsidiaries, associates or jointly controlled entities and have not been designated as at FVTPL.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Basic earnings per share</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Calculated by dividing &#147;Profit attributable to Parent Company&#148; corresponding to ordinary shareholders of the entity by the weighted average number of shares
outstanding throughout the year (i.e., excluding the average number of treasury shares held over the year).</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Basis risk</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Risk arising from hedging exposure to one interest rate with exposure to a rate that reprices under slightly different conditions.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Business combination</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">A business combination is a transaction, or any other event, through which a single entity obtains the control of one or more businesses.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Cash flow hedges</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Those that hedge the exposure to variability in cash flows attributable to a particular risk associated with a recognized asset or liability or a highly probable
forecast transaction and could affect profit or loss.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Commissions</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Income and expenses relating to commissions and similar fees are recognized in the consolidated income statement using criteria that vary according to their nature. The
most significant income and expense items in this connection are:</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:ARIAL">&middot;&nbsp;&nbsp;&nbsp;&nbsp;Fees and commissions relating linked to
financial assets and liabilities measured at fair value through profit or loss, which are recognized when collected</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:ARIAL">&middot;&nbsp;&nbsp;&nbsp;&nbsp;Fees and commissions arising from transactions or services that are provided over a period of time, which are
recognized over the life of these transactions or services.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:ARIAL">&middot;&nbsp;&nbsp;&nbsp;&nbsp;Fees and commissions generated by a single act are
accrued upon execution of that act.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</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">F-250 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="78%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Consolidated</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">statements of cash</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">flows</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The indirect method has been used for the preparation of the consolidated statement of cash flows. This method starts from the entity&#146;s consolidated profit and
adjusts its amount for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments, and items of income or expense associated with cash flows classified as investment or finance.
As well as cash, short-term, highly liquid investments subject to a low risk of changes in value, such as cash and deposits in central banks, are classified as cash and equivalents.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">When preparing these financial statements the following definitions have been used:</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&middot;&nbsp;&nbsp;&nbsp;&nbsp;Cash flows: Inflows and outflows of cash and equivalents.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&middot;&nbsp;&nbsp;&nbsp;&nbsp;Operating activities: The typical activities of credit institutions and other activities that cannot be classified as investment or
financing activities.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&middot;&nbsp;&nbsp;&nbsp;&nbsp;Investing activities: The acquisition, sale or other disposal of long-term assets and other investments not
included in cash and cash equivalents or in operating activities.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&middot;&nbsp;&nbsp;&nbsp;&nbsp;Financing activities: Activities that result in changes in the size
and composition of the Group&#146;s equity and of liabilities that do not form part of operating activities.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Consolidated</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">statements of</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">changes in equity</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The consolidated statements of changes in equity reflect all the movements generated in each year in each of the headings of the consolidated equity, including those
from transactions undertaken with shareholders when they act as such, and those due to changes in accounting criteria or corrections of errors, if any.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The
applicable regulations establish that certain categories of assets and liabilities are recognized at their fair value with a charge to equity. These charges, known as &#147;Valuation adjustments&#148; (see Note 31), are included in the Group&#146;s
total consolidated equity net of tax effect, which has been recognized as deferred tax assets or liabilities, as appropriate.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Consolidated</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">statements of</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">recognized income</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">and expenses</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The consolidated statements of recognized income and expenses reflect the income and expenses generated each year. Such statement distinguishes between income and
expenses recognized in the consolidated income statements and &#147;Other recognized income (expenses)&#148; recognized directly in consolidated equity. &#147;Other recognized income (expenses)&#148; include the changes that have taken place in the
year in the &#147;Valuation adjustments&#148; broken down by item.</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The sum of the changes to
the heading &#147;Other comprehensive income &#147; of the consolidated total equity and the consolidated profit for the year comprise the &#147;Total recognized income/expenses of the year&#148;.</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Contingencies</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Current obligations of the entity arising as a result of past events whose existence depends on the occurrence or non-occurrence of one or more future events independent
of the will of the entity.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Contingent</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">commitments</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Possible obligations of the entity that arise from past events and whose existence depends on the occurrence or non-occurrence of one or more future events independent
of the entity&#146;s will and that could lead to the recognition of financial assets.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</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">F-251 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="78%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Control</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">An investor controls an investee when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those
returns through its power over the investee. An investor controls an investee if and only if the investor has all the following:</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:1.50em; font-size:10pt; font-family:ARIAL">a)&nbsp;&nbsp;&nbsp;&nbsp;Power; An investor has power over an investee when the investor has existing rights that give it the current ability to
direct the relevant activities, i.e. the activities that significantly affect the investee&#146;s returns.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:1.50em; font-size:10pt; font-family:ARIAL">b)&nbsp;&nbsp;&nbsp;&nbsp;Returns; An
investor is exposed, or has rights, to variable returns from its involvement with the investee when the investor&#146;s returns from its involvement have the potential to vary as a result of the investee&#146;s performance. The investor&#146;s
returns can be only positive, only negative or both positive and negative.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:1.50em; font-size:10pt; font-family:ARIAL">c)&nbsp;&nbsp;&nbsp;&nbsp;Link between power and returns; An investor
controls an investee if the investor not only has power over the investee and exposure or rights to variable returns from its involvement with the investee, but also has the ability to use its power to affect the investor&#146;s returns from its
involvement with the investee.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Correlation risk</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Correlation risk is related to derivatives whose final value depends on the performance of more than one underlying asset (primarily, stock baskets) and indicates the
existing variability in the correlations between each pair of assets.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Credit Valuation</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Adjustment (CVA)</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">An adjustment to the valuation of OTC derivative contracts to reflect the creditworthiness of OTC derivative counterparties.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Current service cost</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Current service cost is the increase in the present value of a defined benefit obligation resulting from employee service in the current period.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Current tax assets</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Taxes recoverable over the next twelve months.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Current tax liabilities</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Corporate income tax payable on taxable profit for the year and other taxes payable in the next twelve months.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Debit Valuation</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Adjustment (DVA)</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">An adjustment made by an entity to the valuation of OTC derivative liabilities to reflect within fair value the
entity&#146;s own credit risk.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Debt certificates</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Obligations and other interest-bearing securities that create or evidence a debt on the part of their issuer, including debt securities issued for trading among an open
group of investors, that accrue interest, implied or explicit, whose rate, fixed or benchmarked to other rates, is established contractually, and take the form of securities or book-entries, irrespective of the issuer.</P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Deferred tax assets</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Taxes recoverable in future years, including loss carry forwards or tax credits for deductions and tax rebates pending application.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Defined benefit plans</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Post-employment obligation under which the entity, directly or indirectly via the plan, retains the contractual or implicit obligation to pay remuneration directly to
employees when required or to pay additional amounts if the insurer, or other entity required to pay, does not cover all the benefits relating to the services rendered by the employees when insurance policies do not cover all of the corresponding
post-employees benefits.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Defined contribution plans</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Defined contribution plans are retirement benefit plans under which amounts to be paid as retirement benefits are determined by contributions to a fund together with
investment earnings thereon. The employer&#146;s obligations in respect of its employees current and prior years&#146; employment service are discharged by contributions to the fund.</P>
<P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Deposits from central</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">banks</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Deposits of all classes, including loans and money market operations, received from the Bank of Spain and other central banks.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Deposits from credit</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">institutions</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Deposits of all classes, including loans and money market operations received, from credit entities.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</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">F-252 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="78%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Deposits from</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">customers</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Redeemable cash balances received by the entity, with the exception of debt certificates, money market operations through counterparties and subordinated liabilities,
which are not received from either central banks or credit entities. This category also includes cash deposits and consignments received that can be readily withdrawn.</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Derivatives</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The fair value in favor (assets) or again (liabilities) of the entity of derivatives not designated as accounting hedges.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Derivatives - Hedging derivatives</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Derivatives designated as hedging instruments in an accounting hedge. The fair value or future cash flows of those derivatives is expected to offset the differences in
the fair value or cash flows of the items hedged.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Diluted earnings per share</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Calculated by using a method similar to that used to calculate basic earnings per share; the weighted average number of shares outstanding, and the profit attributable
to the parent company corresponding to ordinary shareholders of the entity, if appropriate, is adjusted to take into account the potential dilutive effect of certain financial instruments that could generate the issue of new Bank shares (share
option commitments with employees, warrants on parent company shares, convertible debt instruments, etc.).</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Dividends and retributions</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Dividend income collected announced during the year, corresponding to profits generated by investees after the acquisition of the stake.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Early retirements</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Employees that no longer render their services to the entity but which, without being legally retired, remain entitled to make economic claims on the entity until they
formally retire.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Economic capital</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Methods or practices that allow banks to consistently assess risk and attribute capital to cover the economic effects of risk-taking activities.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Effective interest rate</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Discount rate that exactly equals the value of a financial instrument with the cash flows estimated over the expected life of the instrument based on its contractual
period as well as its anticipated amortization, but without taking the future losses of credit risk into consideration.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Employee expenses</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">All compensation accrued during the year in respect of personnel on the payroll, under permanent or temporary contracts, irrespective of their jobs or functions,
irrespective of the concept, including the current costs of servicing pension plans, own share based compensation schemes and capitalized personnel expenses. Amounts reimbursed by the state Social Security or other welfare entities in respect of
employee illness are deducted from personnel expenses.</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Equity</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The residual interest in an entity&#146;s assets after deducting its liabilities. It includes owner or venturer contributions to the entity, at incorporation and
subsequently, unless they meet the definition of liabilities, and accumulated net profits or losses, fair value adjustments affecting equity and, if warranted, non-controlling interests.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Equity instruments</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">An equity instrument that evidences a residual interest in the assets of an entity, that is after deducting all of its liabilities.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Equity instruments</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">issued other than</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">capital</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">Includes equity instruments that are financial instruments other than &#147;Capital&#148; and &#147;Equity
component of compound financial instruments&#148;.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Equity Method</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Is a method of accounting whereby the investment is initially recognized at cost and adjusted thereafter for the post-acquisition change in the investor&#146;s share of
the investee&#146;s net assets. The investor&#146;s profit or loss includes its share of the investee&#146;s profit or loss and the investor&#146;s other comprehensive income includes its share of the investee&#146;s other comprehensive income.</P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</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">F-253 </P>


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<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="78%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Exchange/translation</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">differences</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Exchange differences (P&amp;L): Includes the earnings obtained in currency trading and the differences arising on translating monetary items denominated in foreign
currency to the functional currency. Exchange differences (valuation adjustments): those recorded due to the translation of the financial statements in foreign currency to the functional currency of the Group and others recorded against equity.</P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Exposure at default</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">EAD is the amount of risk exposure at the date of default by the counterparty.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Fair value</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Fair value hedges</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Derivatives that hedge the exposure to changes in the fair value of assets and liabilities or firm commitments that have not be recognized, or of an identified portion
of said assets, liabilities or firm commitments, attributable to a specific risk, provided it could affect the income statement.</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Financial guarantees</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Contracts that require the issuer to make specified payments to reimburse the holder for a loss it incurs when a specified debtor fails to make payment when due in
accordance with the original or modified terms of a debt instrument, irrespective of its instrumentation. These guarantees may take the form of deposits, technical or financial guarantees, insurance contracts or credit derivatives.</P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Financial guarantees</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">given</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Transactions through which the entity guarantees commitments assumed by third parties in respect of financial guarantees granted or other types of contracts.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Financial instrument</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">A financial instrument is any contract that gives rise to a financial asset of one entity and to a financial liability or equity instrument of another entity.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Financial liabilities at</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">amortized cost</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Financial liabilities that do not meet the definition of financial liabilities designated at fair value through profit or loss and arise from the financial
entities&#146; ordinary activities to capture funds, regardless of their instrumentation or maturity.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Consolidation method</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Method used for the consolidation of the accounts of the Group&#146;s subsidiaries. The assets and liabilities of the Group entities are incorporated line-by-line on the
consolidate balance sheets, after conciliation and the elimination in full of intragroup balances, including amounts payable and receivable.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Group entity income
statement income and expense headings are similarly combined line by line into the consolidated income statement, having made the following consolidation eliminations:</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;income and expenses in respect of intragroup transactions are eliminated in full.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;profits and losses resulting from intragroup transactions are similarly eliminated. The carrying amount of the parent&#146;s
investment and the parent&#146;s share of equity in each subsidiary are eliminated.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Goodwill</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Goodwill acquired in a business combination represents a payment made by the acquirer in anticipation of future economic benefits from assets that are not able to be
individually identified and separately recognized.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Gross Income</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Sum of net interest income, dividend income, share of profit or loss entities accounted for using the equity method, net fee and commission income, net gains and losses
on financial assets and liabilities, net exchange differences and net other operating income.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Hedges of net</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">investments in</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">foreign operations</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">Foreign currency hedge of a net investment in a foreign
operation.</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">F-254 </P>


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<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="78%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Held for trading</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">(assets and liabilities)</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Financial assets and liabilities acquired or incurred primarily for the purpose of profiting from variations in their prices in the short term.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">This category also includes financial derivatives not qualifying for hedge accounting, and in the case of borrowed securities, financial liabilities originated by the
firm sale of financial assets acquired under repurchase agreements or received on loan (&#147;short positions&#148;).</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Held-to-maturity</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">investments</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Held-to-maturity investments are financial assets traded on an active market, with fixed maturity and fixed or determinable payments and cash flows that an entity has
the positive intention and financial ability to hold to maturity.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Impaired financial</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">assets</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">A financial asset is deemed impaired, and accordingly restated to fair value, when there is objective evidence of impairment as a result of one or more events that give
rise to:</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;A measurable decrease in the estimated future cash flows since the initial recognition of those assets in
the case of debt instruments (loans and receivables and debt securities).</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;b)&nbsp;&nbsp;&nbsp;&nbsp;A significant or prolonged drop in fair
value below cost in the case of equity instruments.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Income from equity</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">instruments</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Dividends and income on equity instruments collected or announced during the year corresponding to profits generated by investees after the ownership interest is
acquired. Income is recognized gross, i.e., without deducting any withholdings made, if any.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Insurance contracts</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">linked to pensions</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">The fair value of insurance contracts written to cover pension commitments.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Inventories</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Assets, other than financial instruments, under production, construction or development, held for sale during the normal course of business, or to be consumed in the
production process or during the rendering of services. Inventories include land and other properties held for sale at the real estate development business.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Investment properties</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Investment property is property (land or a building&#151;or part of a building&#151;or both) held (by the owner or by the lessee under a finance lease) to earn rentals
or for capital appreciation or both, rather than for own use or sale in the ordinary course of business.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Joint arrangement</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">An arrangement of which two or more parties have joint control.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Joint control</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the
parties sharing control.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Joint operation</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">A joint arrangement whereby the parties that have joint control of the arrangement have rights to the assets of the arrangement and obligations for the liabilities. A
joint venturer shall recognize the following for its participation in a joint operation:</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:ARIAL">a) its assets, including any share of the assets of
joint ownership;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:ARIAL">b) its liabilities, including any share of the liabilities incurred jointly;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:ARIAL">c) income from the sale of its share of production from the joint venture;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:ARIAL">d) its share of the proceeds from the sale of production from the joint venturer; and</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:ARIAL">e) its expenses, including any share of the joint expenses.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">A
joint venturer shall account for the assets, liabilities, income and expenses related to its participation in a joint operation in accordance with IFRS applicable to the assets, liabilities, income and expenses specific question.</P>
<P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Joint venture</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">A joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. A joint venturer shall recognize its
interest in a joint venture as an investment and shall account for that investment using the equity method in accordance with IAS 28 Investments in Associates and Joint Ventures.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</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">F-255 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="78%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Leases</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">A lease is an agreement whereby the lessor conveys to the lessee in return for a payment or series of payments the right to use an asset for an agreed period of time, a
stream of cash flows that is essentially equivalent to the combination of principal and interest payments under a loan agreement.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A lease is classified as a finance lease when it substantially transfers all the risks and rewards incidental to ownership of the
asset forming the subject-matter of the contract.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A lease will be classified as operating lease when it is not a financial
lease.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Liabilities included in</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">disposal groups</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">classified as held for</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">sale</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">The balance of liabilities directly associated with assets classified as non-current assets held for sale,
including those recognized under liabilities in the entity&#146;s balance sheet at the balance sheet date corresponding to discontinued operations.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Liabilities under</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">insurance contracts</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The technical reserves of direct insurance and inward reinsurance recorded by the consolidated entities to cover claims arising from insurance contracts in force at
period-end.</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Loans and advances</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">to customers</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Loans and receivables, irrespective of their type, granted to third parties that are not credit entities.</P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Loans and receivables</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Financial instruments with determined or determinable cash flows and in which the entire payment made by the entity will be recovered, except for reasons attributable to
the solvency of the debtor. This category includes both the investments from the typical lending activity (amounts of cash available and pending maturity by customers as a loan or deposits lent to other entities, and unlisted debt certificates), as
well as debts contracted by the purchasers of goods, or users of services, that form part of the entity&#146;s business. It also includes all finance lease arrangements in which the consolidated subsidiaries act as lessors.</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Loss given default</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">(LGD)</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">It is the estimate of the loss arising in the event of default. It depends mainly on the characteristics of the counterparty, and the valuation of the guarantees or
collateral associated with the asset.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Mortgage-covered bonds</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Financial asset or security created from mortgage loans and backed by the guarantee of the mortgage loan portfolio of the entity.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Net Operating Income</P>
<P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">Gross income less administrative costs and amortization</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Non performing</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">financial guarantees</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">given</P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">The balance of non performing risks, whether for reasons of default by customers or for other reasons, for
financial guarantees given. This figure is shown gross: in other words, it is not adjusted for value corrections (loan loss reserves) made.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Non Performing</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">Loans (NPL)</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The balance of non performing risks, whether for reasons of default by customers or for other reasons, for exposures on balance loans to customers. This figure is shown
gross: in other words, it is not adjusted for value corrections (loan loss reserves) made.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Non-controlling</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">interests</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The net amount of the profit or loss and net assets of a subsidiary attributable to associates outside the group (that is, the amount that is not owned, directly or
indirectly, by the parent), including that amount in the corresponding part of the consolidated earnings for the period.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Non-current assets</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">and disposal groups</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">held for sale</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">A non-current asset or disposal group, whose carrying amount is expected to be realized through a sale transaction, rather than through continuing use, and which meets
the following requirements:</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:ARIAL">a)&nbsp;&nbsp;&nbsp;&nbsp;it is immediately available for sale in its present condition at the balance sheet date,
i.e. only normal procedures are required for the sale of the asset.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:ARIAL">b)&nbsp;&nbsp;&nbsp;&nbsp;the sale is considered highly probable.</P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</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">F-256 </P>


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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="78%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Non-monetary assets</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Assets and liabilities that do not provide any right to receive or deliver a determined or determinable amount of monetary units, such as tangible and intangible assets,
goodwill and ordinary shares subordinate to all other classes of capital instruments.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Option risk</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Risks arising from options, including embedded options.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Other financial</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">assets/liabilities at fair</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">value through profit</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">or loss</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Instruments designated by the entity from the inception at fair value with changes in profit or loss.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">An entity may only designate a financial instrument at fair value through profit or loss, if doing so more relevant information is obtained, because:</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) It eliminates or significantly reduces a measurement or recognition inconsistency (sometimes called &#147;accounting
mismatch&#148;) that would otherwise arise from measuring assets or liabilities or recognizing the gains and losses on them on different bases. It might be acceptable to designate only some of a number of similar financial assets or financial
liabilities if doing so a significant reduction (and possibly a greater reduction than other allowable designations) in the inconsistency is achieved.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) The performance of a group of financial assets or financial liabilities is managed and evaluated on a fair value basis, in
accordance with a documented risk management or investment strategy, and information about the group is provided internally on that basis to the entity&#146;s key management personnel.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">These are financial assets managed jointly with &#147;Liabilities under insurance contracts&#148; measured at fair value, in combination with derivatives written with a
view to significantly mitigating exposure to changes in these contracts&#146; fair value, or in combination with financial liabilities and derivatives designed to significantly reduce global exposure to interest rate risk.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">These headings include customer loans and deposits effected via so-called unit-linked life insurance contracts, in which the policyholder assumes the investment
risk.</P> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Other Reserves</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">This heading is broken down as follows:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">i) Reserves or accumulated losses of investments in subsidiaries, joint ventures and associate: include the accumulated amount of income and expenses generated by the
aforementioned investments through profit or loss in past years.</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">ii) Other: includes reserves
different from those separately disclosed in other items and may include legal reserve and statutory reserve.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Other retributions to</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">employees long term</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">Includes the amount of compensation plans to employees long term</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Own/treasury shares</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The amount of own equity instruments held by the entity.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Past service cost</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">It is the change in the present value of the defined benefit obligation for employee service in prior periods, resulting in the current period from the introduction of,
or changes to, post-employment benefits or other long-term employee benefits.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Post-employment</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">benefits</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Retirement benefit plans are arrangements whereby an enterprise provides benefits for its employees on or after termination of service.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Potential problem risk</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">All debt instruments and contingent risks which do not meet the criteria to be classified individually as non-performing or written-off, but show weaknesses that may
entail for the entity the need to assume losses greater than the hedges for impairment of risks subject to special monitoring.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</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">F-257 </P>


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<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="78%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Probability of default</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">(PD)</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">It is the probability of the counterparty failing to meet its principal and/or interest payment obligations. The PD is associated with the rating/scoring of each
counterparty/transaction.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Property, plant and</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">equipment/tangible</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">assets</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">Buildings, land, fixtures, vehicles, computer equipment and other facilities owned by the entity or acquired
under finance leases.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Provisions</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Provisions include amounts recognized to cover the Group&#146;s current obligations arising as a result of past events, certain in terms of nature but uncertain in terms
of amount and/or cancellation date.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Provisions for</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">contingent liabilities</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">and commitments</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Provisions recorded to cover exposures arising as a result of transactions through which the entity guarantees commitments assumed by third parties in respect of
financial guarantees granted or other types of contracts, and provisions for contingent commitments, i.e., irrevocable commitments which may arise upon recognition of financial assets.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Provisions for</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">pensions and similar</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">obligation</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">Constitutes all provisions recognized to cover retirement benefits, including commitments assumed
vis-&agrave;-vis beneficiaries of early retirement and analogous schemes.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Provisions or (-)</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">reversal of provisions</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Provisions recognized during the year, net of recoveries on amounts provisioned in prior years, with the exception of provisions for pensions and contributions to
pension funds which constitute current or interest expense.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Refinanced Operation</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">An operation which is totally or partially brought up to date with its payments as a result of a refinancing operation made by the entity itself or by another company in
its group.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Refinancing Operation</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">An operation which, irrespective of the holder or guarantees involved, is granted or used for financial or legal reasons related to current or foreseeable financial
difficulties that the holder(s) may have in settling one or more operations granted by the entity itself or by other companies in its group to the holder(s) or to another company or companies of its group, or through which such operations are
totally or partially brought up to date with their payments, in order to enable the holders of the settled or refinanced operations to pay off their loans (principal and interest) because they are unable, or are expected to be unable, to meet the
conditions in a timely and appropriate manner.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Renegotiated Operation</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">An operation whose financial conditions are modified when the borrower is not experiencing financial difficulties, and is not expected to experience them in the future,
i.e. the conditions are modified for reasons other than restructuring.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Repricing risk</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Risks related to the timing mismatch in the maturity and repricing of assets and liabilities and off-balance sheet short and long-term positions.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Restructured Operation</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">An operation whose financial conditions are modified for economic or legal reasons related to the holder&#146;s (or holders&#146;) current or foreseeable financial
difficulties, in order to enable payment of the loan (principal and interest), because the holder is unable, or is expected to be unable, to meet those conditions in a timely and appropriate manner, even if such modification is provided for in the
contract. In any event, the following are considered restructured operations: operations in which a haircut is made or assets are received in order to reduce the loan, or in which their conditions are modified in order to extend their maturity,
change the amortization table in order to reduce the amount of the installments in the short term or reduce their frequency, or to establish or extend the grace period for the principal, the interest or both; except when it can be proved that the
conditions are modified for reasons other than the financial difficulties of the holders and, are similar to those applied on the market on the modification date for operations granted to customers with a similar risk profile.</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</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">F-258 </P>


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<TD WIDTH="78%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Retained earnings</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Accumulated net profits or losses recognized in the income statement in prior years and retained in equity upon distribution.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Securitization fund</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">A fund that is configured as a separate equity and administered by a management company. An entity that would like funding sells certain assets to the securitization
fund, which, in turn, issues securities backed by said assets.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Share premium</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The amount paid in by owners for issued equity at a premium to the shares&#146; nominal value.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Shareholders&#146; funds</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Contributions by stockholders, accumulated earnings recognized in the income statement and the equity components of compound financial instruments.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Short positions</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Financial liabilities arising as a result of the final sale of financial assets acquired under repurchase agreements or received on loan.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Significant influence</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control of those policies. If an entity holds,
directly or indirectly (i.e. through subsidiaries), 20 per cent or more of the voting power of the investee, it is presumed that the entity has significant influence, unless it can be clearly demonstrated that this is not the case. Conversely, if
the entity holds, directly or indirectly (i.e. through subsidiaries), less than 20 per cent of the voting power of the investee, it is presumed that the entity does not have significant influence, unless such influence can be clearly demonstrated. A
substantial or majority ownership by another investor does not necessarily preclude an entity from having significant influence.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The existence of significant
influence by an entity is usually evidenced in one or more of the following ways:</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;representation on the board of
directors or equivalent governing body of the investee;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;b)&nbsp;&nbsp;&nbsp;&nbsp;participation in policy-making processes, including
participation in decisions about dividends or other distributions;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;c)&nbsp;&nbsp;&nbsp;&nbsp;material transactions between the entity and its
investee;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;d)&nbsp;&nbsp;&nbsp;&nbsp;interchange of managerial personnel; or</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;e)&nbsp;&nbsp;&nbsp;&nbsp;provision of essential technical information.</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Structured credit</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">products</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">Special financial instrument backed by other instruments building a subordination structure.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Structured Entities</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">A structured entity is an entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity, such as when
any voting rights relate to administrative tasks only and the relevant activities are directed by means of contractual arrangements. A structured entity often has some or all of the following features or attributes:</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;restricted activities.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;b)&nbsp;&nbsp;&nbsp;&nbsp;a narrow and well-defined objective, such as to effect a tax-efficient lease, carry out research and development
activities, provide a source of capital or funding to an entity or provide investment opportunities for investors y passing on risks and rewards associated with the assets of the structured entity to investors.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;c)&nbsp;&nbsp;&nbsp;&nbsp;insufficient equity to permit the structured entity to finance its activities without subordinated financial
support.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;d)&nbsp;&nbsp;&nbsp;&nbsp;financing in the form of multiple contractually linked instruments to investors that create concentrations
of credit or other risks (tranches).</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Subordinated</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">liabilities</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Financing received, regardless of its instrumentation, which ranks after the common creditors in the event of a liquidation.</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</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">F-259 </P>


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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Subsidiaries</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Companies over which the Group exercises control. An entity is presumed to have control over another when it possesses the right to oversee its financial and operational
policies, through a legal, statutory or contractual procedure, in order to obtain benefits from its economic activities. Control is presumed to exist when the parent owns, directly or indirectly through subsidiaries, more than one half of an
entity&#146;s voting power, unless, exceptionally, it can be clearly demonstrated that ownership of more than one half of an entity&#146;s voting rights does not constitute control of it. Control also exists when the parent owns half or less of the
voting power of an entity when there is:</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;an agreement that gives the parent the right to control the votes of other
shareholders;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;b)&nbsp;&nbsp;&nbsp;&nbsp;power to govern the financial and operating policies of the entity under a statute or an agreement;
power to appoint or remove the majority of the members of the board of directors or equivalent governing body and control of the entity is by that board or body;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;c)&nbsp;&nbsp;&nbsp;&nbsp;power to cast the majority of votes at meetings of the board of directors or equivalent governing body and control of
the entity is by that board or body.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Tax liabilities</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">All tax related liabilities except for provisions for taxes.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Territorials bonds</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Financial assets or fixed asset security issued with the guarantee of portfolio loans of the public sector of the issuing entity</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Tier 1 Capital</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Includes: Common stock, parent company reserves, reserves in consolidated companies, non-controlling interests,, computable generic, deductions and others and attributed
net income</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Tier 2 Capital</P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">Includes: Subordinated, preferred shares and non- controlling interest</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Unit-link</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">This is life insurance in which the policyholder assumes the risk. In these policies, the funds for the technical insurance provisions are invested in the name of and on
behalf of the policyholder in shares of Collective Investment Institutions and other financial assets chosen by the policyholder, who bears the investment risk.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Value at Risk (VaR)</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Value at Risk (VaR) is the basic variable for measuring and controlling the Group&#146;s market risk. This risk metric estimates the maximum loss that may occur in a
portfolio&#146;s market positions for a particular time horizon and given confidence level</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">VaR
figures are estimated following two methodologies:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&middot;&nbsp;&nbsp;&nbsp;&nbsp;&#145;VaR without smoothing, which awards equal weight to the daily information for the immediately
preceding last two years. This is currently the official methodology for measuring market risks vis-&agrave;-vis limits compliance of the risk.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&middot;&nbsp;&nbsp;&nbsp;&nbsp;VaR with smoothing, which weights more recent market information more heavily.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">This is a metric which supplements the previous one.</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">VaR with smoothing adapts itself more swiftly to the changes in financial market conditions, whereas VaR without smoothing is, in general, a more stable metric that will
tend to exceed VaR with smoothing when the markets show less volatile trends, while it will tend to be lower when they present upturns in uncertainty.</P> <P STYLE="font-size:16pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" STYLE="BORDER:1px solid #000000; padding-left:8pt">Yield curve risk</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Risks arising from changes in the slope and the shape of the yield curve.</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</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">F-260 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 1.1 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:26pt; 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:26pt; font-family:Times New Roman" ALIGN="center"><B>Company Bylaws </B></P>

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<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
 2
</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:Times New Roman" ALIGN="center"><B>TITLE
I </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>GENERAL CHARACTERISTICS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Name, registered office, corporate purpose and duration of the Company </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Name. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Company is called BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (the &#147;Bank&#148;
or the &#147;Company&#148;) and will be governed by the law, these Company Bylaws and other provisions that are applicable. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Registered office. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Bank has its registered office in the city of Bilbao (Vizcaya),
Plaza de San Nicolas no. 4, and may set up branch, agency, regional and representative offices anywhere in Spain or abroad, pursuant to prevailing legal provisions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The registered office address may be changed within the same municipal district by a Board of Directors&#146; resolution. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;3.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Corporate purpose </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Bank&#146;s corporate purpose is to engage in all kinds of
activities, operations, acts, contracts and services within the banking business or directly or indirectly related to it, that are permitted or not prohibited by prevailing provisions and ancillary activities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Its corporate purpose also includes the acquisition, holding, utilisation and divestment of securities, public offerings to buy and sell
securities, and any kind of holdings in any company or enterprise. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;4.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Duration and commencement of operations </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The duration of the Company will be for an
indefinite period of time. It may commence its operations on the date on which the public deed of foundation is formalised. </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
 3
</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:Times New Roman" ALIGN="center"><B>TITLE
II </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SHARE CAPITAL. SHARES. SHAREHOLDERS. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Chapter One </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>On Share
Capital </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;5.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Share capital. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Bank&#146;s share capital stands at THREE BILLION, TWO HUNDRED AND
SEVENTEEN MILLION, SIX HUNDRED AND FORTY ONE THOUSAND, FOUR HUNDRED AND SIXTY EIGHT EURO, FIFTY EIGHT CENTS (&#128;3,217,641,468.58), represented by SIX BILLION, FIVE HUNDRED AND SIXTY SIX MILLION, SIX HUNDRED AND FIFTEEN THOUSAND, TWO HUNDRED AND
FORTY TWO (6,566,615,242) shares each with a nominal value of FORTY NINE EURO CENTS (&#128;0.49), all of the same class and series, fully subscribed and paid up. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;6.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Capital increase or reduction. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Bank&#146;s capital may be increased or decreased by
resolution of the General Meeting. Notwithstanding the provisions of article 30 in section c) and d) of these Company Bylaws. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The share
capital may be increased by issuing new shares or by increasing the nominal value of <FONT STYLE="white-space:nowrap">pre-existing</FONT> shares. In both cases, the exchange value of the increase in capital may consist both of new cash or <FONT
STYLE="white-space:nowrap">non-cash</FONT> contributions to the Company&#146;s net assets, including the <FONT STYLE="white-space:nowrap">set-off</FONT> of credits against the Company, or a charge against earnings or reserves that already appeared
on the latest balance sheet approved. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">When share capital is increased by issuance of new ordinary or preference shares payable in cash,
shareholders will be entitled to subscribe a number of shares proportional to the nominal value of the shares they own, within the period granted to them for this purpose by the Company&#146;s Board of Directors. This period will be not less than
fifteen days from the publication of the announcement of the offering for subscription of the new shares in the Official Gazette of the Companies Registry (BORME). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The <FONT STYLE="white-space:nowrap">pre-emptive</FONT> subscription rights will be transferable under the same conditions as the shares from
which they derive. When share capital is increased by a charge against reserves, the same rule will apply to the rights of free allocation of the new shares </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
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</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><FONT
STYLE="white-space:nowrap">Pre-emptive</FONT> subscription rights will not apply when the increase of capital is due to the take-over of another company or of all or part of the <FONT STYLE="white-space:nowrap">split-off</FONT> assets of another
company or the conversion of debentures into shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">When the interests of the Company so require, the General Meeting deciding on a
capital increase to totally or partially eliminate <FONT STYLE="white-space:nowrap">pre-emptive</FONT> subscription rights, pursuant to legally established requirements. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Chapter Two </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>On Shares
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;7.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Representation of shares </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Shares will be represented by book entries governed by the
provisions of the Securities Exchange Act and any other applicable provisions. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;8.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Registration of shares </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Shares, and their transfer and the constitution of collateral
rights or any other kind of encumbrances on them, will be registered in the appropriate accounting record pursuant to the Securities Exchange Act and concordant provisions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">However, as the Bank&#146;s shares are nominative, the company will keep its own record of shareholders with the effects and efficacy
attributed to it in each case by prevailing regulations. For this purpose, if the shareholders&#146; formal status is that of persons or entities that, pursuant to their own legislation, hold the shares under a fiduciary relationship, trust or any
other equivalent title, the Company may require said persons or entities to notify it of the final owners of the shares and any acts of transfer of and encumbrance on them. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;9.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Capital at call </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Where any shares are not paid up in full, shareholders must pay the
undisbursed part at the time that the Board of Directors may determine, within a maximum period of five years from the date of the resolution to increase the capital. The form and other circumstances of the disbursement will be subject to the
provisions in the resolution to increase the capital. </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
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</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The
capital calls will be notified to the shareholders affected or will be announced in the Official Gazette of the Companies Registry (BORME). There must be at least one month between the date of sending the notification or the publication of the
announcement and the payment date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Shareholders in default of capital calls may not vote. The amount of their shares will be subtracted
from the share capital for calculating quorum. Shareholders in default will not be entitled to collect dividends or to <FONT STYLE="white-space:nowrap">pre-emptive</FONT> subscription of new shares or convertible debentures. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Should the payment term indicated elapse without payment having been made, depending on each case and taking into account the nature of the
disbursement not made, the Bank may either demand compliance with the obligation to disburse the capital and the legal interest payment plus the damages caused by the delay or else proceed to the transfer of the shares on behalf of the defaulting
shareholder. In that case, the transfer of the shares will be verified by a member of the official secondary market on which the shares were listed, or otherwise by a notary public. Where appropriate, the original share certificate may then be
replaced with a duplicate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Were the sale to take place, the proceeds (minus expenses) will become the Bank&#146;s and be applied to
covering the amount of the capital call against the cancelled shares. If there is a surplus, it will be delivered to the holder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">If the
sale cannot take place, the shares will be redeemed, and the share capital reduced accordingly. The amounts already paid up will remain on the Company&#146;s books. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Should partially <FONT STYLE="white-space:nowrap">paid-up</FONT> shares be transferred, the acquiring shareholder, together with all the
preceding transferors, at the choice of the Board of Directors, will be jointly and severally liable for paying the capital call. The transferor&#146;s&#146; liability will persist for three years after the transfer date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The prescriptions of this article will not prevent the Bank from using any remedies against the defaulting shareholders that are available
under applicable law. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;10.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Multiple ownership </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">All the shares are indivisible. When, as a result of inheritance,
legacy or other title, the ownership of a share was vested in two or more persons, the <FONT STYLE="white-space:nowrap">co-owners,</FONT> albeit subject to article 24 of these Company Bylaws will have to appoint just one person to exercise the
shareholder&#146;s rights. The <FONT STYLE="white-space:nowrap">co-owners</FONT> will be jointly and severally liable to the Company for any obligations stemming from their status as shareholders. If no agreement is reached on such appointment, or
in the event of silence, the representation will be deemed to be attributed to the </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
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</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:Times New Roman">
holder of the largest number of shares. Should the holders own the same number of shares, the Bank will make the appointment by drawing lots. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The same rule will apply to other cases of joint ownership of rights over shares. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;11.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Transfer of shares </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Company shares will be freely transferable. Transfer will be
performed by changes to book entries. Registering the transfer in the accounting record to the name of the purchaser will produce the same effects as exchange of traditional share certificates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The legitimacy of the transfer necessary to enforce the rights stemming from the shares can be accredited by exhibiting the certificate issued
by the Bank or authority in charge of the accounting record on which the shares are registered. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;12.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Robbery, theft, misplacement or destruction of certificates issued from the accounting record </B></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">If certificates of shareholder status are mislaid, stolen or destroyed, issuance of new certificates to replace the original copies will be
subject to the regulations applicable to the system of representing shares by book entries. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;13.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><FONT STYLE="white-space:nowrap">Non-voting</FONT> shares </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Company may issue shares
with no voting rights within the legally established limits. Their holders will be entitled to receive a minimum fixed or variable annual dividend as resolved by the General Meeting and/or the Board of Directors at the time of deciding to issue the
shares. Once the minimum dividend has been agreed upon, holders of <FONT STYLE="white-space:nowrap">non-voting</FONT> shares will be entitled to the same dividend as holders of ordinary shares. If there are distributable earnings, the Company is
obliged to agree to distribute the minimum divided mentioned above. If there are no distributable earnings or they are insufficient, the unpaid part of the minimum dividend will accumulate or not, pursuant to the terms agreed by the General Meeting
at the time of deciding to issue the shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Holders of <FONT STYLE="white-space:nowrap">non-voting</FONT> shares may exercise their <FONT
STYLE="white-space:nowrap">pre-emptive</FONT> subscription right should the General Meeting and/or the Board of Directors so resolve at the time of issuing shares or share-convertible debentures. Recovery of voting rights must be resolved at the
same time. </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
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</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;13.bis</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Redeemable shares </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Company may issue shares that are redeemable at the request of
the issuing company or of the holders of such shares or of both, for a nominal amount not greater than one quarter of the share capital. The issue resolution will set the conditions for enforcing the redemption right. If the redemption right was
attributed exclusively to the issuer, it may not be enforced until three years have elapsed since the issue. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Redeemable shares must be
fully paid up at the time of subscription. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Redemption of redeemable shares must be charged to earnings or to free reserves or be made
with the proceeds of a new share issue made under a resolution from the General Meeting or, as the case may be, from the Board of Directors, for the purpose of financing the redemption transaction. If the redemption of these shares is charged to
earnings or to free reserves, the Company must set up a reserve for the amount of the nominal value of the shares redeemed. If the redemption is not charged to earnings or free reserves or made with the issuance of new shares, it may only be carried
out under the requirements established for the reduction of share capital by refunding contributions. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;13.ter</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Privileged shares </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Company may issue shares that confer some privilege over ordinary
shares under the legally established terms and conditions, complying with the formalities prescribed for amending the Company Bylaws. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Chapter Three </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>On
Shareholders </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;14.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>General principles </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Shareholders&#146; rights and obligations, their content and scope,
limits and conditions, will be governed by the provisions of these Company Bylaws and, where applicable, by current regulations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Holding
one or more shares will imply that the shareholder accepts these Company Bylaws and the resolutions of the General Meeting and of the Board of Directors. This does not undermine their right to challenge established by law. </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
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<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Shareholders, and the Company, waiving their own jurisdiction, are expressly subject to the court jurisdiction pertaining to the Company&#146;s
registered office for any matters that arise between them. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;15.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Rights of shareholders </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The following are rights of the Bank&#146;s shareholders. They
may be exercised within the terms and conditions and with the limitations set out in these Company Bylaws: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top">The right to participate in the distribution of corporate earnings and any net assets resulting from liquidation proportionally to the capital paid up. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top">The right of <FONT STYLE="white-space:nowrap">pre-emptive</FONT> subscription over issues of new shares or debentures convertible into shares. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top">The right to attend General Meetings, in accordance with article 23 of these Company Bylaws, and to vote at them, except for holders of <FONT STYLE="white-space:nowrap">non-voting</FONT> shares, and also to challenge
corporate resolutions. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">d)</TD>
<TD ALIGN="left" VALIGN="top">The right to call for annual or extraordinary General Meetings, under the terms and conditions laid down by law and these Company Bylaws. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">e)</TD>
<TD ALIGN="left" VALIGN="top">The right to examine the annual financial statements, the management report, the proposed allocation of profit or losses and the auditors&#146; report, and also, where applicable, the consolidated financial statement
and management report, in the manner and within the time limit set out in article 29 of these Company Bylaws. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">f)</TD>
<TD ALIGN="left" VALIGN="top">The right to information, pursuant to applicable legislation and these Company Bylaws. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">g)</TD>
<TD ALIGN="left" VALIGN="top">The right to obtain certification of the resolutions and the minutes of the General Meetings for shareholders and shareholder proxies who have attended the General Meeting. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">h)</TD>
<TD ALIGN="left" VALIGN="top">In general, all rights that may be recognised by legal provisions or by these Company Bylaws. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;16.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Obligations of shareholders </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The obligations of the shareholders are: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top">To submit to the Company Bylaws and to the resolutions of General Meetings, of the Board of Directors and other bodies of governance and administration. </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
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</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top">To put up the percentage of capital pending disbursement, when so required. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top">To accept the Bank&#146;s registered office as determining jurisdiction for the resolution of any differences between the shareholder, as such, and the Company, waiving any right to seek remedy in courts elsewhere.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">d)</TD>
<TD ALIGN="left" VALIGN="top">Other obligations laid down by legal provision or by these Company Bylaws. </TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TITLE III
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ON CORPORATE BODIES </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;17.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Number </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The supreme bodies responsible for decision-making, representation,
administration, supervision and management of the Company are the General Meeting and the Board of Directors, and within the Board&#146;s scope of powers, the Executive Committee and other Board Committees. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Chapter One </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>On the
Shareholders&#146; General Meeting </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;18.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>The General Meeting as sovereign body </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The General Meeting, legally constituted, is the
Company&#146;s sovereign body. Its resolutions, when validly adopted, are binding on all shareholders, including shareholders not attending the General Meeting and those shareholders who voted against resolutions, did not have a vote or abstained
from voting. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;19.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Categories of General Meetings </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">General Meetings of Shareholders may be annual or
extraordinary. The annual General Meeting, convened as such, will necessarily meet within the first six months of each year. It will approve, where approval is forthcoming, to the corporate management and the financial statements for the previous
year and resolve as to the allocation of profits or losses. It will also be able to resolve on any other matters on the agenda or allowed by law, within the </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
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</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:Times New Roman">
scope of its powers, provided that the General Meeting is attended by the number of shareholders and the percentage of capital required by law or the Company Bylaws in each case. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Any General Meeting other than the one provided for in the previous paragraph will be considered an extraordinary General Meeting. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;20.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Notice of meeting </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">General Meetings will be called at the initiative of the
Company&#146;s Board of Directors whenever it deems necessary or advisable for the Company&#146;s interests, and in any case on the dates or within the periods determined by law and these Bylaws. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">If requested by one or several shareholders representing at least three per cent of the share capital, the Board of Directors must also
convene a General Meeting. The requisition must expressly state the matters to be dealt with. In such event, the Board of Directors must call the General Meeting so that it is held within the legally established period as of the date on which the
Board of Directors is served duly attested notice to call it. The agenda must without fail include the matters to which the request for a Meeting referred. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Likewise, in the period and form established by law, shareholders representing at least three per cent of the share capital may request
publication of a supplement to the notice of meeting for an Annual General Meeting, including one or more items on the agenda in the notice, providing the new items are accompanied by substantiation or, as appropriate, a substantiated proposed
resolution, and submit substantiated proposals for resolutions on matters already included or that should be included in the agenda of the notice of meeting for the General Meeting being convened. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;21.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Form and content of the notice of meeting </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Annual and extraordinary General Meetings
must be convened by means of an announcement published in the Official Gazette of the Companies Registry (BORME) or one of the highest-readership daily newspapers in Spain, within the notice period required by law, as well as being disseminated on
the CNMV (securities exchange authority) website and the Company website, except when legal provisions establish other media for disseminating the announcement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The announcement will indicate the date, time and place of the General Meeting at first summons and its agenda, which will contain all the
matters that the Meeting will cover, and any other references that may be required by law. The date on which the General Meeting will be held at second summons may also be stated in the announcement. </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
 11
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">At least
twenty-four hours must be allowed to elapse between the Meetings held at first and second summons. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board of Directors may consider
the technical media and legal bases that enable and guarantee remote attendance at the General Meeting. When convening each General Meeting, it may evaluate the possibility of organising attendance over remote media. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;22.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Place </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Notwithstanding what is laid down by law for Universal General Meetings, General
Meetings will be held in the municipal district where the Company has its registered office on the date indicated in the notice of meeting, and their sessions may be extended for one or more consecutive days at the proposal of the Board of Directors
or at the request of a number of shareholders representing at least one quarter of the capital present at the Meeting. General Meetings may also be transferred to a place other than that indicated in the notice of meeting, within the same municipal
district, with the knowledge of those present, in the event of <I>force majeure.</I> </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;23.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Right of attendance </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Holders of 500 or more shares whose ownership is registered in the
respective accounting record at least five days before the day on which the Meeting is scheduled, pursuant to the Securities Exchange Act and other applicable provisions, and who conserve at least that number of shares until the Meeting is held, may
attend annual and extraordinary General Meetings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Holders of fewer shares may group together until they make up at least that number,
appointing their representative. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Each shareholder entitled to attend who so requests will be given a card with their name on it,
indicating how many shares they hold. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Executives, managers and staff of the Company and its associated undertakings may attend, as may
anyone authorised by the Chairman of the General Meeting. The General Meeting reserves the right to revoke that authorisation. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;24.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Proxies for the General Meeting </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Any shareholder who is entitled to attend may be
represented at the General Meeting by another person, who need not necessarily be a shareholder. </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
 12
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Proxy
must be conferred specifically for each General Meeting, using the proxy form established by the Company, which will be recorded on the attendance card. A single shareholder may not be represented at the Meeting by more than one proxy, except under
the circumstances provided in the Act for brokering institutions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Likewise, authorisation may be conferred by means of remote
communications that comply with the requirements laid down by law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Proxies conferred by a fiduciary or merely apparent shareholder will
be rejected. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;25.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Quorum </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Annual and extraordinary General Meetings will be validly constituted if the
minimum quorum required by prevailing law is present for each of the various matters or business included on the agenda. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The above
notwithstanding, in order to adopt resolutions on replacing the corporate purpose, the transformation, total spin off, winding up the Company and amending this second paragraph of this article, <FONT STYLE="white-space:nowrap">two-thirds</FONT> of
the subscribed voting capital must attend the General Meeting at first summons, or 60% of that capital at second summons. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;26.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Chairman and Secretary of the General Meeting </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Chairman of the General Meeting will
be Chairman of the Board of Directors. When this is not possible, it will be the Deputy Chairman. Should there be several Deputy Chairmen, the order established by the Board of Directors itself when appointing them will be followed. Otherwise, age
seniority will prevail. When none of the above are available, the General Meeting will be chaired by the director appointed by the Board of Directors for that purpose. The Secretary of the Board will act as Secretary of the General Meeting, and when
this is not possible, the Deputy Secretary. If this is not possible, the Secretary of the General Meeting will be the person the Board of Directors appoints in his/her stead. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;27.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Attendance list </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Once the Panel, which will comprise the Chairman and the Secretary of
the General Meeting, is constituted, the attendance list will be drawn up. This will report the number of shareholders in attendance with voting rights, the number attending personally or by proxy, and the percentage of share capital that they all
represent. For this task, the Panel may use two scrutineers appointed by the Board of Directors prior to the General Meeting from amongst the </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
 13
</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:Times New Roman">
shareholders. The attendance list will appear at the beginning of the minutes or will be attached to them as an appendix. It will be signed by the Secretary and countersigned by the Chairman. It
may also be drawn up as a software application or hard file, and in either case the appropriate identification tag signed by the Secretary and countersigned by the Chairman will be placed across the sealed cover. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Chairman of the General Meeting will declare whether or not the requirements for the valid constitution of the Meeting are met, deal with
any queries, requests for clarification or complaints that arise regarding the attendance list, authorities conferred and proxies granted: examine, accept or reject new proposals regarding the matters on the agenda, pursuant to prevailing legal
provisions, and direct deliberations, systematising, organising, curtailing and cutting off the interventions. In general, the Chairman is empowered to do everything necessary to optimise the way that the General Meeting is run and organised. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;28.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Content of General Meetings </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Only matters that are specifically indicated in the notice
of meeting may be dealt with at annual and extraordinary General Meetings, except where otherwise laid down by law. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;29.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Shareholders&#146; right to information </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Shareholders may request the Board of Directors
for information or clarification that they deem necessary regarding the matters on the agenda or send in written questions they deem pertinent, until the fifth day before the General Meeting is scheduled. Shareholders may also request clarification
that they deem pertinent about the publicly available information that the Company has filed with the CNMV (securities exchange authority) since the last General Meeting was held and regarding the auditor&#146;s report. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The directors are obliged to furnish the information requested pursuant to the above paragraph, in writing, up until the day on which the
General Meeting is held. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">During the General Meeting, Company shareholders may verbally request any information or clarification they deem
advisable regarding the matters on the agenda. The may also request any clarification they deem necessary regarding the publicly accessible information submitted by the Company to the CNMV (securities exchange authority) since the last General
Meeting and regarding the auditor&#146;s report. Should it not be possible to satisfy the shareholder&#146;s right to information there and then, the directors will be obliged to furnish the information requested, in writing and within seven days
after the end of the General Meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Directors will be obliged to provide the information requested under the provisions of this
article, unless the information is unnecessary to safeguard shareholders&#146; rights, </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
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</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:Times New Roman">
or if there are objective reasons for considering that it could be used for purposes unrelated to the Company or if its release would harm the Company or associated companies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Information may not be refused when the request is supported by shareholders representing at least one quarter of the capital. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;30.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Powers of the General Meeting </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The General Meeting has the following powers: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top">To amend the Company Bylaws, and to confirm and/or rectify the Board of Directors&#146; interpretation of them. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top">To determine the number of seats on the Board of Directors, appoint, <FONT STYLE="white-space:nowrap">re-elect</FONT> and dismiss Board members, and ratify or revoke any appointments by
<FONT STYLE="white-space:nowrap">co-option</FONT> made by the Board of Directors. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top">To increase or reduce the share capital, conferring authority, where appropriate, on the Board of Directors to indicate, within the maximum period, pursuant to law, the date or dates of such increase or reduction. The
Board of Directors may enforce all or part of this authority or even refrain from enforcing it in consideration of market conditions, the situation of the Company itself or of any fact or event of social or economic importance that may make this
advisable. It will report on its decision at the first General Meeting held when the period set for its enforcement has elapsed. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top">To confer authority on the Board of Directors to increase the share capital as laid down by law. When the General Meeting confers such authority, it may also grant powers to exclude the right <FONT
STYLE="white-space:nowrap">pre-emptive</FONT> subscription over the share issues referred to in the authority, pursuant to the terms and the requirements laid down by law. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">e.</TD>
<TD ALIGN="left" VALIGN="top">To confer authority on the Board of Directors to amend the nominal value of shares representing the share capital, <FONT STYLE="white-space:nowrap">re-wording</FONT> article 5 of the Company Bylaws. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">f.</TD>
<TD ALIGN="left" VALIGN="top">To issue debentures or other securities recognising or creating debt and are convertible into shares, being also able to delegate to the Board of Directors the power to make such issues as well as exclude or limit the <FONT
STYLE="white-space:nowrap">pre-emptive</FONT> subscription rights, all in the terms and under the requirements laid down by Law. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">g.</TD>
<TD ALIGN="left" VALIGN="top">To examine and approve the annual financial statements, the proposed allocation of profits or losses and the corporate management of each corresponding year, and the consolidated financial statements, where applicable.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">h.</TD>
<TD ALIGN="left" VALIGN="top">To appoint, <FONT STYLE="white-space:nowrap">re-elect</FONT> and dismiss the auditors. </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
 15
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">i.</TD>
<TD ALIGN="left" VALIGN="top">To approve the acquisition, disposal or allocation of essential assets to another company. An asset is presumed essential whenever the amount of the transaction exceeds 25% of the value of the assets that appear in the
last approved balance sheet. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">j.</TD>
<TD ALIGN="left" VALIGN="top">To approve the transformation, merger, spin off, global assignment of assets and liabilities, dissolution and offshoring of the registered office. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">k.</TD>
<TD ALIGN="left" VALIGN="top">To approve the transfer to subsidiaries of essential activities previously undertaken by the Company itself, even if the Company retains full control of the subsidiaries. Activities are presumed essential whenever the
volume of the transaction exceeds 25% of the total assets on the balance sheet. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">l.</TD>
<TD ALIGN="left" VALIGN="top">To approve transactions that are equivalent to the Company&#146;s liquidation. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">m.</TD>
<TD ALIGN="left" VALIGN="top">To approve the final liquidation balance sheet. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">n.</TD>
<TD ALIGN="left" VALIGN="top">To approve the Directors&#146; remuneration policy in the terms established by Law. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">o.</TD>
<TD ALIGN="left" VALIGN="top">To pronounce on any other matter reserved for the General Meeting by legal provision or by the Company Bylaws. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">p.</TD>
<TD ALIGN="left" VALIGN="top">To approve its Regulations and any later amendments, pursuant to the Board of Director&#146;s proposals. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;31.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Adoption of resolutions </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">At annual and/or extraordinary General Meetings, resolutions
will be adopted with the majorities required by law and by these Company Bylaws. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Each voting share will confer the right to one vote on
the holder present or represented at the General Meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Shareholders who are not up to date in the payment of capital calls will not be
entitled to vote, but only with regard to the shares whose capital calls have not been paid. Nor will holders of shares without voting rights. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Shareholders may grant voting proxy or vote by postal correspondence, <FONT STYLE="white-space:nowrap">e-mail</FONT> or any other remote
communication media, provided that the voter&#146;s identity is duly guaranteed, in accordance with the General Meeting Regulations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The
Board of Directors may draw up suitable rules, means and procedures to instrument the voting process and the granting of proxy over remote media, complying with the requirements established by law. </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
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</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;32.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Minutes of General Meetings </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Secretary of the General Meeting will take the minutes,
which will be entered in the Minute Book. They may be approved by the General Meeting itself at the end of the session, and failing that, within fifteen days, by the Chairman of the General Meeting and two scrutineers among the shareholders, one
representing the majority and the other the minority. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The resolutions may be implemented as of the date on which the minutes are approved
in which they are recorded. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The minutes will be signed by the Secretary and countersigned by the Chairman. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Any certificates issued in connection with the minutes, once approved, will be signed by the Secretary and, failing that, by the Deputy
Secretary of the Board of Directors, and countersigned by the Chairman or, as the case may be, by the Deputy Chairman of the Board of Directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board of Directors may request the presence of a Notary Public to take minutes of the proceedings. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Chapter Two </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>On the
Board of Directors </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;33.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Nature </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board of Directors will be the natural body for the Company&#146;s
representation, administration, management and oversight. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;33</B></TD>
<TD ALIGN="left" VALIGN="top"><B>bis. Remuneration. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Directorships will be remunerated. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The remuneration of directors for their directorship will comprise a fixed annual allocation, which will be distributed by the Board of
Directors in the manner that the Board so determines, in view of the conditions, duties and responsibilities of each director attributed by the Board and their membership of the various Committees. This may give rise to different amounts of
remuneration for each director. The Board will also determine the timing and form in which this allocation is paid, which may include insurance and pensions schemes established at any time. </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
 17
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The
amount of the annual allocation for the Board of Directors will be the amount that the General Meeting determines. This amount will remain in force until the General Meeting resolves its amendment, although the Board of Directors may reduce it in
years when it deems fit. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Additional to this allocation, the directors&#146; remuneration may also comprise the delivery of shares or
share options or amounts benchmarked to the share performance. The application of this remuneration modality will require a General Meeting resolution, expressing, as forthcoming, the number of shares to be delivered, the strike price on the share
options, the value of the shares to be benchmarked and how long this remuneration system will last. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Directors performing executive duties
in the Company will be excluded from the remuneration system established in the foregoing paragraphs. Their remuneration will be regulated by article 50 bis of these Company Bylaws with the amount and conditions determined by the Board of Directors.
</P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;34.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Number and election </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board of Directors will comprise a minimum of five members, and
a maximum of fifteen, elected by the General Meeting, except as provided under article 37 of these Company Bylaws. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The General Meeting of
Shareholders will determine the exact number of directors, within the stipulated limits. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;35.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Requirements for directorship </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Membership of the Board of Directors requires directors
not to be in any of the circumstances of conflict of interest or prohibition laid down by law. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;36.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Term of office and renewal </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The term of office for members of the Board of Directors
will be three years. Directors may be <FONT STYLE="white-space:nowrap">re-elected</FONT> one or more times for periods of the same maximum length. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;37.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Vacancies </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">If, during the term for which the directors were appointed, seats should fall
vacant, the Board of Directors may nominate the persons who are to cover them. Their </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
 18
</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:Times New Roman">
appointment will be put to the first General Meeting held after the nomination. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;38.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Chairman and Secretary of the Board </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board of Directors will appoint, from amongst
its members, a chairman to chair the Board of Directors, and one or several deputy chairmen of the Board of Directors. It will also appoint, from amongst its members, the chairman and deputy chairman for the committees referred to in chapter four
below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Should it be impossible for the Chairman to perform his/her duties, or in his/her absence, they will be performed by the Deputy
Chairman. Should there be several Deputy Chairmen, the order established by the Board of Directors on appointment will be followed. Otherwise, age seniority will prevail. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">In the absence of a Deputy Chairman, the meeting will be chaired on that occasion by the director appointed for such purpose by the Board of
Directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board of Directors will appoint a secretary from amongst its members, unless it resolves to commend such tasks to a <FONT
STYLE="white-space:nowrap">non-board-member.</FONT> It may also appoint a deputy secretary, who will stand in for the Secretary in the event of absence or impossibility. Otherwise, the Board of Directors will determine the substitute in each case.
</P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;39.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Powers of the Chairman </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Chairman will, in all events, be the Company&#146;s
highest-ranking representative. In the performance of his/her office, he/she will have the following powers, in addition to those attributed by the law or these Company Bylaws: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top">To call General Meetings, following a Board of Directors resolution, and to chair them. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top">To direct the discussions and deliberations of the General Meeting, arranging the order of shareholders&#146; interventions, and establishing the duration of each, in order to enable shareholders to take the floor and
expedite proceedings. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top">To call and chair the Board of Directors, the Executive Committee and other Board Committees and Commissions of which he/she is a member. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">d)</TD>
<TD ALIGN="left" VALIGN="top">To draft the meeting agendas for the Board of Directors, the Executive Committee and Board Committees and Commissions, and <FONT STYLE="white-space:nowrap">draw-up</FONT> proposed resolutions to be submitted to them.
</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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
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</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">e)</TD>
<TD ALIGN="left" VALIGN="top">To direct the discussions and deliberations of the Board of Directors, the Executive Committee and Committees and Commissions. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">f)</TD>
<TD ALIGN="left" VALIGN="top">To enforce the resolutions of the Board of Directors, the Executive Committee and the other Committees and Commissions. To such purpose, he/she will have the broadest powers of attorney, whatever authority is conferred
on other directors by the corresponding corporate body to such effect. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;39&nbsp;bis.&nbsp;Lead&nbsp;Director</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">If the Chairman of the Board of Directors holds the position of Executive Director, the
Board of Directors, with the abstention of the executive directors, must appoint a Lead Director from among the independent directors. The Lead Director shall have the powers attributed by Law, by these Bylaws and by the Board of Directors
Regulations. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;40.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Board meetings and notice of meetings </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board of Directors will meet whenever the
Chairman or the Executive Committee deems fit, upon request from the Lead Director or from at least one quarter of the directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The
Board of Directors will be called by the Chairman and, where this is not possible, by the Deputy Chairman in his/her stead. Should these persons be absent or unable to perform their duties for any reason, the Board of Directors will be called by the
eldest director. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Directors constituting at least one third of the Board members may call a meeting, indicating the agenda, to be held in
the municipal district where the Company offices are registered if, within one month of being so requested, the Chairman has failed to call a meeting without due cause. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;41.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Quorum and adoption of resolutions </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board of Directors will be validly constituted
when the majority of its members are present or represented. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Resolutions will be adopted by an absolute majority of votes cast in person
or by proxy, except as provided under articles 45 and 49 of these Company Bylaws. </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
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</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;42.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Proxy for Board meetings </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">A director who does not attend may delegate their proxy to
another director. <FONT STYLE="white-space:nowrap">Non-executive</FONT> directors may only delegate to other <FONT STYLE="white-space:nowrap">non-executive</FONT> directors. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;43.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Powers of the Board </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board of Directors will have the broadest powers of attorney,
administration, management and supervision. It is empowered to perform all manner of acts and enter into contracts relating to ownership and administration. In particular, its powers will include but are in no way limited to the following: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">To carry out all transactions comprising the corporate purpose or help make its achievement possible, pursuant to article 3 of these Company Bylaws. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">To resolve to call the General Meeting, notwithstanding the provisions of article 20 and 39.a) of these Company Bylaws. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">To draft and propose the following for General Meeting approval: the annual financial statements, the management report and the proposed allocation of profits or losses and also, where applicable, the consolidated
financial statements and management report for each financial year. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">To implement the resolutions of the General Meeting and, where applicable and pursuant to legal provisions, appoint the persons who should grant the relevant public and private documents. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">To interpret the Company Bylaws and fill any omissions, especially with regard to the article on corporate purpose, reporting the resolutions adopted to the General Meeting, where applicable. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top">To resolve on the creation, cancellation, relocation, transfer and other acts and transactions related to the Company&#146;s branch, regional and representation offices in and outside Spain. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top">To adopt the Company&#146;s internal regulations with powers to amend them. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.</TD>
<TD ALIGN="left" VALIGN="top">To establish the administrative expenses and establish or agree on any ancillary services it deems necessary or advisable. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">9.</TD>
<TD ALIGN="left" VALIGN="top">To resolve on the distribution of interim dividends to the shareholders, before the respective financial year has ended and before the annual financial statements are adopted, pursuant to prevailing legislation.
</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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
 21
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">10.</TD>
<TD ALIGN="left" VALIGN="top">To appoint and dismiss Bank employees, establishing their salaries and perquisites. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">11.</TD>
<TD ALIGN="left" VALIGN="top">To determine the general conditions for discount, lending and guarantee deposit, and to approve any risk transactions it deems advisable and deal with any issues that arise in the Bank&#146;s business.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">12.</TD>
<TD ALIGN="left" VALIGN="top">To represent the Bank before the state, regional, provincial, municipal authorities and bodies, publicly-owned entities, syndicates, <FONT STYLE="white-space:nowrap">public-law</FONT> corporations, companies and
individuals, and before ordinary and special courts and tribunals. It may file and defend suits, enforce rights, lodge claims and appeals of any kind to which the Bank is entitled, and abandon them when it deems fit. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">13.</TD>
<TD ALIGN="left" VALIGN="top">To acquire, possess, divest, mortgage and encumber all categories of real estate assets, property rights of any type and with respect to such assets and rights, perform any acts and enter into any civil, mercantile or
administrative contracts without exception. These may even include constituting, amending and cancelling mortgages and other property rights, as well as assigning, trading and transferring the Company&#146;s assets and liabilities.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">14.</TD>
<TD ALIGN="left" VALIGN="top">To acquire, divest, swap, transfer, encumber, subscribe, offer any categories of moveable goods, securities, shares, debentures, make public bids to sell or acquire securities, and holdings in all kinds of companies and
enterprises. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">15.</TD>
<TD ALIGN="left" VALIGN="top">To constitute companies, associations, foundations, subscribing shares and/or holdings, putting up all categories of goods, and entering into contracts for mergers and cooperation of enterprises and/or businesses.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">16.</TD>
<TD ALIGN="left" VALIGN="top">To give and receive loans and/or credit. These may be senior or secured with any kind of collateral, including mortgage. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">17.</TD>
<TD ALIGN="left" VALIGN="top">To guarantee and/or secure Company or third-party obligations of all kinds. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">18.</TD>
<TD ALIGN="left" VALIGN="top">To reach a settlement regarding all kinds of goods and rights. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">19.</TD>
<TD ALIGN="left" VALIGN="top">To delegate all or any powers that are delegable pursuant to prevailing law, and to grant and revoke all kinds of general and special powers of attorney, with or without powers of substitution. </TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;44.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Minutes of Board meetings </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Once the minutes of the Board proceedings are adopted, they
will be signed by the Secretary and countersigned by whoever chaired the meeting. </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
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</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Any
certified copies of the minutes, once approved, will be signed by the Secretary and, failing that, by the Deputy Secretary of the Board of Directors, and countersigned by the Chairman or, as the case may be, by the Deputy Chairman. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Chapter Three </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>On the
Executive Committee </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;45.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Creation and composition </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board of Directors may appoint an Executive Committee,
with the favourable vote of <FONT STYLE="white-space:nowrap">two-thirds</FONT> of its members and the corresponding entry in the Companies Registry. This will be composed of the directors that the Board nominates, whose positions will be renewed in
the time, manner and number that the Board of Directors may decide. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Executive Committee will be chaired by the Chairman, who will be
a member of it by virtue of his/her office. Failing that,, it will be chaired by the Deputy Chairman or Deputy Chairmen of the Board of Directors who sit on the committee, following the order established under Article 38 of these Company Bylaws, and
otherwise by the Executive Committee member that the Executive Committee determines. The Board of Directors will appoint a secretary, who may be a <FONT STYLE="white-space:nowrap">non-board</FONT> member. In his/her absence, he/she will be replaced
by the person appointed by those attending the respective meeting. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;46.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Meeting and powers </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Executive Committee will meet as often as its Chairman or the
person acting in his/her stead considers appropriate or at the request of a majority of its members. It will consider matters falling within the responsibility of the Board which the Board, pursuant to prevailing legislation or these Company Bylaws,
resolves to entrust to it. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;47.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Quorum and adoption of resolutions </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The rules of article 41 of these Company Bylaws
concerning the constitution of the Board of Directors and the adoption of its resolutions will be applicable to the Executive Committee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Minutes and certified copies of the resolutions adopted will be subject to article 44 of these Bylaws. </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
 23
</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:Times New Roman" ALIGN="center"><B>Chapter Four </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>On Board
Committees </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;48.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Board Committees </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board of Directors, in order to better perform its duties, may
create those Committees it deems necessary to assist it in matters corresponding to areas of its responsibility, determining their composition, assigning their members and establishing the functions of each. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The above notwithstanding, the Board of Directors must always have at least one permanent Audit Committee, Appointments Committee,
Remuneration Committee and Risks Committee, with the composition and functions established by Law, by the Board of Directors Regulations and, when applicable, by their own regulations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Committees shall be governed by the provisions of the Law, by the Board of Directors Regulations and by their specific regulations, when
applicable, which must be approved by the Board of Directors and, supplementary thereto, in as far as they are not incompatible with their nature, by the provisions relating to the running of the Board of Directors. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Chapter Five </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>On the
Chief Executive Officer and General Management </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;49.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>The Chief Executive Officer </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board of Directors may, with the favourable vote of <FONT
STYLE="white-space:nowrap">two-thirds</FONT> of its members, appoint from amongst its members, one or more chief executive officers, with such powers as it considers appropriate and as may be delegated in accordance with the legal provisions and
these Company Bylaws. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;50.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>General Management </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Board of Directors can set up one or several general management
departments and nominate General Managers to operate them with the powers and functions that the Board of Directors may determine. </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
 24
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;50.bis</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Directors who have executive functions in the Company attributed to them, whatever the
nature of their legal relationship with it, will be entitled to receive remuneration for providing these services. This will consist of: a fixed amount, in keeping with the services and responsibilities of the post; a variable supplement and any
reward schemes established in general for the senior management of the Bank. These may comprise delivery of shares or share options or remuneration indexed to the share price, subject to any requirements established by prevailing legislation. Their
remuneration also includes benefits, such as the relevant retirement and insurance schemes and social security. In the event of severance not due to breach of duties, these directors will be entitled to compensation. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TITLE IV </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ON THE
FINANCIAL YEAR AND THE ALLOCATION OF PROFIT OR LOSSES </B></P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;51.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Duration of the financial year </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The accounting periods of the Company will be one year,
coinciding with the calendar year, ending on 31st December. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;52.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Annual financial statements </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The annual financial statements and other accounting
documents that must be submitted to the General Meeting for approval will be prepared in accordance with the chart of accounts established by prevailing provisions applicable to banking institutions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The annual financial statements, the management report, the proposal for allocation of profit or losses, the auditors&#146; report and, where
applicable, the consolidated financial statements and management report, will be given the publicity that is determined at any time by prevailing provisions and these Company Bylaws. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;53.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Allocation of profit or losses </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The General Meeting will resolve on the allocation of
profit or losses from the year, in accordance with the balance sheet approved. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Once the perquisites established by law or in these
Company Bylaws have been covered, dividends may be paid out to shareholders and charged to the year&#146;s profit or to </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
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</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:Times New Roman">
unrestricted reserves, in proportion to the capital they may have paid up, provided the value of the total net assets is not, or as a result of such distribution would not be, less than the share
capital. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;53.bis</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The General Meeting may resolve to pay out dividends (either charged against the
year&#146;s earnings or against unrestricted reserves) and/or a share premium, in kind, provided that the goods or securities being distributed are standardised and sufficiently liquid or liquidatable. This condition will be presumed to have been
met when securities are listed or are going to be listed for trading on a regulated market. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The previous paragraph will also be
applicable to the return of contributions in the event of a reduction in share capital. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TITLE V </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>DISSOLUTION AND LIQUIDATION OF THE COMPANY </B></P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;54.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Grounds of dissolution </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Bank will be dissolved under the circumstances laid down by
prevailing legislation. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;55.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Appointment of liquidators </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Once a resolution has been adopted to dissolve the Company,
the General Meeting will appoint the liquidators to wind it up. In addition to the powers expressly vested in them by prevailing law, they shall have any other powers the General Meeting resolves to confer upon them. The General Meeting will
determine the rules the liquidators must follow in apportioning the Company&#146;s assets and will approve the financial statements of the liquidation until final settlement is reached. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;56.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Liquidation </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Once a resolution has been adopted to dissolve the Company, the liquidation
period will commence. Although the Company will retain its legal status, the directors and other proxies will cease to have powers of attorney to enter into new contracts and contract new </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>


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<TD VALIGN="top"><B>Banco Bilbao Vizcaya Argentaria, S.A. Company Bylaws</B></TD>
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<TD VALIGN="top" ALIGN="right">
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</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:Times New Roman">
obligations, and the liquidators will take over the functions attributed to them by law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The liquidation of the Company will be done in compliance with prevailing legal provisions. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Article&nbsp;57.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Distribution of Company assets </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Until all the obligations are discharged, the Company
assets may not be delivered to the shareholders unless a sum equivalent to the amount of the outstanding obligations has been reserved and placed in escrow for the creditors. </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:Times New Roman" ALIGN="center"><I>The English
version is a translation of the original in Spanish for information purposes only. In the event of discrepancy, the Spanish original will prevail. </I></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Exhibit 12.1 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>CERTIFICATION </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I, Francisco
Gonz&aacute;lez Rodr&iacute;guez, certify that: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">I have reviewed this annual report on Form <FONT STYLE="white-space:nowrap">20-F</FONT> of Banco Bilbao Vizcaya Argentaria, S.A.; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this report; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the
company as of, and for, the periods presented in this report; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">The company&#146;s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules <FONT STYLE="white-space:nowrap">13a-15(e)</FONT>
and <FONT STYLE="white-space:nowrap">15d-15(e))</FONT> and internal control over financial reporting (as defined in Exchange Act Rules <FONT STYLE="white-space:nowrap">13a-15(f)</FONT> and <FONT STYLE="white-space:nowrap">15d-15(f))</FONT> for the
company and have: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the company, including its
consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">Evaluated the effectiveness of the company&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Disclosed in this report any change in the company&#146;s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to
materially affect, the company&#146;s internal control over financial reporting; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">The company&#146;s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the company&#146;s auditors and the audit committee of the
company&#146;s board of directors (or persons performing the equivalent functions): </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the company&#146;s ability to record, process,
summarize and report financial information; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Any fraud, whether or not material, that involves management or other employees who have a significant role in the company&#146;s internal control over financial reporting. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Date: March&nbsp;31, 2017</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Francisco Gonz&aacute;lez Rodr&iacute;guez</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Group Executive Chairman</TD></TR>
</TABLE> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-12.2
<SEQUENCE>4
<FILENAME>d368256dex122.htm
<DESCRIPTION>EX-12.2
<TEXT>
<HTML><HEAD>
<TITLE>EX-12.2</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Exhibit 12.2 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>CERTIFICATION </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I, Carlos Torres
Vila, certify that: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">I have reviewed this annual report on Form <FONT STYLE="white-space:nowrap">20-F</FONT> of Banco Bilbao Vizcaya Argentaria, S.A.; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this report; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the
company as of, and for, the periods presented in this report; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">The company&#146;s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules <FONT STYLE="white-space:nowrap">13a-15(e)</FONT>
and <FONT STYLE="white-space:nowrap">15d-15(e))</FONT> and internal control over financial reporting (as defined in Exchange Act Rules <FONT STYLE="white-space:nowrap">13a-15(f)</FONT> and <FONT STYLE="white-space:nowrap">15d-15(f))</FONT> for the
company and have: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the company, including its
consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">Evaluated the effectiveness of the company&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Disclosed in this report any change in the company&#146;s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to
materially affect, the company&#146;s internal control over financial reporting; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">The company&#146;s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the company&#146;s auditors and the audit committee of the
company&#146;s board of directors (or persons performing the equivalent functions): </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the company&#146;s ability to record, process,
summarize and report financial information; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Any fraud, whether or not material, that involves management or other employees who have a significant role in the company&#146;s internal control over financial reporting. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="96%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Date:&nbsp;March&nbsp;31,&nbsp;2017</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Carlos Torres Vila</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Chief&nbsp;Executive&nbsp;Officer</TD></TR>
</TABLE> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-12.3
<SEQUENCE>5
<FILENAME>d368256dex123.htm
<DESCRIPTION>EX-12.3
<TEXT>
<HTML><HEAD>
<TITLE>EX-12.3</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Exhibit 12.3 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>CERTIFICATION </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I, Ricardo
G&oacute;mez Barredo, certify that: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">I have reviewed this annual report on Form <FONT STYLE="white-space:nowrap">20-F</FONT> of Banco Bilbao Vizcaya Argentaria, S.A.; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this report; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the
company as of, and for, the periods presented in this report; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">The company&#146;s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules <FONT STYLE="white-space:nowrap">13a-15(e)</FONT>
and <FONT STYLE="white-space:nowrap">15d-15(e))</FONT> and internal control over financial reporting (as defined in Exchange Act Rules <FONT STYLE="white-space:nowrap">13a-15(f)</FONT> and <FONT STYLE="white-space:nowrap">15d-15(f))</FONT> for the
company and have: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the company, including its
consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">Evaluated the effectiveness of the company&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Disclosed in this report any change in the company&#146;s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to
materially affect, the company&#146;s internal control over financial reporting; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">The company&#146;s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the company&#146;s auditors and the audit committee of the
company&#146;s board of directors (or persons performing the equivalent functions): </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the company&#146;s ability to record, process,
summarize and report financial information; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Any fraud, whether or not material, that involves management or other employees who have a significant role in the company&#146;s internal control over financial reporting. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Date: March&nbsp;31, 2017</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">/s/ Ricardo G&oacute;mez Barredo</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Global Head of Accounting and
Supervisors</P></TD></TR>
</TABLE> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-13.1
<SEQUENCE>6
<FILENAME>d368256dex131.htm
<DESCRIPTION>EX-13.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-13.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Exhibit 13.1 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, </U></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>AS ADOPTED PURSUANT TO </U></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>SECTION 906 OF THE SARBANES OXLEY ACT OF 2002 </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The certification set forth below is being submitted in connection with the Annual Report on Form <FONT STYLE="white-space:nowrap">20-F</FONT>
for the year ended December&nbsp;31, 2016 (the &#147;<B>Annual Report</B>&#148;) for the purpose of complying with Rule <FONT STYLE="white-space:nowrap">13a-14(b)</FONT> or Rule <FONT STYLE="white-space:nowrap">15d-14(b)</FONT> of the Securities
Exchange Act of 1934 (the &#147;Exchange Act&#148;) and Section&nbsp;1350 of Chapter 63 of Title 18 of the United States Code. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Francisco
Gonz&aacute;lez Rodr&iacute;guez, the Group Executive Chairman, Carlos Torres Vila, the Chief Executive Officer, and Ricardo G&oacute;mez Barredo, the Global Head of Accounting and Supervisors, of Banco Bilbao Vizcaya Argentaria, S.A., each
certifies that, to the best of his knowledge: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. the Annual Report fully complies with the requirements of Section&nbsp;13(a) or 15(d) of
the Exchange Act; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. the information contained in the Annual Report fairly presents, in all material respects, the financial condition
and results of operations of Banco Bilbao Vizcaya Argentaria, S.A. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: March&nbsp;31, 2017 </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">/s/ Francisco Gonz&aacute;lez Rodr&iacute;guez</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Francisco Gonz&aacute;lez
Rodr&iacute;guez</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Group Executive Chairman</P></TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">/s/ Carlos Torres Vila</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Carlos Torres Vila</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Chief Executive Officer</P></TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">/s/ Ricardo G&oacute;mez Barredo</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ricardo G&oacute;mez Barredo</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Global Head of Accounting and Supervisors</P></TD></TR>
</TABLE></DIV> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
</BODY></HTML>
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<DOCUMENT>
<TYPE>EX-15.1
<SEQUENCE>7
<FILENAME>d368256dex151.htm
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<HTML><HEAD>
<TITLE>EX-15.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit&nbsp;15.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We consent to the incorporation by reference in Registration Statement <FONT STYLE="white-space:nowrap">No.&nbsp;333-212729</FONT> on Form <FONT
STYLE="white-space:nowrap">F-3</FONT> and Registration Statement Nos. <FONT STYLE="white-space:nowrap">333-208728,</FONT> <FONT STYLE="white-space:nowrap">333-199835,</FONT> <FONT STYLE="white-space:nowrap">333-191625,</FONT> <FONT
STYLE="white-space:nowrap">333-185538,</FONT> <FONT STYLE="white-space:nowrap">333-178186,</FONT> <FONT STYLE="white-space:nowrap">333-167389,</FONT> <FONT STYLE="white-space:nowrap">333-163816</FONT> and
<FONT STYLE="white-space:nowrap">333-149157</FONT> on Form <FONT STYLE="white-space:nowrap">S-8</FONT> of our reports dated March 31, 2017, relating to the consolidated financial statements of Banco Bilbao Vizcaya Argentaria, S.A. and subsidiaries
composing the Banco Bilbao Vizcaya Argentaria Group (the &#147;<B>Group</B>&#148;) and the effectiveness of the Group&#146;s internal control over financial reporting, appearing in this Annual Report on
<FONT STYLE="white-space:nowrap">Form&nbsp;20-F</FONT> of the Group for the year ended December&nbsp;31, 2016. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">/s/ DELOITTE, S.L </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Madrid, Spain </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">March&nbsp;31, 2017 </P>
</BODY></HTML>
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<DOCUMENT>
<TYPE>EX-15.2
<SEQUENCE>8
<FILENAME>d368256dex152.htm
<DESCRIPTION>EX-15.2
<TEXT>
<HTML><HEAD>
<TITLE>EX-15.2</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit&nbsp;15.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">March&nbsp;31, 2017 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100 F Street, NE </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, D.C. 20549 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Sirs, </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have read Item&nbsp;16F of Banco Bilbao Vizcaya
Argentaria, S.A.&acute;s Form 20-F for the year ended December&nbsp;31, 2016, and we agree with the statements made therein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Yours truly, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">/s/ Deloitte, S.L. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Deloitte, S.L. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Madrid, Spain </P>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
